The headline: Westpac Leading Index for June +0.11% m/m (prior -0.26%). More attention is paid to the Leading Index growth rate, as below: Westpac’s summary from their report: The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of Australian economic activity relative to trend three to nine months
Asian markets presented a subdued trading environment today, despite overnight rallies in their US counterparts. A notable exception is that Hong Kong’s stock market underwent a significant tumble, taking a step back after a day off. Elsewhere, indices generally hovered around flat levels within a tight range. In the realm of currencies, most major pairs
In this article GSBD Follow your favorite stocksCREATE FREE ACCOUNT Skyline of lower Manhattan and One World Trade Center in New York City and the Water’s Soul sculpture on July 11, 2023, in Jersey City, New Jersey. (Photo by Gary Hershorn/Getty Images) Gary Hershorn | Corbis News | Getty Images Goldman Sachs revised down the
In this article BAC Follow your favorite stocksCREATE FREE ACCOUNT Brian Moynihan, CEO of Bank of America Corp., during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., Sept. 22, 2022. Al Drago | Bloomberg | Getty Images Bank of America on Tuesday posted second quarter profit and revenue that edged out
Share: The AUD/USD traded in the 0.6790 – 0.6838 range, holding daily gains. Retails Sales in the US increased in June but were below expectations. RBA minutes showed board members adopted a cautious stance. On Tuesday, the USD faced additional selling pressure following soft Retail Sales and Industrial Production data from June, which helped the AUD/USD
Oil prices were little changed on Tuesday as investors weighed a possible tightening of U.S. crude supplies against weaker-than-expected Chinese economic growth. Both benchmark contracts had fallen more than 1.5% on Monday following lacklustre economic data from China, the world’s largest oil importer, as well as the partial restart of some Libyan oilfields. Brent crude
The USDJPY has tried to move above its 100 hour moving average at 138.457 (blue line in the chart below). The price moved above that moving average during trading yesterday, and could not sustain the momentum. Today, the price tried again but again failed. Getting and staying above that level is key if the buyers
> US business inventories for May +0.2% versus 0.2% expected US business inventories for May 2023 Prior month 0.2% revised to 0.1% Business inventories 0.2% versus 0.2% expected Retail inventories ex autos -0.1% versus -0.3% last month In May, the combined value of distributive trade sales and manufacturers’ shipments reached an estimated $1,822.1 billion. This
Canadian Dollar is having a mild slump in early US session following lower-than-expected headline CPI reading. However, the currency’s slide was largely restrained, primarily due to the base-year effects of gasoline prices contributing to the deceleration in consumer inflation. Concurrently, Australian and New Zealand Dollars also experienced a slight dip amid mixed risk sentiment. Euro,
Michael Barr, vice chair for supervision of the board of governors of the Federal Reserve, testifies during a House Committee on Financial Services hearing on Oversight of Prudential Regulators, on Capitol Hill in Washington, DC, on May 16, 2023. Mandel Ngan | AFP | Getty Images The Federal Reserve’s top banking regulator expressed caution Tuesday
In this article MS Follow your favorite stocksCREATE FREE ACCOUNT CEO of Morgan Stanley James Gorman speaks in New York, May 6, 2014. Getty Images Morgan Stanley reported second-quarter earnings before the opening bell Tuesday. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
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Caroline Pham, the Commodities Futures Trading Commission (CFTC) Commissioner, believes the path to United States crypto regulatory clarity has been laid out following Ripple’s partial victory. Speaking on Bloomberg TV on July 17, Commissioner Pham said recent big court decisions regarding the classification of crypto assets will eventually lead to regulatory clarity. “You know, last
Share: The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has been trading within a tight channel during the past year, hovering between the $420 and $375 per share marks. This trading range could be seen as ‘indecision’ from broader market participants, and only ‘directional’ data can bring certainty for these same participants to push the market
Gold prices struggled for momentum in early Asian trading on Tuesday, as traders awaited a U.S. Federal Reserve meeting due next week for clues about its monetary tightening path. * Spot gold was little changed at $1,955.24 per ounce by 0110 GMT. U.S. gold futures gained 0.1% to $1,958.80. * The dollar was steady at
The AUDUSD has a unique symmetry that has retracement levels of the sharp move lower in June equal to the retracement levels of the sharp move higher in July in the pair (you have to see it on the video to believe it). The AUDUSD pair did move up last week and tested the swing