Market in crisis mode after Friday’s US labour report An RNBZ rate cut could be on the cards if data weakens China’s problems hamper progress in the region Kiwi in desperate need of good data Read more…
Gold is lower today, but close to recent highs Geopolitics and dollar underperformance support gold Momentum indicators are tentatively bullish Gold is trading lower again today, recording its third consecutive red candle, but remaining a Read more…
USDJPY fell sharply overnight, hitting the lowest since early January, extending steep bear-leg off 155.21 lower top into fifth consecutive day. The pair was down 3.3% in Asian session on Monday, remaining under increased pressure Read more…
Market picture The cryptocurrency market was hit by a sell-off over the weekend, the likes of which haven’t been seen in a long time. We would not have been surprised to see such a sell-off Read more…
Eurozone PPI rose 0.5% mom in June, but down -3.2% yoy, comparing to expectation of 0.3% mom, -3.2% yoy. For the month. Industrial producer prices increased by 0.1% for intermediate goods,1.6% for energy, 0.1% for Read more…
Eurozone Sentix Investor Confidence fell sharply from -7.3 to -13.8 in August, marking its lowest level since January. Current Situation Index dropped from -15.8 to -19.0, the lowest since February, while Expectations Index declined from Read more…
UK PMI Services was finalized at 52.5 in July, up from June’s 52.1. PMI Composite was finalized at 52.8, up from June’s 52.3. Joe Hayes, Principal Economist at S&P Global Market Intelligence, noted that the Read more…
Eurozone PMI Services was finalized at 51.9 in July, down from June’s 52.8, a 4-month low. PMI Composite was finalized at 50.2, down from June’s 50.9, a 5-month low. These figures indicate a slowing economy Read more…
Daily Pivots: (S1) 186.37; (P) 188.64; (R1) 189.89; More… In the bigger picture, fall from 208.09 medium term top is seen as correcting the up trend from 148.93 (2022 low). 38.2% retracement of 148.93 to Read more…
Daily Pivots: (S1) 159.20; (P) 160.40; (R1) 161.09; More… EUR/JPY’s decline continues today and breached 155.91 fibonacci level. There is no sign of bottoming yet and intraday bias remains on the downside. Next target is Read more…