Kelvin-Wong

Kelvin-Wong

Hello good morning & good day to all! There seems to be an error for these 2 Japan econ data when we chart on Trading View, Japan Tokyo CPI Ex Food And Energy (JPTCPIEFA) & Japan Tokyo Core CPI (JPTCCPI). Previously, these 2 data have been presented in index values but it seems that yesterday, their format has been changed to y/y % for the last 2 months but does...

Kelvin-Wong

AMEX:XHB US housing market, a key contributor to US economic growth via the wealth effect that will trickle down to consumer spending & confidence. We can decipher its impact on the overall stock mkt via sentiment/technical analysis on2/2 The recent rally of the $XHB from 19 Oct 22 low to 22 Nov 22 has been accompanied by declining volume & underperformance...

Kelvin-Wong

Short-term: bullish Medium-term: bullish Long-term (3 to 6 months): bearish Technicals + 2 YR sovereign yield spreads are supportive of a potential bullish reversal for the US Dollar Index $DXY as long as 104.75 MT pivotal support holds. Above 110.20 is required for a test on 114.80/117.10 key LT pivotal resistance zone where the $DXY may start to kickstart a...