Large-scale graph: In the main wave of the downward trend, the unfinished ascending segment of the H4 scale from the middle of August forms a correction. In the model structure, the first 2 parts (A-B) are clearly traced. Medium-scale graph: The rising wave of January 12 is spent most of the time moving sideways on…Details
The Q4 Bank of Japan Tankan Survey of manufacturing and service companies, designed to assess business conditions in Japan. The BOJ Tankan is conducted quarterly.
The Federal Open Market Committee meeting December 19 an 20 is about how many interest rate hikes there will be in 2020 Sound about right, yep. More: – expects Fed to lower growth and rate increases for next year Forecasts from MS:Details
A beat for the ‘headline’ result Tankan Large Manufacturing Index, 19. Matches Q3 and a beat of estimate. – expected 18, prior was 19 Tankan Large Non-Manufacturing Index, 24. Beat here also, and ahead of Q3.Details
Reuters latest poll of economists on the US economy and Federal Reserve Citing: (flattening yield curve suggests investors believe economic growth and inflation will slow)Details
BOJ buying 430bn yen of bonds with 5 to 10 years remaining unitl maturity – a cut from last time around when the bought 450bn yen If you are chasing a narrative for why yen is up , there is one for you (note the auction results came out after the yen had gained, so…Details
Oil prices rose slightly on Monday after falling more than 2 percent on Friday, weighed down by a falling U.S stock market and weak data from China pointing to lower fuel demand. Prices remained supported after energy services firm Baker Hughes said U.S. drillers cut four oil rigs in the week to Dec. 14, pulling…Details
Gold prices inched higher on Monday as the dollar weakened slightly ahead of key central bank meetings this week, with the Fed widely expected to raise its benchmark interest rates Wednesday by 25 basis points. Spot gold rose 0.23 percent to $1,239.86 per ounce after closing at its lowest level since Dec. 4 at $1,232.39…Details