Yen’s selloff continues in Asian session today, on expectation of further divergence in BoJ’s policy with other major central banks. BoC’s mega 100bps hike overnight prompted talks that Fed could follow later in the month, Read more…
Australia employment grew 88.4k in June, above expectation of 30.0k. Full time jobs grew 52.9k while part-time jobs rose 35.5k. Unemployment rate dropped sharply from 3.9% to 3.5%, below expectation of 3.8%. That’s the lowest Read more…
Cleveland President Loretta Mester told Bloomberg TV yesterday, the June inflation report was “uniformly bad”. “There was no good news in that report at all,” she said. “We at the Fed have to be very Read more…
Commenting on yesterday’s US CPI report, which showed headline inflation surged to 9.1%, Atlanta Fed President Raphael Bostic said the “numbers suggest the trajectory is not moving in a positive way”. But, “how much I Read more…
DXY: On the H4, with prices moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that prices will drop and rise from 1st support at 105.794 where the pullback Read more…
Short term Elliott Wave view in $EURUSD suggests decline from 5.31.2022 peak is unfolding as a 5 waves impulse Elliott Wave structure. Down from 5.31.2022 peak, wave 1 ended at 1.0357 and rally in wave Read more…
WTI reversed from support level 92.93 Likely to rise to resistance level 97.00 WTI recently reversed up from the strong support level 92.93 (former monthly low from March and April), standing near the 50% Fibonacci Read more…
EURGBP reversed from support level 0.8425 Likely to rise to resistance level 0.85000 EURGBP today recently reversed up with the daily Hammer from the key support level 0.8425 (which has been reversing the pair from Read more…
The results are in for a prestigious travel industry award. The past couple of years haven’t been great for the cruise industry, for obvious reasons. Travel was severely impacted by the onset of covid-19, and Read more…