EUR/GBP Falls Below Key Support on ECB Rate Cut Prospects
The EZ wage growth deceleration helps the case for another cut in September and although its UK counterpart pivoted this month, a back-back-to-back cut does not look easy
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The EZ wage growth deceleration helps the case for another cut in September and although its UK counterpart pivoted this month, a back-back-to-back cut does not look easy
The revenue surge of Xiaomi partly due to the successful EV entry provides support to HKG33 and helps it look overcome the Walmart JD stake sale, but technical hurdles loom
The pair found little help from the slowdown in Canadian CPI that strengthens the case for further easing, as optimism for Fed cuts prevails ahead of Fed Chair Powell speech
The pair runs its third straight profitable week, helped by aggressive Fed rate cut expectations and hawkish stance by the Reserve Bank of Australia
HKG33 rebounded after the poor weekly start, but trades with caution ahead of key resistance cluster, despite an acceleration in Chinese inflation
The Japanese index unraveled due to the BoJ rate hike and Yen rebound, but stages a rebound helped by dovish comments from BoJ officials
The pair accelerated its demise after soft US jobs report boosted calls for aggressive fed cuts and the BoJ stepped up its tightening efforts, but rebounds today on dovish BoJ commentary
Demand fears prevailed over geopolitics following the soft US jobs report that led to a growth scare and market rout
The tech-heavy slumps to correction territory as Friday’s jobs report sparked recession fears and boosted market pricing for aggressive rate cuts while Mag7 earning did not dispel AI bubble fears
The tech giant posted revenue growth and expects this to continue in the current quarter, but sales in China contracted as headwinds persist
The Facebook and Instagram parent company reported strong results which justifies its AI splurge, calming broader market fears of excessive spending on the new technology
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