Japan export rose 20.0% yoy to JPY 8838B in November, a record high, led by cars autos and mining machinery shipment to the US. Imports rose 30.3% yoy to JPY 10865B, also a record high, Read more…
Australia employment grew 64.0k in November, much better than expectation of 19.4k. Unemployment rate was unchanged at 3.4%, matched expectations. Participation rate rose 0.2% to 66.8%. Monthly hours worked dropped -0.4% mom. Bjorn Jarvis, head Read more…
Total employment: 64k from 43.1k (revised from 32.2k); unemployment rate: 3.4% from 3.4% (unrevised 3.4%); participation rate: 66.8% from 66.6% (revised 66.5%). A strong update not just because of the larger than expected gain in Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is crossing under the Ichimoku cloud which indicates a bearish market. If the bearish momentum Read more…
Key Highlights USD/CHF declined below the 0.9400 and 0.9350 support levels. A major bearish trend line is forming with resistance near 0.9320 on the 4-hours chart. The Fed increased interest rate by 0.50 percentage point. Read more…
Fed Review: FOMC Signals Fed Funds above 5% in 2023 The US Federal Reserve hiked the Fed Funds Rate by 50bp as widely anticipated. The updated ‘dots’ signal policy rates above 5% in 2023. EUR/USD Read more…
The big takeaway from today’s FOMC meeting is that the Fed really hasn’t changed its view very much from October. Powell has indicated in the past that interest rates will remain at a sufficiently restrictive Read more…
As we discussed in our FOMC meeting preview report, the decision for a 50bps interest rate hike was never really in doubt, even after yesterday’s bigger-than-expected decline in inflation, and to the surprise of no Read more…
Avidity Biosciences roared higher after announcing favorable data delivering RNA medicines to muscle tissue. Hours after Alex Ovechkin became the first NHL player to score 800 goals with one team, Avidity Biosciences (RNA) – Get Read more…