Japan industrial production rose 2.7% mom in August, much better than expectation of -0.2% decline. That’s also the third consecutive month of growth. The Ministry of Economy, Trade and Industry expects production to rise further Read more…
San Francisco Fed President Mary Daly said yesterday she’s “quite comfortable” with the economic projections that interest rate will rise to 4-4.5% by the end of this year, and 4.5-5% next. “It’s going to take Read more…
BoE Chief Economist Huw Pill said in a speech, “on the basis of the fiscal easing announced last week, the macroeconomic policy environment looks set to rebalance. Taken in conjunction with the macroeconomic impact of Read more…
Key insights from the week that was. This week, Australian data was broadly constructive on the outlook. Meanwhile, considerable volatility was present financial markets after the announcement of the UK Government’s expansionary Fiscal Update. Australian Read more…
Key Highlights USD/JPY is showing bullish signs above the 144.00 support. It is facing a major resistance near 145.00 and 145.40 on the 4-hours chart. Gold and oil are facing important hurdles near $1,665 and Read more…
Last week, the Bank of Japan intervened in the foreign exchange markets by purchasing $21 billion to $25 billion worth of Yen, a record amount for Yen intervention. USD/JPY sold off more than 500 pips Read more…
The Bank of England’s intervention has calmed the bond markets somewhat with yields coming down not just in the UK, but eurozone and US too. As a result, we are seeing bearish speculators eased off Read more…
Short term Elliott Wave view on USDCAD suggests cycle from 8.11.2022 high is in progress as a 5 waves impulse structure. Down from 8.11.2022 high, wave 1 ended at 0.9864 and rally in wave 2 Read more…
GBPJPY rising in line with the weekly uptrend Likely to test resistance level 162.50 GBPJPY continues to rise after the price reversed up from the round support level 150.00 (which reversed the pair multiple times Read more…
EURGBP reversed from long-term resistance level 0.9200 Likely to fall to support level 0.8800 EURGBP falling after the pair reversed down from the powerful long-term resistance level 0.9200 (which has been reversing the price from Read more…