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AUD/USD short-term uptrend intact supported by China’s growth spurt
China’s Q1 GDP growth, retail sales, and industrial production continue to expand. Less aggressive monetary policy easing is needed from China’s central bank PBoC. AUD/USD short-term uptrend remains intact above 0.6645 key support. The growth spurt from China reopening from its abandonment of stringent COVID-zero policy and implementation of stimulative policies late last year have continued to bear fruition. Today’s release of key China data indicates a robust internal economic environment cou
by Kelvin Wong
A rebound in inflationary expectations may act as a headwind for US tech equities
An increase in expectations for a fresh Fed funds rate cut cycle to start as early as July this year has benefitted US tech equities. Forward-looking inflationary expectations in the US have ticked up but seem under-priced. Recent up move in Nasdaq 100 has started to involve into a potential bearish reversal configuration. The recent turmoil in the regional US banking sector has triggered a credit crunch in the US economy, reinforcing the shrinkage of aggregate demand that increases the odds o
by Kelvin Wong
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