NZDUSD Needs to Surpass 0.6200 for More Bullish Actions
NZDUSD is testing the 0.6200 psychological mark once again after it broke the long-term descending […]
EUR/USD Extends Yesterday’s Advance, Count Down to the November PMIs
Markets Risk-on held the upper hand during an initially choppy trading session yesterday. Stocks finished […]
Elliott Wave View: Silver (XAGUSD) 5 Waves Down Suggests Further Downside
Short term Elliott Wave View in Silver (XAGUSD) suggests cycle from 7.14.2022 low completed as […]
No Recession, But Slow and Low Growth
The OECD said the global economy will avoid a recession this year, and next year, […]
EU Proposes Gas Price Cap
Market movers today The most important data releases today will be the November Flash PMIs […]
NASDAQ 100 Index Technical Outlook: Room to Rise Further
The retreat since last week in the Nasdaq 100 index doesn’t appear to be the […]
AUD/NZD extending decline after RBNZ
AUD/NZD is extending the decline from 1.1489 after RBNZ’s rate hike today. For the near […]
Australia PMI composite dropped to 47.7, deteriorating demand and worsening price pressures
Australia PMI Manufacturing dropped from 52.7 to 51.5 in November, a 29-month low. PMI Services […]
RBNZ hikes 75bps to 4.25%, tightening not finished
RBNZ raises the Official Cash Rate by a record 75bps to 4.25% as widely expected. […]
(RBNZ) Higher interest rates necessary
The Committee agreed that the OCR needs to reach a higher level, and sooner than […]
First Impressions: RBNZ Monetary Policy Statement November 2022
The Reserve Bank raised the Official Cash Rate by a record 75 basis points to […]
France PMI composite dropped to 48.8, vital support from services ended
France PMI Manufacturing improved from 47.2 to 49.1 in November. But PMI Services dropped from […]