Darren Morgan, Director of Economic Statistics at ONS, suggested that hot weather and an extra May bank holiday for the coronation of King Charles III helped to shake off further decline. Despite these factors, the cost-of-living crisis has been driven by the highest inflation in 4 decades, interest rate hikes on fixed-rate mortgages and a…
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Last week the Reserve Bank of Australia’s decision to hold at 4.1% came as a surprise to many participants given that a single hike was priced in. The Australian dollar made losses against most major currencies in the aftermath. The Bank of England delivered with another single hike, taking the bank rate to 5.25%. This…
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Absent any obvious support on the daily chart, technicians are likely to target the 38.2% and 61.8% Fibonacci retracement ratios derived from legs A-D at ¥141.33 and ¥139.74, respectively. Daily Chart: TradingView Weekly Alternate AB=CD Bearish Pattern Also in Play Interestingly, on the weekly timeframe, we can see that price action has also been working…
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Two of the most successful unicorns are driving the 2019 IPO market. Pinterest and Zoom are each set to price ahead shares of their respective initial public offerings (IPOs) on Thursday, April 18th, 2019. Pinterest will be trading on the New York Stock Exchange trading under the ticker sign PINS, while Zoom will trade on…
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Much of the Asian Market was closed for the annual Lunar New Year holiday. Ten year Treasury yields are at 2.716% - down -0.7bp. Nikkei and Topix closed at -0.19 and +0.10 respectively. The Nifty 50 up 0.10%. The ASX 200 rallied by almost 2%. Panasonic Corp earnings were disappointing Kao Corp indicated stronger sales…
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