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Markets US producer price inflation rose by 0.1% M/M in July for the headline number and stabilized for the gauge excluding food and energy. Both were below consensus (+0.2% M/M), resulting in sharper-than-expected drops in the Y/Y-figures. Headline PPI printed at 2.2% from 2.7% and core PPI at 2.4% from 3%. Details showed a discrepancy […]

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24/04/2024

Slow Grind on Disinflation, RBA on Hold

Inflation was a bit higher than expected in the March quarter. It is declining, but it has a way to go for the RBA to be confident of returning to the 2–3% target range on the desired timetable. We expect the Board to keep rates on hold in May, and have pushed out the date […]
11/09/2024

Elliott Wave Update: USD/JPY Moving into 138.00-140.00 Zone

USD/JPY is finally topping out this year at our 162-164 resistance area, where we called the end of a big ending diagonal on the daily chart. Notice that the price is now falling sharply and impulsively through the lower trendline support and straight, all the way down to the starting point of the wedge pattern, […]
03/07/2024

Gold Retains Positive Attitude

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