Yen Strengthens on Rate Hike Expectations; Euro Tests Recent Lows
USD/JPY Over the past week, the USD/JPY pair dropped by approximately 500 pips. As anticipated, […]
AUD/USD and NZD/USD Under Pressure, Downtrend Persists
AUD/USD declined below the 0.6500 and 0.6455 support levels. NZD/USD is also moving lower and […]
Relaxed into French No-Confidence Vote
South Korea briefly stole the light from the French political chaos after President Yoon suddenly […]
French Politics in Limbo as Barnier Faces No-Confidence Vote
In focus today The no-confidence vote against French PM Michel Barnier is set to take […]
China’s Caixin PMI services falls to 51.5, manufacturing boosts composite index to 52.3
China’s Caixin PMI Services dropped to 51.5 in November from 52.0, missing market expectations of […]
Japan’s PMI services shows renewed growth, composite activity marginally improves
Japan’s services sector returned to growth in November, with PMI Services index finalized at 50.5, […]
ECB’s Holzmann: Modest rate cut possible next week, not more
Austrian ECB Governing Council member Robert Holzmann indicated in an interview with Austria’s Oberösterreichische Nachrichten […]
Fed officials signal neutral policy path but keep December decision open
Several Fed officials shared their views overnight but avoided giving specific guidance on what to […]
First Impressions: Australian National Accounts, September Quarter 2024
The Australian economy grew by a sluggish 0.3% in the September quarter, with increased government […]
Elliott Wave View: USDJPY Impulsive Decline Favors More Downside
Short Term Elliott Wave structure in USDJPY suggests that rally to 156.76 ended wave X. […]
Bitcoin Uphill Climb: Can The King of Crypto Break Through?
Key Highlights Bitcoin price started a consolidation phase below the $100,000 zone. A connecting bearish […]
Australia’s Q3 GDP expands 0.3% qoq, marking continued economic slowdown
Australia’s GDP grew by 0.3% qoq in Q3, falling short of expectations for a 0.5% […]