New Zealand BusinessNZ Performance of Manufacturing Index fell sharply from 46.6 to 41.1 in June, well below the long-term average of 52.6 and marking the lowest non-lockdown monthly level since February 2009. Breaking down the Read more…
Several Federal Reserve officials welcomed the US June CPI data released yesteday, which showed better-than-expected disinflation progress. This has intensified expectaitons that Fed would start cutting interest rates in September, with Fed fund futures indicating Read more…
Surprisingly, the RBNZ’s July OCR Review was markedly less hawkish than the May Statement. The RBNZ’s growth forecasts seem to have been significantly downgraded from their May view. The RBNZ crucially seems more confident that Read more…
The ‘two wolves’ inside monetary policy are demand shocks and supply shocks. It is important to know which is which. There is a story in Native American folklore that inside each of us are two Read more…
Key Highlights USD/JPY dived over 250 pips from the 161.80 resistance zone. It traded below a key bullish trend line with support at 160.90 on the 4-hour chart. The US CPI slowed more than expected Read more…
GBPAUD reversed from support level 1.8945, Likely to rise to resistance level 1.3700 GBPAUD currency pair recently reversed up from the powerful support level 1.8945, which has been repeatedly reversing the price from the start Read more…
USDCAD reversed from key support level 1.3600 Likely to rise to resistance level 1.3700 USDCAD currency pair recently reversed up from the key support level 1.3600, which has been steadily reversing the price from the Read more…
Guests of Las Vegas Strip resort hotels have a variety of popular entertainment residencies to choose from on their visits. The Strip has several mainstay residencies that seem to be always be featured in hotel-casino Read more…
Shares of electric-vehicle manufacturer Tesla (TSLA) slumped Thursday on reports the company is delaying the unveiling of its robotaxi vehicle. The shares dropped 8.4% to $241.03 on a Bloomberg News report that the unveiling of Read more…