Daily Pivots: (S1) 0.6715; (P) 0.6738; (R1) 0.6770; More… Intraday bias in AUD/USD stays neutral first. Prior rejection by 55 day EMA is a near term bearish sign. Decisive break of 0.6680 will resume larger Read more…
The markets are overall steady in Asia today. Yen attempted a rebound yesterday but there was no follow through buying so far. Dollar’s rally also lacks sustained push. While commodity currencies are staying as the Read more…
Japan exports rose 22.1% yoy to JPY 8062B in August, driven by shipments of auto and chip-related equipment. Imports rose 49.9% yoy to JPY 10879B. That’s the largest increase by value on record, since data Read more…
Ethereum’s software update, called the Merge, is a major event for the cryptocurrency industry. The Merge is here. The long-awaited update of the Ethereum platform – the internet of crypto space – has finally arrived Read more…
New Zealand’s GDP rebounded by 1.7% in the June quarter, close to our forecast and the RBNZ’s expectation. Services grew strongly as tourists started to return. Quarterly change: +1.7% (last: -0.2%, Westpac f/c: +1.6%, market Read more…
Australia employment rose 33.5k in August, slightly smaller than expectation of 35.5k. Full-time jobs rose 58.8k while part-time jobs decreased -25.3k. Unemployment rate ticked up from 3.4% to 3.5%, above expectation of 3.4%. Participation rate Read more…
New Zealand GDP grew 1.7% qoq in Q2, above expectation of 1.0% qoq, following a -0.2% qoq decline in Q1. Service industries rose 2.7% but goods producing industries dropped -3.8%. Primary industries rose 0.2%. “The Read more…
ECB Chief Economist Philip Lane said in a speech that risks to the inflation outlook are “primarily on the upside”. Major short term risk is a “further disruption of energy supplies”. Over the medium term, Read more…
Key Highlights Crude oil price started a steady increase above the $85 resistance. It broke a major bearish trend line with resistance at $87.50 on the 4-hours chart. Gold price is consolidating losses below the Read more…
When will US retail sales figures for August be released? The Census Bureau will release the August US retail sales report at 8:30am ET (12:30 GMT) on Thursday, 14 September 2022. What are traders expecting Read more…