USD/JPY: The current general bias for USDJPY on the H4 chart is bullish. Overnight, price retraced downwards from the 1st resistance at 149.343 where the 161.8% Fibonacci line is located. If this bearish retracement continues, Read more…
Key Highlights AUD/USD is recovering losses and trading above 0.6350. It broke a key bearish trend line with resistance near 0.6380 on the 4-hours chart. EUR/USD is attempting a clear move above the 1.0000 resistance. Read more…
BoC is widely expected to deliver another rate hike today. The markets seem to have now reached a consensus expectation of a 75bps increase in overnight rate to 4.00%. That would be the highest level Read more…
New Zealand ANZ Business Confidence fell from -36.7 to -42.7 in October. Looking at some details, Own Activity Outlook dropped from -1.8 to -2.5. Cost expectations dropped from 89.8 to 88.6. Employment intentions dropped from Read more…
Australia CPI rose 1.8% qoq in Q3, above expectation of 1.5% qoq. Annual rate accelerated from 6.1% yoy to 7.3% yoy, above expectation of 6.9% yoy. That’s the highest annual rise since 1990. Trimmed mean Read more…
Headline CPI 1.8%qtr/7.3%yr; Trimmed Mean 1.8%qtr/6.1%yr; Weighted Median 1.4%qtr/5%yr. It was a broad based upside surprise in the core measures highlighting accelerating inflationary pressures. The CPI lifted 1.8% in the September quarter with the most Read more…
With President Xi securing a third term and refusing to back away from the COVID-zero strategy, it has further fanned fears of a global recession as China’s growth is likely to suffer as a consequence. Read more…
USDCHF reversed from resistance level 1.0050 Likely to fall to support level 0.992 USDCHF recently reversed down from the key multi-month resistance level 1.0050 (which has been reversing the price from May), intersecting with the Read more…
Natural gas reversed from support level 5.370 Likely to rise to resistance level 6.500 Natural gas recently reversed up from the support level 5.370 (previous multi-month low from July), standing near the lower daily Bollinger Read more…
Disney World is adding a “Frozen” theme to one of its parks. Long-term or permanent closures of theme parks are rare occurrences in the industry. The new Lost Island Theme Park near Waterloo, Iowa, abruptly Read more…