Recent rapid gains seen in the Nikkei 225 are likely to be attributed to the highly anticipated positive outcome of Japan’s annual wage negotiations results. The expected increase in wage growth for FY 2024/2025 may Read more…
EURUSD trades neutral as US CPI inflation data loom Short-term upleg intact but risks remain below 1.0968 EURUSD has been capped below the 50% Fibonacci retracement of the 2020-2022 downtrend at 1.0945 since Friday’s flash Read more…
EURJPY descends below ascending channel But 50-day SMA prevents further retreats Momentum indicators are tilted to the downside EURJPY has been in a steady advance since December 2023, peaking at the 2024 high of 163.70 on February Read more…
Financial market participants expect an easing of the Fed’s monetary policy. The prospect of lower rates puts pressure on the value of the dollar, which in turn pushes up dollar-denominated assets. This contributed to the Read more…
Markets Friday’s bearish engulfing pattern at record levels for the S&P 500 and Nasdaq (potential short term trend reversal) met with some more weakness in futures trading and at the opening bell, but follow-up losses Read more…
In February, UK payrolled employment rose 20k or 0.1% mom. Median monthly pay increased by 5.5% yoy. Annual growth in median pay was highest in the other service activities sector, with an increase of 7.4% Read more…
The week started with limited appetite in US stock and a fresh record for Bitcoin. Major US indices were flat on Monday’s trading session. The S&P 500 slid 0.11% as sentiment in technology stocks was Read more…
In focus today The most important release of the day will be the US February CPI. We look for both headline and core CPI to come out at +0.3% m/m SA, slightly below consensus forecast. Read more…
Daily Pivots: (S1) 188.45; (P) 189.08; (R1) 189.78; More….. GBP/JPY recovered after dipping to 187.94 and intraday bias remains neutral. On the downside, below 187.94 will resume the decline from 191.29 to 38.2% retracement of Read more…
Daily Pivots: (S1) 160.19; (P) 160.59; (R1) 160.96; More… Intraday bias in EUR/JPY is turned neutral again with current recovery. On the downside, below 160.20 will resume the fall from 163.70 to 38.2% retracement of Read more…