Fed is widely expected to continue to slow down its tightening pace today, and raise interest rate by 25bps to 4.50-4.75%. The accompanying statement should clearly indicate that the work is not done yet on Read more…
China Caixin PMI Manufacturing ticked up from 49.0 to 49.2 in January. Caixin noted there were softer falls in output and new orders. Supply chain pressures eased. Confidence around the outlook hit the highest level Read more…
Japan PMI Manufacturing was finalized at 48.9 in January, unchanged from January’s 48.9. S&P Global also noted that reductions in output and new orders were slowest since last October. Supply chain disruptions were least widespread Read more…
New Zealand employment rose 0.2% in Q4, below expectation of 0.3%. Employment rate was unchanged at 69.3%. Unemployment rate rose from 3.3% to 3.4%, above expectation of 3.3%. Participation rate was unchanged at 71.7%. Labor Read more…
The Bank of England has a decision to make on Thursday. It is not “to hike or not to hike.” It is to hike by 25 or 50 (obviously, basis points), that’s the question. As Read more…
USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect the price Read more…
Key Highlights Gold price started a fresh increase above the $1,910 resistance. A major bearish trend line is forming with resistance near $1,925 on the 4-hours chart. EUR/USD and GBP/USD slowly moved lower. The US Read more…
The U.S. Department of Treasury’s many bureaus have many responsibilities ranging from tax collection and bond sales to fiscal oversight and tariff enforcement. Canva What Is the U.S. Department of the Treasury? The U.S. Department Read more…
New Tesla electric vehicles have had some serious mechanical problems that can make it impossible to drive the car. Tesla has been the most popular electric vehicle manufacturer in the U.S. market, as it once Read more…