The dollar index holds firm tone in early Thursday’s trading and pressuring 105.00 round figure barrier, ahead of more significant resistances at 105.13/47 (Fibo 38.2% retracement of 114.72/99.20 / weekly cloud base). Wednesday’s better than Read more…
In 2023, Japan’s stock market is in a bullish trend (shown by the blue channel) as the country has an ultra-loose monetary policy (unlike other G7 countries that are fighting inflation). As a result, the Read more…
Daily Pivots: (S1) 1.0703; (P) 1.0726; (R1) 1.0749; More… Intraday bias in EUR/USD stays on the downside for the moment. Deeper decline would be seen to 1.0609/34 cluster support next. On the upside, above 1.0808 Read more…
In August, China reported a fourth consecutive monthly contraction in exports, dropping -8.8% yoy to USD 284.9B. However, the contraction was narrower than market’s expectation of a -9.5% yoy decline and an improvement from July’s Read more…
In August, China reported a fourth consecutive monthly contraction in exports, dropping -8.8% yoy to USD 284.9B. However, the contraction was narrower than market’s expectation of a -9.5% yoy decline and an improvement from July’s Read more…
BoJ Board member Junko Nakagawa struck a cautiously optimistic tone today about the Japanese economy, citing “positive developments” and “signs of change in corporate price and wage-setting behavior.” However, she was quick to note that Read more…
ECB Preview: A Final Rate Hike, But Restrictive Policies Are Not Over We expect the ECB to deliver a final 25bp rate hike during next week’s ECB meeting due to still too strong inflation momentum Read more…