Key Highlights USD/JPY started a fresh decline below the 130.00 zone. A major bearish trend line is forming with resistance near 131.00 on the 4-hours chart. EUR/USD could aim a fresh increase above the 1.0880 Read more…
Oil shows a bullish sequence from 12.10.2022 low favoring further upside. Rally from there is unfolding as a 5 waves impulse Elliott Wave structure. Up from 12.10.2022 low, wave 1 ended at 81.50 and pullback Read more…
Japan CPI core (all items ex-fresh food) accelerated from 3.7% yoy to 4.0% yoy in December, matched expectations. That’s also the highest level in four decades since 1981. CPI core-core (all items ex-food and energy) Read more…
New Zealand BusinessNZ Performance of Manufacturing Index was unchanged at 47.2 in December. Looking at some details, production ticked up from 49.5 to 49.7. Employment rose from 46.9 to 48.8. New orders rose from 42.2 Read more…
New York Fed President John Williams said overnight, “with inflation still high and indications of continued supply-demand imbalances, it is clear that monetary policy still has more work to do to bring inflation down to Read more…
Fed Vice Chair Lael Brainard said in a speech yesterday, “even with the recent moderation, inflation remains high, and policy will need to be sufficiently restrictive for some time to make sure inflation returns to Read more…
The central issue for the economies and markets will be the evolution of inflation over 2023. Westpac forecasts that headline inflation in Australia will peak at 7.4% in 2022 (December quarterly result to be released Read more…
NZDUSD reversed from resistance level 0.6460 Likely to fall to support level 0.6300 NZDUSD recently reversed down from the major resistance level 0.6460 (which has been reversing this currency pair from August). The resistance level Read more…
CADCHF reversed from support level 0.679 Likely to rise to resistance level 0.6916 CADCHF today reversed up from the key support level 0.679 (which has been stopping all downward impulses from December). The support zone Read more…
Head of largest U.S. bank sees challenges for the economy and financial regulators. JPMorgan Chase CEO Jamie Dimon isn’t one to shy away from bold statements. Dimon has famously called out cryptocurrencies for criticism and Read more…