We must scrutinise whether positive wage-inflation cycle emergesThat will determine whether conditions for phasing out stimulus are falling into placeThis year's wage talks is critical in deciding timing on exit from stimulusWe will scrutinise wage talks outcome as...
Japan PM Kishida: Will call for wage hikes exceeding last year for small, mid-sized firms
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FX option expiries for 13 March 10am New York cut
There are some large ones to take note of for today, as highlighted in bold.The first ones are for EUR/USD at the 1.0920-40 region. Those expiries are likely to help keep price action more compact in the session ahead, as traders continue to digest the post-CPI...
Today’s wage results could be driving force to realise virtuous cycle in Japan – JCM chair
For some context, the JCM represents about 2 million metalworkers from more than 3,000 affiliated unions across the industry in Japan. The above comment is encouraging and befitting of what we have seen so far. That being bigger corporations are able to pull through...
A calmer mood awaits European traders in the session ahead
Major currencies are mostly little changed as broader markets are taking a bit of a breather so far today. The US CPI data yesterday produced a chaotic reaction as the dollar went up and down, before moving back up slightly again in the aftermath. That comes as bond...
The spotlight is on the yen as Japan wages data starts to trickle through
In case you missed the headlines, you can check out Eamonn's wrap earlier here. For now, it looks like the bigger corporations are meeting wage demands and that's a good start. But policymakers would definitely want to see that spill over to smaller and medium-sized...
ForexLive Asia-Pacific FX news wrap: Japanese wage rise data begins to filter in
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El Salvador removes income taxes for money from abroad
El Salvador's Congress approved a reform to remove income taxes previously imposed on money from abroad.the aim of the change is to attract more foreign investment. Money from abroad, such as remittances and investments in companies will now be exempt from tax.Info...
Putin says that from military-technical point of view Russia is ready for nuclear war
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Japan chief cabinet secretary Hayashi – important wage rises spread to mid & small firms
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Yen up as news on wages in Japan filters out – wage hikes enough for the BoJ to hike too?
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PBOC sets USD/ CNY central rate at 7.0930 (vs. estimate at 7.1775)
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
More on Japan wage talks – Okuma Corp hikes wages by 15,960yen (Union demand was 18,215)
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Japan wage talks – Toyota responds to Union wage hike demand in full
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ECB’s Cipollone is speaking Wednesday
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PBOC is expected to set the USD/CNY reference rate at 7.1775 – Reuters estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate...
Bank of America have raised their S&P earnings outlook for 2024 and 2025
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Bernstein analysts “are now more convinced about our $150K price (forecast) for Bitcoin”
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US Energy Information Administration data due Wednesday: 2.8 mn bbl build expected
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