Daily Pivots: (S1) 207.91; (P) 208.33; (R1) 208.78 More… Intraday bias in GBP/JPY stays neutral as more consolidations would be seen below 208.92. Further rally is expected as long as 205.17 support holds. ON the Read more…
Markets AI valuation stress kicks in for the second time this quarter after industry giant Broadcom’s sales outlook failed to live up to (outsized) expectations. Earlier last week, Oracle got punished for delay in completing Read more…
Last week ended on a mixed note for equities. Looking at global index performance, the message was fairly clear: investor appetite is waning for AI-related technology stocks, while non-tech and more value-oriented pockets of the Read more…
In focus this week Today is expected to be somewhat quiet on the data front, although we highlight speeches from New York Fed President John Williams and Fed Governor Stephen Miran in the evening. Markets Read more…
Daily Pivots: (S1) 182.60; (P) 182.88; (R1) 183.23; More… Intraday bias in EUR/JPY is turned neutral with current steep retreat and some consolidations would be seen below 187.14. Further rally remains in favor. But considering Read more…
Yen rallied broadly during the Asian session as weaker-than-expected Chinese data undermined regional risk sentiment. Retail sales disappointed sharply, reinforcing doubts about the strength of China’s domestic recovery and prompting a defensive tilt across FX Read more…
China’s November activity data delivered a broadly weaker-than-expected picture. Industrial production rose 4.8% yoy, missing expectations for 5.0% growth and marking the weakest pace since August 2024. The sharper disappointment came from consumption. Retail sales Read more…
Japan’s Q4 Tankan survey delivered a broadly supportive signal for the economy, reinforcing expectations that the BoJ will proceed with rate normalization. The large manufacturing index rose from 14 to 15, in line with expectations, Read more…
RBNZ Governor Anna Breman signaled in media interviews today that the bar for further near-term easing remains high. While the forward path published in the November Monetary Policy Statement allows for a small probability of Read more…
New Zealand’s services sector slipped deeper into contraction in November, reinforcing signs that domestic demand remains fragile. BusinessNZ Performance of Services Index fell from 48.4 to 46.9, marking the lowest level of activity since May Read more…