Yesterday was quite a stressful session for stock traders as we saw an aggressive selloff at the beginning of the session, which, then softened, brought back the ‘dip-buyers’. Warnings that the Q4 sales may have Read more…
It was another choppy session overnight in equity and currency markets, followed today, by another cautious Asian session on equity markets, with forex markets marching on the spot. In other words, business as usual for Read more…
Market movers today Today’s calendar is rather thin. In the US, the NFIB small business survey is quite interesting, not least the sub-components, which provide information about the labour market and underlying inflation pressure. We Read more…
Daily Pivots: (S1) 0.9214; (P) 0.9244; (R1) 0.9303; More…. Intraday bias in USD/CHF remains on the upside for 0.9293 resistance first. As noted before, with 0.9084 support intact, choppy rise from 0.8925 could still extend Read more…
Overall market sentiment is rather mixed for the moment. Despite the initial steep selloff overnight, major US indexes staged an impressive come back towards the end of the session. NASDAQ even eked out a slight Read more…
NASDAQ initially dived sharply to as low as 14530.22 overnight, but staged a strong rebound to close up 0.05% at 14942.82. Technically, we’re seeing NASDAQ as in correction to the move from 10822.57 to 16212.22. Read more…
Australia goods and services exports rose 2% mom or AUD 691m to AUD 43.86B in November. Goods and services imports rose 6% mom or AUD 2049m to AUD 34.44B. Trade surplus came in at 9.42B, Read more…
Australia retail sales rose 7.3% mom in November, well above expectation of 4.0% mom. That’s also the fourth strongest monthly rise on record. Total turnover at current prices hit a record AUD 33.4B. “Further easing Read more…
In the prepared remarks for the nomination hearing before Senate Banking Committee, Fed Chair Jerome Powell said, “today the economy is expanding at its fastest pace in many years, and the labor market is strong.” Read more…
DXY: On the H4 timeframe, prices are on bearish momentum and abiding to our bearish trendline. We would expect further bearish continuation from our 1st resistance at 96.029 in line with 61.8% Fibonacci extension towards Read more…