ECB Chief Economist Philip Lane said in an interview, “I would be reasonably confident in saying that it is likely we are close to peak inflation”. But it’s still uncertain whether inflation has peaked or Read more…
Markets “All” it took for US investors to digest Friday’s strong payrolls was a weekend of time, another eye-opening WSJ article and a strong US non-manufacturing ISM. Recall that the initial post-payrolls move (higher yields, Read more…
Short term Elliott Wave View in $USDCHF suggests that the decline from 10.21.2022 high is in progress as 5 waves impulse Elliott Wave structure. Down from 10.21.2022 high, wave 1 ended at 0.9841 and rally Read more…
Contrary to widespread expectations RBA Board retains strong tightening bias. The Reserve Bank Board lifted the cash rate by 0.25%. While that decision was strongly promoted by Westpac there was real uncertainty in markets with Read more…
Summary of the RBA’s December statement: The RBA raised rates by 25bp from 2.85% to 3.1% Inflation in Australia is too high A further increase in inflation is expected over the months ahead Medium-term inflation Read more…
Stocks fell and the US dollar strengthened on Monday. One of the reasons that could have triggered the move was a stronger-than-expected ISM services read in the US, which came in above expectations, and hinted Read more…
Market movers today Today, Germany releases factory orders for October where consensus expects a stabilisation after two consecutive months of steep contraction. The regional network survey is out from Norway. The September edition pointed to Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is under the Ichimoku cloud which indicates a bearish market. If the bearish momentum continues, Read more…
Daily Pivots: (S1) 165.52; (P) 166.16; (R1) 167.42; More… Intraday bias in GBP/JPY remains neutral for the moment. On the downside, break of 164.02 should resume the whole fall from 172.11 through 163.02 support. Nevertheless, Read more…
Daily Pivots: (S1) 142.18; (P) 142.90; (R1) 144.25; More…. Intraday bias in EUR/JPY remains neutral for the moment. Further decline could be seen as long as 146.12 resistance holds. Break of 140.75 will resume the Read more…