Yen weakens mildly in Asian session today, contrasting with Nikkei’s continued up trend towards historical high made in 1990. This development comes amidst diminishing impacts of Japanese officials’ verbal interventions aimed at stemming Yen’s decline. Read more…
Rally from 2.1.2024 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 2.1.2024 low, wave (i) ended at 159.14 and pullback in wave (ii) ended at 158.31. Pair extended higher Read more…
DXY: The DXY chart currently demonstrates a bullish overall momentum. There’s a potential scenario where the price may drop further to the 1st support in the short term before bouncing from there and rising to Read more…
Issues in the home-building sector are still boosting goods inflation in Australia. This week RBA Head of Economic Analysis Marion Kohler gave a speech on the economic outlook. Normally an RBA speech so soon after Read more…
Key insights from the week that was. In Australia, the week started with an encouraging development, the Westpac-MI Consumer Sentiment’s headline index rose 6.2% to be at its highest level in over a year, albeit Read more…
Key Highlights USD/JPY started a downside correction from the 150.80 resistance. A major rising channel is forming with support at 149.25 on the 4-hour chart. Gold price dived below $2,000 before it started a recovery Read more…
New Zealand BusinessNZ Performance of Manufacturing Index rose from 43.4 to 47.3 in January, hitting the highest level since June last year. Despite this uptick, it’s important to note that the manufacturing sector remained in Read more…
In a forum today, RBNZ Governor Adrian Orr indicated that the central bank’s primary challenge lies in firmly anchoring inflation expectations around the 2% target, a goal that remains elusive despite significant progress. This “tail Read more…
Atlanta Fed President Raphael Bostic noted there has been “substantial and gratifying progress” in reducing inflation’s pace, but he warns against premature celebrations. While inflation is expected to continue to decline, it would be “more Read more…
In an interview, ECB Governing Council member Edward Scicluna pointed to March economic projections as a crucial factor that could justify a shift in policy, opening the door for rate cuts. “March could be it,” Read more…