It was up around 0.4% in early morning trade in Europe, before the gradual retreat in the last few hours. Tech shares are still the […]
Nasdaq Composite Technical AnalysisNasdaq Composite Technical Analysis
Yesterday, the Nasdaq Composite extended the rally following the weaker than expected US PMIs. The commentary was a mixed bag though as there was good […]
UK April CBI trends total orders -23 vs -16 expectedUK April CBI trends total orders -23 vs -16 expected
Prior -18 The UK manufacturing order book balance falls in April to its lowest since January. But at least the good news is that the […]
For Japan, silence is golden – at least for nowFor Japan, silence is golden – at least for now
We’re approaching early evening in Tokyo and there hasn’t been any meaningful verbal pushback by Japanese officials today. Typically, you’d see them come out in […]
Copper Technical AnalysisCopper Technical Analysis
Copper has been supported amid a global growth impulse in Q1 due to rate cuts expectations, more PBoC easing and stronger economic data. Yesterday, we […]
Japan senior lawmaker says yen slide towards 160 could prod actionJapan senior lawmaker says yen slide towards 160 could prod action
The comment is from Takao Ochi of the ruling Liberal Democratic Party, a senior member of the Lower House Financial Affairs Committee. Adding that the […]
Switzerland April UBS investor sentiment 17.6 vs 11.5 priorSwitzerland April UBS investor sentiment 17.6 vs 11.5 prior
Prior 11.5 Swiss investor sentiment picks up further in April with analysts also anticipating more SNB rate cuts than they had in January. The current […]
Germany April Ifo business climate index 89.4 vs 88.8 expectedGermany April Ifo business climate index 89.4 vs 88.8 expected
Prior 87.8; revised to 87.9Current conditions 88.9 vs 88.7 expectedPrior 88.1; revised to Expectations 89.9 vs 88.7 expectedPrior 87.5; revised to 87.7 It is beats […]
FX traders have got their popcorn bags outFX traders have got their popcorn bags out
Will Japan intervene or won’t they? It’s definitely not ideal as we look towards European trading, where liquidity conditions will start to pick up. And […]
USD/JPY but a whisker away from the pivotal 155 markUSD/JPY but a whisker away from the pivotal 155 mark
The pair is up to a high of 154.94 and is holding thereabouts ahead of European trading. Japanese officials are surely keeping a close watch […]