HomeBlogAplenty Icon PublicationAustralian August 2024 Private Sector Credit +0.5% m/m (expected +0.5%)

Australian August 2024 Private Sector Credit +0.5% m/m (expected +0.5%)

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Sep 30, 2024

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Credit growth steady on the month both m/m and y/y.

Business credit expanding nicely.

This article was written by Eamonn Sheridan at www.forexlive.com.

The EURUSD and GBPUSD traded to a new year high. The USDJPY retraced most of the declines

Sep 30, 2024

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Both the EURUSD and the GBPUSD traded to new 2024 highs but at different points of the day. For the EURUSD it is extending above the 1.12000 level over the last few minutes of trading. That takes the pair to the highest level going back to July 2023 when the price high ultimately peaked at...

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China official PMI data: Manufacturing 49.8 (expected 49.5)

Sep 30, 2024

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China National Bureau of Statistics (NBS) data September PMIs Manufacturing 49.8 expected 49.5, prior 49.1 Non manufacturing 50.0 expected 50.4, prior 50.3 The focus on this data point today is low, its all about stimulus from China now. Its been ramped up and announcements continued over the weekend: More stimulus from China over the weekend...

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Further reading

USDCHF extends above the 200 day MA

Nov 16, 2024

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The USDCHF has moved up to a high of 0.88357. That is just short of a high swing area on the daily chart above at 0.88379. Get above that level and stay above, opens the door for more upside momentum. ON the downside, the closest risk is the 200 day...

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US 10 year yield looks to close at the highest level since July 1

Nov 16, 2024

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The high yield close for the 10-year note last week reached 4.433%. The current yield is currently at 4.4315%, up 12.3 basis points. A close above would be the highest close going back to July 1, 2024 when the close came in at 4.465%. This article was written by Greg...

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Gold Technical Analysis – It’s a make it or break it moment for gold

Nov 16, 2024

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Fundamental Overview Gold is now down almost 6% from the US election day. That shouldn’t be surprising as the last time we got a red sweep gold dropped by more than 16%. The reason is that a red sweep brings a more expansionary fiscal policy and should be not only...

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