Daily Pivots: (S1) 114.34; (P) 114.70; (R1) 114.95; More… The break of 114.30 minor support suggests that recovery from 113.47 has completed at 115.05. Intraday bias is back on the downside for 113.47. Break will target 112.52 structural support. Considering bearish divergence condition in in daily MACD, further break of 112.52 will confirm that it’s […]
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Tokyo’s November CPI data pointed to resurgence of inflation pressures in Japan, raising expectations for BoJ to tighten policy further. Tokyo Core CPI, excluding food, climbed from 1.8% yoy to 2.2% yoy, beating expectations of Read more…
Headlines on Thursday revealed that Israel may have violated the recent Gaza ceasefire just one day after it began, with reports of tactical military actions targeting areas not included in the agreement. Meanwhile, OPEC+ postponed Read more…
The shift to a more services-based economy increases economy-wide depreciation rates, and so the need to invest. Higher average interest rates – and economy-wide profit shares – are among the likely results. An important reason Read more…