Daily Pivots: (S1) 1.3650; (P) 1.3813; (R1) 1.3920; More… USD/CAD retreated notably after rising to 1.3976 and intraday bias is turned neutral first. Outlook will stay bullish as long as 1.3501 support holds. Firm break Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bullish. To add to this bias, the price is currently trading above the Ichimoku cloud, indicating a bullish market. Overnight, the price has Read more…
New Zealand BusinessNZ Performance of Manufacturing Index dropped back from 54.8 to 52.0 in September, comparing to July’s 53.5 and June’s 50.2. Looking at some details, production dropped from 54.5 to 52.0. Employment dropped from Read more…
There was some unusual volatility in USD/JPY overnight at it approached 1998 high at 147.68. The pair was knocked down but there was no sustained selling. Japan Ministry of Finance declined to confirm whether that Read more…
US stocks staged a historic U-turn overnight, after initial post-CPI selloff. DOW had a jaw-dropping swing of more than 1500 pts, falling to as low as 28660.94, then rebounded to close at 30038.72, after hitting Read more…
Key Highlights USD/JPY rallied further and traded to a new multi-year high above 147.00. A major bullish trend line is forming with support at 146.50 on the 4-hours chart. Gold and oil came under pressure Read more…
The Westpac Melbourne Institute Index of Consumer Sentiment only fell by 0.9% from 84.4 to 83.7 in the October Survey. The Index remains in deeply pessimistic territory but could have been much weaker. As discussed Read more…
Key insights from the week that was. Global inflation and its consequences for real income and interest rates were (yet again) the near sole focus of market participants this week. For Australia, the lens was Read more…
On Sunday, October 16, the 20th Congress of the Communist Party of China will take place. This rare event occurs every five years and plays a significant role in the world’s second largest economy. Let’s Read more…
In September, Bill Gates had suggested the Bill & Melinda Gates Foundation would close in 25 years. When Bill Gates was discussing the future of the Bill & Melinda Gates Foundation at the the 2022 Read more…