Australia PMI Manufacturing rose from 57.0 to 57.3 in March. PMI Services rose from 57.4 to 57.9, a 10-month high. PMI Composite rose from 56.6 to 57.1, also a 10-month high. Jingyi Pan, Economics Associate Read more…
In a report, IMF urged RBNZ to have “significant increases” in interest range in the near term to address inflation as a priority. IMF said, “with the recovery well-entrenched, tight labor market conditions, and elevated Read more…
BoJ board member Goushi Kataoka warned in a speech to business leaders, “disruptions in Russia-related trade will weigh not just on Russia’s economy but global growth by prolonging worldwide supply constraints.” And for the time Read more…
San Francisco Fed President Mary Daly said she has “everything on the table” for the May FOMC meeting. “If we need to do 50, that is what we’ll do,” she added. “We’re prepared to do Read more…
Cleveland Fed President Loretta Mester reiterated yesterday that Fed should “front-load” interest rate hikes in the first of of the year, and start quantitative tightening at the same time. “We have to recognize that inflation Read more…
Key Highlights Crude oil price started a steady increase above the $105.00 resistance. A key bullish trend line is forming with support near $113.70 on the 4-hours chart. Gold price is consolidating above the $1,900 Read more…
US indices pulled back from their highs overnight as bond yields continued to scream higher as Fed officials maintained their hawkish rhetoric. Wednesday US cash market close: The Dow Jones Industrial fell -448.96 points (-1.29%) Read more…
There is a strong positive correlation between the direction of WTI Crude Oil and USD/HUF After days of bullish news for Crude, WTI oil moved higher on 4 of the last 5 trading days. Let’s Read more…
In this technical blog we’re going to take a quick look at the Elliott Wave charts of GBPUSD. As our members know, the pair shows bearish sequences in the cycle from the June 1st 2021 Read more…
EURJPY is close to breaking above the previous high on June 1, 2021 at 134.12. A break above that level should create a bullish sequence from May 2020 low favoring further upside. Near term, cycle Read more…