Predicting which cryptocurrency will boom in 2024 is a complex task filled with uncertainty due to the highly volatile and unpredictable nature of the crypto market. However, certain factors can be considered when speculating about future crypto market...
Boeing brings back the saying: “Wings don’t mean take-off”
Despite being one of the world's largest aircraft, spacecraft, and military hardware manufacturers, you'd think they'd be more conscious of the quality of their products, right?Not so much. Although there were no further accidents due to the failure of the maneuvering...
Eurozone January industrial production -3.2% vs -1.5% m/m expected
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,...
BOJ reportedly considers scrapping ETF purchases with inflation target in sight
The report says that the Japanese central bank is mulling such a move as policymakers see little need to keep buying ETFs to limit risk premiums in a market that is looking rather frothy. For some context, Japan's Nikkei 225 index hit a fresh record high above 40,000...
Japan Business Federation head reaffirms odds of wage hikes beating last year’s levels
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,...
Citi moves up first BOE rate cut to June from August previously
The firm now sees the BOE performing their first rate cut in June, arguing that:"A combination of stubbornly weak activity, a further softening in labour market conditions, alongside in-line wage and services inflation numbers will now more likely than not push the...
The Dow Jones Rises to Monthly Highs! Is Gold Retracing Or Correcting?
The Dow Jones rises to a monthly high despite higher inflation data for February 2024. The Dow Jones’s best performing stock on Tuesday was 3M Co (+4.97), Intl Business Machines Corp (+3.16%) and Microsoft (+2.66%). US inflation rises from 3.1% to 3.2% and the Monthly...
Japanese yen struggles to light up as wage talks come into focus
The yen got some encouragement earlier in Asia, following some early reports on the spring wage negotiations here. USD/JPY dipped to a low of 147.23 before rebounding slightly to around 147.60 as we got into European trading. But once again, BOJ governor Ueda failed...
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Japan PM advisor Yata says wage hikes this year likely to exceed last year’s
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,...
ECB’s Villeroy: It is more likely a rate cut will happen in June than in April
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,...
European equities keep lightly changed to start the day
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,...
Bitcoin pulls through to hit $73,000 again after yesterday’s brief dip
Over the last week or so, Bitcoin had encountered a few dips but buyers prevailed at each time. In trading yesterday, it was no different as the drop threatened a break of a key near-term support before buyers stepped in to salvage that again. Here's a look at the...
UK January monthly GDP +0.2% vs +0.2% m/m expected
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,...
BOJ’s Ueda says will consider policy changes once achievement of price target is in sight
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
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,...
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...