decline

China’s smartphone exports fell 6.4% in the January to October period from a year earlier. exported 642 million smartphones in the 10 months ended Oct. 31 exports +10% y/y to 81.1 million in October alone Data comes via China’s General Administration of Customs in a report China state-owned media from Yicai Global, a financial news

Share: Economists at Danske Bank expect the USD/JPY pair to nosedive over the coming months. Turnaround in US yields to weigh on USD/JPY We forecast USD/JPY to decline below 140 on a 6-12M horizon. This is primarily because we believe that long US yields have reached their peak.  We expect yield differentials to

Adam posted on the news on Thursday, in summary three officials of the Federal Reserve, Board Governors Cook, Kugler and Jefferson said “the size of the balance sheet could decline considerably further before reserves reach the level consistent with the ample reserves operating framework” Adam’s post here: The language used by the Governors seems innocuous

Oil set for third weekly decline as Middle East conflict concerns ebb FULL STORY Oil prices were up slightly on Friday but are set to fall for a third week as concerns of supply disruptions from the Israel-Hamas conflict have ebbed, allowing demand worries to reassert themselves. “The threat of disruptions to supplies from the

Share: In the third quarter, the Eurozone economy contracted by 0.1% compared to the second quarter. Economists at Rabobank expect that the Eurozone will enter a mild recession, followed by a period of sluggish growth. The start of a recession? The Eurozone economy contracted by 0.1% in the second quarter, with a wide

Share: Short Term Elliott Wave in Boeing (BA) suggests the decline from 8.1.2023 high is unfolding as a 5 waves impulse. Down from 8.1.2023 high, wave 1 ended at 212.88 and wave 2 rally ended at 231.17. The stock then extends lower in wave 3 towards 182.55, and wave 4 rally ended at

Share: Australian Dollar snaps the losing streak due to a rise in monthly CPI. Australia’s inflation reported a reading of 5.2% as expected, up from the 4.9% prior. US Dollar (USD) trades around 106.30, the highest since December. Upbeat US Treasury yields are contributing support for the Greenback. The Australian Dollar (AUD) looks

Share: EUR/USD risk extra losses below 1.0630, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Key Quotes 24-hour view: We expected EUR to consolidate in a range of 1.0645/1.0695 yesterday. EUR then traded in a range of 1.0653/1.0698 before closing at 1.0690 (+0.33%). The underlying tone has firmed

Euro News and Analysis Dollar dip sends EUR/USD higher at the start of a busy week IG client sentiment favors a bearish continuation despite the recent reprieve EUR/GBP frustratingly non-directional within broader sideways channel The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our

Stoxx 600 daily Closing changes: Stoxx 600 +0.2% German DAX +0.1% UK FTSE 100 +0.5% French CAC +0.6% Italy MIB +0.3% Spain IBEX +0.6% Weekly: Stoxx 600 -0.8% German DAX -0.7% UK FTSE 100 +0.2% French CAC -0.8% Italy MIB -1.4% Spain IBEX -0.9% I don’t think there is a big takeaway from this week’s