Australia’s private sector gained momentum at the start of the third quarter, with the services sector leading a broad-based improvement in business activity. The S&P Global Australia Services PMI rose to 53.6 in July from Read more…
New Zealand’s labor market delivered a stronger-than-expected employment report for the second quarter, reinforcing the case for further RBNZ tightening even as the unemployment rate rose. Employment increased 0.5% qoq, comfortably beating expectations of 0.1%, Read more…
Key Highlights WTI Crude Oil started a fresh decline from the $94.00 zone. A bearish trend line is forming with resistance at $80.50 on the 4-hour chart of XTI/USD. Gold prices are consolidating and might Read more…
Highlights Oil prices remain hostage to geopolitics as markets continue to swing between de-escalation hopes and renewed shipping disruptions. The oil market has leaned on several mechanisms to absorb the shock. Key buffers like inventory Read more…
The unemployment rate rose to 5.6% in the June quarter, higher than expected. Surveyed employment growth was outweighed by a rise in participation. Unemployment rate: 5.6% (prev: 5.4%, Westpac: 5.4%, RBNZ: 5.4%, mkt: 5.4%) Employment Read more…
CADJPY: ⬆️ Buy – CADJPY reversed from support zone – Likely to rise to resistance level 113.30 CADJPY currency pair recently reversed from the support zone between the key support level 111.85 (which has been Read more…
Platinum: ⬆️ Buy – Platinum broke resistance level 1680.00 – Likely to rise to resistance level 1835.00 Platinum recently broke the resistance level 1680.00 (which is the upper border of the narrow sideways price range Read more…
S&P 500: ⬆️ Buy – S&P 500 broke resistance level 7600.0 – Likely to rise to resistance level 7800.00 S&P 500 recently broke above the pivotal resistance level 7600.0 (upper border of the sideways price Read more…
As is the case with some of Elon Musk‘s other companies, SpaceX investors are looking towards the future. But that future comes with some added liabilities as the company’s rockets get bigger and the traffic Read more…
Citigroup (C) reported a 45% increase in second-quarter net income to $5.8 billion. The earnings beat did not prevent Citi shares from falling 5.3% on July 14 as investors focused on management’s warning that investments Read more…