Daily Pivots: (S1) 156.61; (P) 157.28; (R1) 158.33; More… Intraday bias in USD/JPY stays on the upside at this point. Current rally from 139.57 is in progress to 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25. Firm break there will target 161.94 high. However, break of 156.01 support will indicate short term topping, […]
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US initial jobless claims fell -10k to 201k in the week ending January 4, below expectation of 218k. That’s also the slowest number since February 2024. Four-week moving average of initial claims fell -10k to Read more…
US ADP private employment data revealed a slowdown in job creation for December, with 122k jobs added, missing market expectations of 143k, and prior month’s 146k. Breaking down the numbers, goods-producing sectors added 10k jobs, Read more…
Crude oil continues to rise for a third week. On Wednesday, the price of a barrel of Brent crude rose above $77.50, its highest level in almost three months. Better-than-expected economic data from the US Read more…