As the US Non-Farm Payrolls (NFP) take center stage, this month’s data gains special attention, particularly after the unemployment rate took a concerning turn in the previous month. The US ADP Employment Change reveals a Read more…
DXY: The DXY chart currently shows a bearish overall momentum, indicating a potential for a bearish continuation in the price action. The 1st support level at 103.19 is considered an overlap support. This level holds Read more…
Today’s primary focus in the financial markets is US Non-Farm Payrolls report, which is keenly anticipated by investors assessing the “soft landing” scenario in the economy. The soft landing hypothesis implies that labor market is Read more…
Japan’s nominal pay growth rose by 1.5% yoy, surpassing the expected 1.0% yoy increase. This marked the fastest rate of increase since June. Regular or base salaries contributed to this increase with a 1.4% yoy Read more…
In a speech overnight, BoC Deputy Governor Toni Gravelle said the decision to maintain policy interest rate at 5% this week was an effort to “balance the risks of over- and under-tightening.” BoC aims to Read more…
Key insights from the week that was. Q3 GDP for Australia surprised to the downside, printing 0.2% (2.1%yr). Relative to expectations, the key disappointment in the quarter was consumer spending, unchanged in Q3 after just Read more…
The Japanese yen was the hero of the day on Thursday, adding over 1.7% against the dollar and 1.6% against the euro since the start of the day. The yen has been sided by Japan’s Read more…
EURCHF reversed from support level 0.9420 Likely to rise to resistance level 0.9500 EURCHF recently reversed from the strong support level 0.9420, which stopped the previous strong downtrend in the middle of October. The upward Read more…
CADJPY reversed from support level 104.60 Likely to rise to resistance level 107.00 CADJPY rising strongly after the price reversed up from the key support level 104.60, which reversed the price twice in July. The Read more…
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