Daily Pivots: (S1) 157.32; (P) 157.70; (R1) 158.42; More… USD/JPY’s rally is trying to resume by breaching 157.91 temporary top and intraday bias is back on the upside. Rise from 139.57 is extending to 61.8% Read more…
Yen saw broad declines during Asian session, briefly falling below 158 against Dollar, but the selloff was quickly mitigated by verbal intervention, as least partially. The decline was triggered by weaker-than-expected Tokyo inflation data. Stripping Read more…
Those glued to their screens, hoping for Santa’s arrival, were left disappointed. The major US indices weren’t in good shape yesterday even after a mixed bag of US jobs data showed that the continuing jobless Read more…
BoJ Summary of Opinions from its December 18–19 meeting revealed a divided board on the timing of monetary policy normalization. While some members advocated for action soon, citing upside risks to prices, others expressed caution Read more…
Japan’s industrial production declined -2.3% mom in November, outperforming expectations of a -3.4% mom drop, but marking the first contraction in three months. The decrease was driven by weaker exports of semiconductor manufacturing devices and Read more…
Japan’s Tokyo core CPI (excluding food) rose from 2.2% yoy to 2.4% yoy in December, marking its highest level since August but falling short of expectations for 2.5%. The increase was largely driven by a Read more…
Key Highlights USD/JPY started a fresh increase above the 156.00 resistance zone. A major bullish trend line is forming with support at 156.80 on the 4-hour chart. EUR/USD is still consolidating below the 1.0450 resistance Read more…
Short Term Elliott Wave view of EURGBP suggests decline from 8.8.2024 high ended as wave (1) at 0.8219 as an impulse. Down from 8.8.2024 high, wave 1 ended at 0.8295 and rally in wave 2 Read more…
For over four decades, Disney (DIS) has become a special part of Christmas morning for many families across the globe. Disney’s Christmas Day parade, which often features musical performances, Disney character appearances, floats, etc., has Read more…
Housing is a significant expense for Americans of all ages, consuming a considerable portion of household budgets. Because housing costs have nearly doubled over the past decade while wages have stagnated, it is difficult for Read more…