Daily Pivots: (S1) 155.47; (P) 155.83; (R1) 156.22; More… Intraday in USD/JPY remains neutral at this point. With near term rising channel floor intact, further rally is expected. Above 156.57 minor resistance will bring retest Read more…
Daily Pivots: (S1) 0.8020; (P) 0.8036; (R1) 0.8046; More… Intraday bias in USD/CHF remains neutral for the moment. Outlook is unchanged that price actions from 0.7828 low is seen as a corrective pattern. On the Read more…
Australian Dollar rallied sharply today after RBA Governor Michele Bullock signaled to Parliament that policymakers remain ready to tighten policy if inflation shows renewed persistence. Markets took her remarks as a clear indication that a Read more…
China’s RatingDog Services PMI eased in November, slipping from 52.6 to 52.1, while Composite PMI fell from 51.8 to 51.2. Both measures remained in expansionary territory, but the decline signaled moderation in growth momentum heading Read more…
Japan’s Services PMI was finalized at 53.2 in November, edging up from 53.1 in October. Composite PMI also improved, rising to 52.0 from 51.5. S&P Global’s Annabel Fiddes noted “a number of positive developments,” with Read more…
RBA Governor Michele Bullock told the Senate Economics Legislation Committee that the bank remains on high alert for renewed inflation pressure and is prepared to act if price gains prove “more persistent” than expected. She Read more…
Australia’s economy expanded 0.4% qoq in Q3, below expectations for 0.7% and marking a softer outcome despite a 2.1% yoy rise from a year earlier. The headline result reflected steady domestic activity supported by private Read more…
Meeting Demand Through Stockpiles Today, Productivity Tomorrow The September quarter National Accounts show growth slowed to 0.4%qtr – this was softer than both the 0.8%qtr expected by Westpac Economics and the 0.7%qtr expected by the Read more…
Key Highlights WTI Crude Oil prices started a recovery wave from $57.20. A key bearish trend line is forming with resistance at $60.30 on the 4-hour chart. Gold started a fresh increase above $4,150 and Read more…
Falling to $4,205, down 0.63%, gold pricing has retraced from recent highs in today’s trading. Having recently painted new six-week highs, rallying from support at $4,056, downside in today’s session can be considered primarily technical Read more…