DXY: The DXY (US Dollar Index) chart currently shows an overall bearish momentum, indicating a potential for price to make a bearish continuation towards the 1st support. The 1st support level at 101.87 is identified Read more…
Westpac Leading Index in Australia showed an encouraging rise from -0.39% to 0.30% in November, marking the first positive, above-trend reading since mid-2022. However, Westpac cautioned that this uptick might be influenced by temporary factors. Read more…
Japan’s trade statistics for November were, marked by a slight decline in exports and a more significant drop in imports. Exports fell marginally by -0.2% yoy, totaling JPY 8829B, marking the first drop in three Read more…
RBNZ Governor Adrian Orr, in his address to a parliament select committee today, emphasized there is “still a long way to go” to curb inflation. He added, “it’s core inflation that’s going to be our Read more…
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Chicago Fed President Austan Goolsbee, in an interview with Fox News overnight, said that investors might be “a little ahead of themselves” with their “euphoria” as stock markets surged to record highs following Fed’s announcement Read more…
Richmond Fed President Thomas Barkin, in an interview with Yahoo Finance, acknowledged that the Fed is making “good progress” in its efforts to bring down inflation. However, he pointed out that the economic data has Read more…
Atlanta Fed President Raphael Bostic emphasized a lack of urgency in cutting interest rates, projecting potential rate reductions only in the second half of 2024. In an event overnight, Bostic expressed his view that inflation Read more…
Stellar year for US stock markets, fueled by ‘soft landing’ hopes Can the rally persist in 2024, despite high valuations and election uncertainty? European valuations are much cheaper, partly reflecting recession concerns US stocks race Read more…
CHFJPY reversed from support level 162.45 Likely to rise to resistance level 168.00 CHFJPY currency pair recently reversed up from the key support level 162.45 (which has been reversing the price from August). The support Read more…