Risk-off sentiment is back in Asia today, after US stocks were sold off on poor consumer confidence data. In the currency markets, trading is relatively subdued, with Euro and Dollar trading in soft tone. Canadian Read more…
Australia retail sales rose 0.9% mom in May, above expectation of 0.4% mom. That’s the fifth consecutive monthly growth. Ben Dorber, Director of Quarterly Economy Wide Statistics said, “There was growth across five of the Read more…
BoJ Governor Haruhiko Kuroda said, “Unlike other economies, the Japanese economy has not been much affected by the global inflationary trend, so monetary policy will continue to be accommodative,” according to the recording released by Read more…
The US dollar will be in the spotlight this week with the Fed’s favorite inflation measure on Thursday ahead of the ISM manufacturing PMI on Friday. Concerns about rampant inflation have been overshadowed by fears Read more…
It has long been said that the Fed’s favorite measure of inflation is Core PCE. But has that changed? The Fed raised rates by 75bps at its June meeting. Expectations were only for a 50bps Read more…
DXY: On the H4, with RSI moving along an ascending trendline and prices moving along the ascending trendline, we have a bullish bias that bullish momentum will carry prices from our 1st support at 103.425 Read more…
We have to think of month-end flows as a consideration, but on the day there’s been a further liquidation of Equity longs. Weak US consumer confidence was the trigger and the equity market had enough, Read more…
AUDNZD reversed from support area Likely to rise to resistance level 1.116 AUDNZD currency pair recently reversed up from the support area located between the key support level 1.0940 (which has been reversing the pair Read more…
GBPCAD falling inside impulse wave (iii) Likely to fall to support level 1.5550 GBPCAD continues to fall inside the short-term downward impulse wave (iii), which started recently from the resistance area located between the resistance Read more…
Earlier today, there was a bit of optimism in the air with European equity markets rising noticeably. Investors were showing resilience in the face of rising interest rates, inflation, and recession risks. Granted, some indices Read more…