In June ECB Consumer Expectations Survey, consumer concerns over inflation appear to be receding, with expectations for both short-term and three-year horizons declining. Despite steady views on income growth over the next year, there’s a Read more…
EURJPY is edging higher as it appears ready to retest the 16-year high of 157.99. The move prior to the July 28 BoJ meeting has been almost completely erased with the bulls confirming their dominance Read more…
Daily Pivots: (S1) 1.6693; (P) 1.6731; (R1) 1.6776; More… EUR/AUD’s up trend from 1.4281 resumed by breaking through 1.6785 resistance and intraday bias is back on the upside. Further rally should be seen to 1.7377 Read more…
Daily Pivots: (S1) 1.0973; (P) 1.0995; (R1) 1.1026; More… Intraday bias in EUR/USD remains neutral as range trading continues. On the downside, break of 1.0911 will resume the decline from 1.1274 to 1.0832 support. Sustained Read more…
July saw a sharper-than-expected contraction in China’s exports, with decline of -14.5% yoy to USD 281.76B. This marked the steepest drop since February 2020 and exceeded market expectations, which had forecasted a decline of -12.5% Read more…
Today’s wage growth data out of Japan came in softer than anticipated, reinforcing BoJ’s position towards maintaining its ultra-loose monetary strategy. Furthermore, the consistent decline in real wages continues to weigh down consumer spending. Nominal Read more…