The global markets experienced a noticeable shift in momentum as major US stock indexes concluded with substantial gains overnight, and treasury yields took a step back. This favorable swing persisted into Asian trading hours, marked Read more…
Australian Dollar experienced a significant surge in today’s Asian trading session, fueled in part by the vigorous rebound observed in Hong Kong stocks, the Chinese Yuan, and Copper prices. The rebound in stocks could attributed Read more…
Key Highlights USD/JPY is moving higher above the 148.80 resistance zone. A key bullish trend line is forming with support near 148.80 on the 4-hour chart. EUR/USD tested 1.0500 and is currently recovering higher. Gold Read more…
Japan’s industrial output for August surprised by remaining steady month-on-month, outpacing expectations of a -0.8% mom decline. The seasonally adjusted index of production at factories and mines held its ground at 103.8, based on 2020 Read more…
Richmond Fed President Thomas Barkin highlighted the existing uncertainties surrounding the economic outlook in remarks made overnight. He stated, “The range of potential outcomes, to me, is still pretty broad,” emphasizing the unpredictability of the Read more…
The Reserve Bank Board meets next week on October 3 with Governor Bullock presiding over her first meeting. We are certain that the Board will decide to continue the pause that began at the July Read more…
Key insights from the week that was. The Monthly CPI Indicator rose 0.6% (5.2%yr) in August, above the 0.3% (4.9%yr) print in July but still broadly in line with a trend deceleration since the peak Read more…
AUDUSD reversed from support level 0.6350 Likely to rise to resistance level 0.6500 AUDUSD currency pair recently reversed up from the key support level 0.6350 (which has been reversing the price from the middle of Read more…
CADCHF reversed from resistance level 0.6815 Likely to fall to support level 0.6750 CADCHF currency pair recently reversed down from the strong resistance level 0.6815 (which previously reversed the price multiple times in June) standing Read more…
Big box retailer Costco is on a roll in 2023, with net sales up 9.4% for the fourth quarter and its stock price is up 25% on a year-to-date basis. Costco memberships are up 7.9% Read more…