The US Dollar started a fresh decline from well above the 150.00 zone against the Japanese Yen. The USD/JPY pair traded below the 149.50 level to move into a short-term bearish zone. The pair traded Read more…
Apple faces further disruption at its key iPhone factory in China after city officials in Zhengzhou ordered a seven-day lockdown to tame a fresh Covid outbreak. Apple (AAPL) – Get Apple Inc. Report shares moved lower Read more…
“I do think the PC business will recover as we go into 2023, but we’ll have to work through these dynamics over the next quarter or so,” said CEO Lisa Su. Advanced Micro Devices (AMD) Read more…
Eurozone PMI Manufacturing was finalized at 46.4 in October, down from September’s 48.4. Manufacturing Output Index was finalized at 43.8, down from prior month’s 46.3. Both were the lowest reading in 29 months. Looking at Read more…
Stock futures edge higher as fed decision looms; Fed Preview: pivot unlikely as Powell stays focused on inflation fight; AMD leaps as gaming, data center chip sales impress in Q3; Mondelez higher on Q3 earnings Read more…
The USDJPY chart shows the formation of a global impulse trend, which consists of cycle waves. In recent months, we have seen the price creeping up in the cycle wave V, more precisely in its Read more…
NZDUSD rebounded off the 31-month low of 0.5510 in the mid-October. Currently, the market is advancing above the 50-day simple moving average (SMA) with the technical oscillators showing positive signs as well. The MACD is Read more…
Markets Asia’s equity scorching rally (HK more than +5%) following unconfirmed social media reports that China is preparing its exit from zero-Covid was met by a lukewarm European response. Stocks rose less than 1%. Wall Read more…
The New Zealand dollar slid after the Q3 unemployment rate fell short of expectations. A rising trend line indicates a strong bullish bias as the kiwi continues to recover. A break above the double top Read more…
The Australian dollar softened after the RBA stuck with a mere 25 basis point rate hike. The pair has found strong support over 0.6200. Three consecutive failures to break lower by the bears indicate that Read more…