Japan’s annual labor negotiations, known colloquially as “Shunto” or the “spring wage offensive,” have culminated in a remarkable outcome this year, with major firms agreeing to a pay increase of 5.28%—the highest in 33 years. Read more…
Markets US Treasuries sold off for a third straight session yesterday with eco data strengthening the case for a hawkish tone at next week’s FOMC meeting. Risks are significantly tilting to a first rate cut Read more…
Daily Pivots: (S1) 188.65; (P) 189.09; (R1) 189.57; More….. Intraday bias in GBP/JPY remains neutral for the moment. On the downside, below 187.94 will resume the decline from 191.29 to 38.2% retracement of 178.32 to Read more…
Daily Pivots: (S1) 161.04; (P) 161.48; (R1) 161.84; More… Intraday bias in EUR/JPY stays neutral at this point. On the downside, below 160.20 will resume the fall from 163.70 to 38.2% retracement of 153.15 to Read more…
Daily Pivots: (S1) 0.8526; (P) 0.8542; (R1) 0.8549; More… Intraday bias in EUR/GBP remains neutral for the moment. On the downside decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target Read more…
Daily Pivots: (S1) 1.6507; (P) 1.6538; (R1) 1.6569; More… Intraday bias in EUR/AUD remains neutral for the moment. On the downside, decisive break of 1.6450 support will argue that whole rebound from 1.6127 has completed Read more…
Daily Pivots: (S1) 0.9609; (P) 0.9619; (R1) 0.9629; More… Intraday bias in EUR/CHF remains neutral and further rally is expected with 0.9510 support intact. On the upside, break of 0.9630 will resume the rise from Read more…
Yesterday’s mix of economic data – which pointed at higher-than-expected inflation and lower-than-expected spending in the US – finally broke the Federal Reserve (Fed) doves’ and the equity bulls’ back for at least a day. Read more…
Daily Pivots: (S1) 1.0858; (P) 1.0907; (R1) 1.0932; More… EUR/USD’s break of 55 4H EMA (now at 1.0900) indicates short term topping at 1.0980. Intraday bias is back on the downside for 1.0797 support. Firm Read more…
Daily Pivots: (S1) 1.2715; (P) 1.2769; (R1) 1.2807; More… GBP/USD’s break of 55 4H EMA (now at 1.2760) indicates short term topping at 1.2829. Intraday bias is back on the downside for 55 D EMA Read more…