Dollar softens mildly again in rather subdued trading in Asia. Many markets are still on Lunar New Year holiday. For now, Australia Dollar is the relatively stronger one for the week, followed by New Zealander. Read more…
UK and Europe: UK’s FTSE 100 futures are currently up 10.5 points (0.14%), the cash market is currently estimated to open at 7,795.17 Euro STOXX 50 futures are currently up 9 points (0.22%), the cash Read more…
Key Highlights GBP/USD started a fresh increase above the 1.2350 resistance. A connecting bullish trend line is forming with support near 1.2340 on the 4-hours chart. EUR/USD extended its increase above the 1.0880 resistance. The Read more…
Japan PMI Manufacturing was unchanged at 48.9 in January, below expectation of 49.4. PMI Services rose from 51.5 to 52.4. PMI Composite rose form 49.7 to 50.8. Laura Denman, Economist at S&P Global Market Intelligence, Read more…
Australia NAB Business Conditions fell from 20 to 12 in December. Trading conditions fell from 27 to 18. Profitability conditions fell from 19 to 12. Employment conditions also declined from 13 to 8. Business Confidence Read more…
Australia PMI Manufacturing fell from 50.2 to 49.8 in January, a 32-month low. PMI Services rose from 47.3 to 48.3. PMI Composite rose from 47.5 to 48.2. Warren Hogan, Chief Economic Advisor at Judo Bank Read more…
New Zealand BusinessNZ Performance of Services Index dropped from 53.8 to 52.1 in December. Looking at some details, activity/sales dropped notably from 58.2 to 52.1. Employment fell from 51.8 to 47.1. New orders/business rose from Read more…
ECB President Christine Lagarde said in a speech that the “high inflation environment” is a big challenge facing Europe. And, that’s “the challenge that concerns me the most”. “We must bring inflation down. And we Read more…
After signaling that it will be considering whether interest rates need to rise further on a meeting-by-meeting basis, the Bank of Canada was seen as the first major central bank to end its tightening crusade. Read more…
The Bank of Canada are expected to hike interest rates by 25bp tomorrow according to market pricing and economists. The hike would see their benchmark rate rise to 4.5% – its highest level since October Read more…