Personal income was up 0.5% month-on-month (m/m) in February, on par with consensus expectation. January growth was revised up to +0.4% m/m from a flat reading. Compensation of employees (+0.6% m/m) remains the driving force of higher income, with both private and government sector wages rising. Removing the effect of price changes and taxes, real […]
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Markets The PMI’s on Friday again highlighted the divergence in growth and confidence between the US and EMU. The glimmers of hope some optimists saw in the October EMU PMI reading where brutally rejected by Read more…
Daily Pivots: (S1) 192.90; (P) 193.85; (R1) 194.86; More… Intraday bias in GBP/JPY remains on the downside for the moment. Current development suggests that corrective rise from 180.00 has completed with three waves up to Read more…
Daily Pivots: (S1) 159.94; (P) 161.21; (R1) 162.53; More…. Intraday bias in EUR/JPY remains on the downside for the moment. Current development suggests that corrective rebound from 154.40 has completed with three waves up to Read more…