Labour market figures this morning have kicked off a big week of economic data for the UK in a promising way, with wage growth a particular highlight from the report. For a long time now, Read more…
US equity indices declined in the first five trading sessions of January. This dynamic promises a challenging year for the stock market, according to the old “first five days” rule. Identifying a defining trend would Read more…
Markets With US markets closed for Martin Luther King Day, Europe was obliged to find its own intraday dynamics. After a sharp US driven (softer PPI’s) yield decline on Friday, German rates gapped higher at Read more…
Daily Pivots: (S1) 184.82; (P) 185.29; (R1) 185.98; More… GBP/JPY is staying in tight range despite today’s dip and intraday bias remains neutral. Further rally is in favor as long as 182.73 minor support holds. Read more…
Daily Pivots: (S1) 0.8591; (P) 0.8601; (R1) 0.8616; More… EUR/GBP is staying in tight range above 0.8585 and intraday bias remains neutral. Further decline is expected as long as 0.8638 minor resistance holds. On the Read more…
Daily Pivots: (S1) 1.2705; (P) 1.2735; (R1) 1.2758; More… GBP/USD is staying in range of 1.2611/2826 despite today’s decline. Intraday bias remains neutral first. On the upside, decisive break of 1.2826 will resume whole rally Read more…
UK payrolled employment fell -0.1% mom, or -24k in December. Annual growth in employees fell from 1.3% yoy to 1.0% yoy. Median monthly pay increased by 6.6% yoy, up from prior month’s 6.5% yoy. Claimant Read more…
Ongoing hostilities in the Middle East region and the Red Sea shipping route have put a potential “floor” in oil prices due to the increasing risk of supply disruptions. The demand side has remained weak Read more…
I sense that the first quarter of this year will be marked by the realization that it’s too early for the central banks to cut the interest rates unless something really bad – like another Read more…
In focus today Today, focus is on German ZEW data for January and final inflation figures for December. The final HICP figures include details on inflation components that will provide important information about the underlying Read more…