The Pattern Pulse – 27 March 2025
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- March 27, 2025
OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 35 points. The U.S. job market strengthened in November, as employers added 266,000 jobs and unemployment matched a 50-year low, fueling the economic expansion. Global investors likely have a long wait before the
READ MOREThe Japanese yen strengthened slightly against the EUR as the markets reflected on the new stimulus package by Shinzo Abe. The $121 billion stimulus was the first since 2016 and will be used to repair the damage caused by the recent typhoon, upgrade infrastructure and invest in new technologies. These funds will be used in
READ MOREThe Canadian dollar gained against the USD during the Asian session as the market waited for the BOC decision that will be made later today. Analysts expect the central bank to leave rates unchanged at 1.75%. This will be the 9th straight meeting that the bank has not raised or slashed interest rates. This is
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 90 points. American shoppers increased their spending over the five-day shopping period between Thanksgiving Day and Cyber Monday, according to new data. President Trump’s comments at a NATO summit injected fresh uncertainty
READ MOREThe Australian dollar rose sharply after the RBA delivered its interest rates decision. The bank left interest rates unchanged at 0.75%. This was in line with what the market was expecting. In the accompanying statement, governor Lowe predicted that a combination of factors would propel the Australian economy higher. These are lower taxes, improving materials
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 90 points. President Trump said he would raise tariffs on steel and aluminum imports from Brazil and Argentina, surprising financial markets and opening a new front in the global trade war. The
READ MOREAustralian stocks rose as the market reacted to the Chinese manufacturing PMI. The data was released by China Logistics and Caixin. The data from China Logistics showed that the manufacturing PMI rose by 50.2. This was the first time the PMI has been above 50 since April this year. This optimism continued early today when
READ MOREAustralian stocks pared back record gains made this week in reaction to Donald Trump’s decision to sign bills in support of Hong Kong. These declines were led by major banks such as Westpac and ANZ, and big miners like BHP and Rio Tinto. China vowed to retaliate against Donald Trump’s decision as it summoned the
READ MOREThe kiwi continued to strengthen against the Australian dollar after the market received better-than-expected data. Business confidence in New Zealand came in at -26.4, which was better than the expected decline of -30.8. Business activity increased by 12.9%, which was higher than October’s decline of -3.5%. These numbers came a day after the market received
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 22 points. London’s decision to revoke Uber’s operating license opens a window into what drivers say has been a relatively common practice of sharing or renting out driver accounts at a number of ride-hailing apps.
READ MOREOPENING CALL: The Australian share market is expected to open flat. The SPI200 futures contract expected to open down 8 points. China offered its most positive message in recent weeks that trade talks with the U.S. were going smoothly after a phone call between the countries’ top negotiators, raising the prospects for a limited
READ MOREThe kiwi rose after Statistics New Zealand released the latest retail sales data. Retail sales rose at an adjusted rate of 1.6% in the September quarter. This was higher than the modest 0.2% in the June quarter. This jump was driven by increased electrical and electronic goods sales, which rose by 4.4% in the quarter.
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