Financial markets staged a powerful relief rally after US President Donald Trump abruptly called off planned military strikes against Iran and declared that diplomatic discussions had reached the “highest level of Iranian leadership.” Trump later Read more…
Key Highlights USD/JPY corrected some gains but found support at 159.55. It traded below a bullish trend line with support at 160.20 on the 4-hour chart. Bitcoin could start a recovery wave if it clears Read more…
New Zealand’s manufacturing sector slipped back into contraction in May, with the BNZ-BusinessNZ Performance of Manufacturing Index falling from 50.4 to 49.9. While the decline was modest, it marked a notable loss of momentum from Read more…
The ECB hiked policy rates by 25bp as expected, bringing the deposit rate to 2.25% at the June meeting. Lagarde highlighted the robustness of the decision to hike rates across a range of scenarios, downplayed Read more…
We affirm our previously published view that the RBA will remain on hold in June, but increase rates in coming months given inflation risks. We affirm our existing expectation that the RBA Monetary Policy Board Read more…
Key insights from the week that was. Our latest Westpac-MI Consumer Sentiment Survey proves the tense backdrop of elevated inflation, restrictive interest rates and heightened economic and political uncertainty is weighing heavily on the consumer Read more…
AUDCAD: ⬆️ Buy – AUDCAD reversed from support zone – Likely to rise to resistance level 0.9945 AUDCAD currency pair recently reversed from the support zone between the support level 0.9761 (former resistance from February Read more…
USDJPY: ⬇️ Sell – USDJPY reversed from strong resistance level 160.50 – Likely to fall to support level 159.00 USDJPY currency pair recently reversed down from the strong resistance level 160.50 (which has been reversing Read more…
For decades, Walmart has built its reputation on helping shoppers stretch every dollar. Its price points, brand range, and product assortment have all reflected that budget-friendly strategy. More recently, however, the chain’s been experimenting with Read more…
A rear subframe issue has led to over one million Honda and Acura SUVs being recalled, which could impact the stability, braking, and handling of affected models. Of the total recall population, 880,514 vehicles are Read more…