Author: FX

Both Coinbase and EUR/JPY are seeing upswings this week! Will key resistance levels on the daily time frame limit the bulls’ hustle? See what’s up on their charts! Coinbase Global Inc. (COIN): Daily COIN Daily Equities Chart by TradingView First up is Coinbase Global Inc. (COIN), which just announced that it was laying off 20% of its staff. The stock was unbothered, though, as it extends its bounce from $32.00 to its current $43.00 prices. COIN buyers better watch out for the $46.00 handle that was a key support in mid-2022 and an area of interest in November to December.…

2/2 © Reuters. Patients receive IV drip treatment at a hospital, amid the coronavirus disease (COVID-19) outbreak, at a village in Tonglu county, Zhejiang province, China January 9, 2023. REUTERS/Staff 2/2 By Bernard Orr and Brenda Goh BEIJING (Reuters) – Chinese state media defended on Wednesday the retaliatory measures against South Korea and Japan over their COVID-19 travel curbs as “reasonable”, while Chinese tourists decried Seoul’s “insulting” treatment on social media. China re-opened its borders on Sunday after three years of isolation under the world’s strictest regime of COVID restrictions, which Beijing abruptly began dismantling in early December after historic…

The data from Australia today was for:ANZ on the retail sales data:Australia’s retail sales jumped 1.4% m/m in Nov, and Oct was revised up from -0.2% to +0.4%. A strong result, but weaker than growth in Nov 2020 (+6.1% m/m) & 2021 (+6.4% m/m). Signal also includes the “noise” that retail was likely a higher % of Nov spend.I don’t think a comparison with November ’20 and ’21 is valid given both of those months saw a surge in spending on exit from lockdowns (yes, lockdowns went on and on in Australia). ANZ on the jobs data:Job vacancies stayed very…

The People’s Bank of China (PBOC) is seen cutting the reserve requirement ratio (RRR) and the over-five-year Loan Prime Rate (LPR) further in 2023, “as authorities implement “accurate and forceful” monetary policy,” China Securities Journal reported, citing experts. Additional quotes “To support the real estate sector, cuts to the over-five-year LPR are likely, with Beijing conducting “targeted rate reduction” to help with the property sector recovery.“ “On the demand side, conditions for buyers will be promoted, such as lowering down payment ratios and reducing the interest rate of mortgage loans.“ “Stable economic growth and employment are the current primary focus…

© Reuters. FILE PHOTO: The Apple Inc logo is seen at the entrance to the Apple store in Brussels, Belgium November 28, 2022. REUTERS/Yves Herman (Reuters) – Apple Inc (NASDAQ:) is planning to start using its own custom displays in its mobile devices from 2024 onwards in an attempt to bring more components in-house, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.Apple did not immediately respond to a Reuters’ request for comment. Source link

HJBC/iStock via Getty Images The U.S. Consumer Product Safety Commission is considering plans to regulate and possibly ban natural gas stoves, agency commissioner Richard Trumka Jr. told Bloomberg in an interview, citing pollutants which have been linked to childhood asthma and other respiratory problems. “Any option is on the table,” Trumka said, describing the pollutants as a “hidden hazard.” A recent study in the International Journal of Environmental Research and Public Health found that nearly 13% of current childhood asthma in the U.S. is attributable to the use of indoor gas stoves. Other studies have found gas stoves emit air…

The quarterly Job Vacancies Survey from Australia. Key statistics, seasonally adjusted estimates for November 2022:Total job vacancies were 444,200, a decrease of 4.9% from August 2022.Private sector vacancies were 396,800, a decrease of 6.0% from August 2022.Public sector vacancies were 47,400, an increase of 6.0% from August 2022.Prior data, for August 2022:Total job vacancies were 470,900, a decrease of 2.1% from May 2022.Private sector vacancies were 425,500, a decrease of 3.3% from May 2022.Public sector vacancies were 45,300, an increase of 10.5% from May 2022.—-Monthly jobs data has still been solid in Australia. This data point is not as focused…

JHVEPhoto Eli Lilly (NYSE:LLY) believes that its diabetes medication Mounjaro (tirzepatide) will gain an additional indication to treat obesity as early as the end of this year, according to CFO Anat Ashkenazi. Speaking at the J.P. Morgan Healthcare Conference, Ashkenazi added that the company is building a “well of evidence” to demonstrate that Mounjaro can do more than just help individuals lose weight. This includes data on benefits for obstructive sleep apnea, heart failure, and kidney disease. Ashkenazi hinted that this data could be used to differentiate Mounjaro from Novo Nordisk’s (NVO) Wegovy (semaglutide). In a phase 3 trial, tirzepatide…

US Dollar, DXY, Fed Outlook, Jerome Powell, CPI – Asia Pacific Market OpenUS Dollar flat as Jerome Powell offers no new meaningful updatesThe DXY Dollar Index support breakout has been lackluster so farAustralian Dollar now eyeing local monthly inflation gauge next Recommended by Daniel Dubrovsky Get Your Free USD Forecast Asia-Pacific Market Briefing – Powell Underwhelms, Focus on CPIThe US Dollar marked time in what was a fairly quiet trading session on Tuesday. Traders were eagerly anticipating a speech delivered by Federal Reserve Chair Jerome Powell during the Wall Street trading session. But, when the time came, he did not…

NZD/USD remains sidelined inside a short-term symmetrical triangle formation. Sustained trading beyond the key HMAs, steady RSI favor buyers. Sellers need to break 0.6190 to dominate further. NZD/USD makes rounds to 0.6370-75 during early Wednesday, after snapping a two-day uptrend near a monthly top the previous day. In doing so, the Kiwi pair remains inside a symmetrical triangle formation connecting multiple levels marked since Monday. Not only the immediate triangle but the steady RSI (14) also portrays the Kiwi pair’s latest inaction. However, the quote’s successful trading above the 100 and 200 Hourly Moving Averages (HMAs) join the above 50…