U.S. Highlights There was no reprieve in U.S. data this week for those concerned the economy is running too hot for the Federal Reserve to deliver imminent interest rate relief. Expectations for multiple rate cuts have been greatly pared back since the start of the year and this week’s data will only reinforce that. This […]
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Dollar Index (DXY) has reached 100% Fibonacci extension from 7.17.2023 low and ended the cycle. The rally is unfolding as a double three Elliott Wave structure. Up from 7.17.2023 low, wave (W) ended at 107.34 Read more…
Japan’s industrial production rose by 3.0% mom in October, marking the second consecutive month of growth but falling short of market expectations of a 3.9% mom increase. This uptick is nonetheless an improvement from September’s Read more…
Tokyo’s November CPI data pointed to resurgence of inflation pressures in Japan, raising expectations for BoJ to tighten policy further. Tokyo Core CPI, excluding food, climbed from 1.8% yoy to 2.2% yoy, beating expectations of Read more…