China NBS Non-Manufacturing PMI below forecasts (50.6) in May: Actual (50.3)
China NBS Non-Manufacturing PMI below forecasts (50.6) in May: Actual (50.3)
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China NBS Non-Manufacturing PMI below forecasts (50.6) in May: Actual (50.3)
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By Kevin Buckland TOKYO (Reuters) -The Australian dollar rose to its highest level this year on Tuesday as the central bank reiterated its determination to tame stubborn inflation, while the yuan climbed to a 16-month peak after fresh stimulus steps from China. The Reserve Bank of Australia kept interest rates steady as widely expected, but…
The Relative Strength Index (RSI) is a popular momentum indicator in technical analysis, offering traders powerful insights into market behavior. Used effectively, RSI trading strategies can help traders achieve consistent success by identifying potential buying and selling opportunities. In this article, we’ll break down three proven RSI trading strategies you can incorporate into your trading…
The TL;DR summary: Tokyo core CPI slowed to 2.3% y/y in Dec (vs. prev 2.8%, exp 2.5%), driven by lower energy and utility costs. Core-core CPI eased to 2.6% y/y (prev 2.8%), but remains above the BOJ’s 2% target, signalling persistent demand-side pressure. Headline CPI cooled to 2.0% y/y (prev 2.7%), marking the first clear…
Fed Governor Christopher Waller expressed optimism about the US inflation outlook during an interview with CNBC, signaling that rate cuts may be on the table sooner than previously anticipated. Waller highlighted the positive inflation data released yesterday, describing it as “very good.” He suggested that, if this trend continues, “it’s reasonable to think rate cuts…
US stocks continued to rise on Thursday as expectations of tariff cuts from major trading partners triggered a rally in US capital markets. The Dow Jones Index (US30) was up 0.62%. The S&P 500 Index (US500) gained 0.58%. The Nasdaq Technology Index (US100) closed higher by 0.98%. President Trump unveiled a trade deal with the…
The upcoming trading sessions are packed with key events, potentially triggering heightened volatility in major currency pairs. This morning, the Bank of Japan held its meeting, the Federal Reserve will announce its decision this evening, and tomorrow, the Swiss National Bank and the Bank of England are scheduled to meet. This mix of news could…