Inflation in Tokyo continues to slow, easing pressure on BOJ to start tightening monetary policy
The latest data on core inflation in Tokyo, Japan, indicates a slowdown for the second consecutive month in December. This decrease in inflationary pressures, driven by a reduction in cost-push factors, may alleviate some pressure on the…
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USDJPY – fresh easing warns of recovery stall
USDJPY eases on Monday, after strong four-day recovery rally stalled just ahead of pivotal Fibo barrier at 146.08 (50% retracement of 151.90/140.25 downtrend) and weighed by a bull-trap above 144.70 (Fibo 38.2% of 151.90/140.25).
Last…
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WTI oil price falls sharply, on track for the biggest daily loss since mid-November
WTI oil price fell nearly 5% on Monday, deflated by decision of top oil exporter, Saudi Arabia, to cut February selling price to Asia to the lowest in over two years and rise in OPEC output.
The measures partially counter persisting…
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AUDUSD – bears are regaining traction after Friday’s pause
AUDUSD returned to red and fell below 0.6700 mark (reinforced by daily Kijun-sen), signaling that bears are regaining control after Friday’s long-legged Doji pointed to strong indecision.
Risk sensitive Australian dollar came under…
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EURUSD – near-term action remains in sideways mode and looks for direction signals
Near-term action remains directionless and holding within the range which extends into fourth consecutive day.
Friday’s long-legged Doji, left after turbulent post-NFP action, contributes to sideways mode, along with mixed daily…
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US employers hired more than expected in December, wage growth remains solid
US Nonfarm payrolls increased by 216,000 jobs in December, surpassing expectations, while November figure was revised lower to show payrolls rising 173,000 instead of the initially reported 199,000. Economists had expected an increase of…
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Euro zone inflation rises in December and partially cools expectations for rate cuts
Eurozone inflation increased to 2.9% in December from 2.4% in November, just below the expectation of a 3.0% reading. This supports the European Central Bank's (ECB) decision to keep interest rates at record highs for some time.
The rise…
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USDJPY – completion of reversal pattern adds to upside potential
Strong three-day recovery completed the three white soldiers reversal pattern on daily chart, adding to upside potential, as 14-d momentum in steep ascend broke into positive territory and RSI is heading north.
Bulls broke and extended…
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US private payrolls rise above expectations in December – ADP
The ADP National Employment Report, released on Thursday, showed that US private employers added 164,000 jobs in December.
This figure exceeded expectations and marked the largest monthly increase since August.
The data for November was…
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Eurozone business activity remained subdued in December, raising fears of recession
Persistent downturn in the dominant services industry signals that contraction in euro zone business activity continued and indicates the bloc's economy was in recession.
Eurozone Composite Purchasing Managers' Index (PMI) was revised…
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