The over 1% drop in the S&P 500 yesterday saw a daily close below its 50.0 Fib retracement level of the swing higher from October, seen at 3,796. That has been a level limiting further downside in the past week, before we headed into the Christmas break. But as we move towards the turn of

The major US in indices close lower as the end of year approaches. The so-called Santa Claus rally which encompasses the last five trading days of the year and the first two trading days of the new year is in day number three with two days ago to the end of the year. While three

Just to provide a bit of context, Ito is also touted to be a potential successor to Kuroda for the top job at the BOJ, and he has previously worked closely with Kuroda together at Japan’s finance ministry and was also Kuroda’s inspiration for adopting the 2% inflation Inflation Inflation is defined as a quantitative

With only three trading days left before the turn of the year, let’s take a look at how the dollar has performed against the rest of the major currencies bloc during the course of 2022. vs EUR: +6.5% vs JPY: +16.5% vs GBP: +11.1% vs CHF: +2.0% vs CAD: +7.0% vs AUD: +7.1% vs NZD:

I posted yesterday on : The other leg of this, allowing Chinese people to travel overseas, was not addressed by the announcement. However, the latest from Chinese state media is that: Chinese citizens’ applications for ordinary passports for tourism and visits abroad from January 8, 2023, said the China’s National Immigration Administration has said it’ll

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