Daily Pivots: (S1) 0.8301; (P) 0.8326; (R1) 0.8373; More… EUR/GBP’s rally from 0.8221 accelerates higher today and intraday bias stays on the upside for 0.8446 key resistance. Strong resistance might be seen there to limit Read more…
Sterling plunged across the board as the sharp selloff in UK government bonds sent shockwaves through financial markets. Yields on 10-year gilts surged to their highest levels since August 2008, while 30-year yields reached a Read more…
BoJ, in its latest Regional Economic Report, upgraded its economic outlook for two of Japan’s nine regions—Tohoku and Hokuriku—citing signs of moderate recovery. The assessment for the remaining seven regions was left unchanged, with all Read more…
Australia’s retail sales increased by 0.8% mom in November, falling short of market expectations for 1.1% mom rise. Despite the miss, all retail industries recorded growth during the month, reflecting the ongoing impact of Black Read more…
China’s inflation decelerated again in December, with the CPI rising only 0.1% yoy, matching expectations and marking the slowest pace since April. This brings full-year inflation for 2024 to 0.2%, far below the official target Read more…
Japan’s real wages fell by -0.3% yoy in November, marking the fourth consecutive monthly decline as wage growth failed to outpace inflation again. While nominal wages rose by a robust 3.0% yoy—beating expectations of 2.7% Read more…
Markets Markets took aim at UK assets. Both gilts and sterling suffered steep losses. Yields soared another 4.5-11.3 bps. The 10-yr yield (+11.3 bps to 4.79%) surpassed the previous post-pandemic highs to hit the highest Read more…
The selloff in US treasuries continued yesterday over concerns that Donald Trump’s presidency would boost spending and inflation in the US, and make the Federal Reserve’s (Fed) job of bringing inflation back to the 2% Read more…
Short Term Elliott Wave view in S&P 500 (SPX) suggests the rally to 6099.6 ended wave ((3)). Pullback in wave ((4)) is currently in progress to correct cycle from December 22, 2022 low. Internal subdivision Read more…
Key Highlights NZD/USD started a fresh decline below the 0.5750 level. It traded below a short-term rising channel with support at 0.5610 on the 4-hour chart. EUR/USD is again under pressure and might revisit the Read more…