AUD/USD: Corrective pullback fades around 0.6900, Taiwan, US inflation in focus
AUD/USD struggles to extend the week-start gains as the Aussie traders flirt with the 0.6900 threshold amid a risk-off mood during Monday’s Asian sess
Read More »August 7: Rivers run dry in Europe, Solana Hacked $200 million, Tesla Stock Split (Recap Ep187)
In this week’s recap, all the US Major indexes finished the best month since 2020. International markets ended mostly higher. On Monday, the SEC said charged 11 people for their…
Read More »OPEC+ meeting agrees minor production increase
USOIL, H4 Oil prices slipped ahead of the OPEC+ meeting as traders were not expecting anything more than a modest rise in output. Indeed a Bloomberg survey of traders and…
Read More »Market Update – July 29 – Stocks up, USD lower on final trading day of the month
USDIndex sinks again tanked to 105.75, from 106.80. The US is in a technical recession (2 consecutive quarters of contraction) after Q2 GDP -0.9% & (Q1 -1.6%), and GDP Inflation…
Read More »Japan Jibun Markit final manufacturing PMI July 52.1 (prior 52.7)
The flash for this is here: Japan Jibun Markit preliminary manufacturing PMI July 52.2 (prior 52.7) — A little slower rate of expansion in July but still well into expansion….
Read More »Taiwan is considering opening a representative office in Western Australia
Taipei has offices in Australia’s capital, Canberra, and in Sydney, Melbourne and Brisbane. Western Australia is the country’s largest exporter of iron ore (along with other minerals of course). While the Taiwan…
Read More »Recap December 26: Blackouts starting Europe, IMF simulates global financial collapse, signal for next financial crisis? (Recap Ep155)
In this week’s recap, US markets ended higher as strong economic data was released, helping ease investors’ concerns about the risks posed by Covid-19 & inflation. Consumer confidence jumped more…
Read More »Recap December 12: Govt’s practice cyberattack (blackout?), cryptos hacked again, Rich sell everything (Recap Ep153)
In this week’s recap, global markets rebound after 4 weeks in hopes that inflation data means the peak has been reached and that the omicron variant is less dangerous than…
Read More »Market Update – November 26 – B.1.1.529 – Risk Off
B.1.1.529 – RISK OFF – JPY, CHF & USD bid – AUD, NZD & CAD pressured – Stocks & Oil tank. (-2.5%) Treasuries in demand as yields slip. UK, Singapore,…
Read More »