They are demand for a record monthly pay increase of ¥12,000, or 4% of the base pay, for 2024. JAM chairman, Katahiro Yasukochi, spoke to reporters and said that "what is important is to realise wage growth that is faster than price hikes". This is certainly what the...
Cryptocurrency and Its Instability Issues
Cryptocurrency, a digital or virtual form of currency that relies on encryption techniques, has gained significant attention in recent years. Bitcoin, the pioneering cryptocurrency, paved the way for many others to emerge. While it provides certain advantages over...
Applications of Blockchain Beyond Cryptocurrency
Blockchain technology, which was initially developed to support cryptocurrencies like Bitcoin, has rapidly evolved and found applications beyond the realm of digital currency. With its decentralized and transparent nature, blockchain offers numerous possibilities for...
BOE’s Bailey: Markets underestimate risk of inflation persistence
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,...
Analysis of Solana Cryptocurrency
Solana is a high-performance blockchain platform that aims to provide fast, secure, and scalable solutions for decentralized applications (dApps) and cryptocurrencies. Launched in 2020, Solana's native cryptocurrency, SOL, has gained significant attention and...
BOE’s Bailey: We are on target to get inflation back to 2%
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,...
USDCAD Technical Analysis – Compressing between key levels
USDCADThe BoC left interest rates at 5.00% as expected but remains prepared to raise rates further if needed.BoC Governor Macklem delivered a less hawkish speech in the press conference compared to his previous remarks. The recent Canadian CPI missed expectations...
North Korea says it is to launch a satellite in the coming days
The notice says that the satellite will be launched in the direction of the Yellow Sea and East China Sea, with Tokyo and Seoul stating that this could be a third attempt to put a spy satellite into orbit - which would be a violation of a UN ban. For some context,...
European stocks hold little 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,...
The next step in AUD/USD has to be a big leap forward
AUD/USD daily chartAUD/USD is looking to firm up a break above the 0.6500 mark this week and things are off to a good start so far. The pair is trading up another 0.3% today to 0.6575 but faces key resistance nearby in the form of the 200-day moving average (blue...
China premier Li Qiang to attend the G20 virtual summit tomorrow
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,...
Switzerland October trade balance CHF 4.60 billion vs CHF 6.32 billion prior
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,...
GBPUSD Technical Analysis – Approaching a key resistance
USDGBPThe BoE kept interest rates unchanged as expected at the last meeting.The central bank is leaning towards keeping interest rates “higher for longer”, although it keeps a door open for further tightening if inflationary pressures were to be more persistent. BoE...
FX option expiries for 21 November 10am New York cut
There aren't any notable expiries on the day, though there are some large-ish ones for USD/JPY and AUD/USD. But I don't expect them to be of much impact whatsoever given prevailing market sentiment.If anything else, perhaps the ones for AUD/USD at 0.6525 could help to...
Little on the agenda in Europe once again today
The dollar remains in retreat mode again today, continuing the downside momentum from last week. Equities managed to put on a good showing in US trading yesterday, keeping poised in aiming towards the highs of the year next as well. It's all playing out as it should...
USD/JPY retreat continues, set for fourth straight day of declines
USD/JPY vs US Treasury 10-year yields (%) daily chartThe pair is down another 0.6% today to 147.46 currently, with the low earlier touching 147.25 and testing minor support at around the 147.30 mark. The key level to watch amid the downside push right now is still the...
Goldman Sachs highlights China’s property sector negative feedback loop
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,...
ForexLive Asia-Pacific FX news wrap: USD index hits a 3 month low
ECB President Lagarde to discuss if "Inflation kills democracy". Schnabel speaks alsoThe CPI report from Canada due today is the last before the next Bank of Canada DecisionChina's smartphone exports decline amid shrinking global demand, relocation of productionAUD...
ECB President Lagarde to discuss if “Inflation kills democracy”. Schnabel speaks also
Coming up from the European Central Bank on Tuesday, 21 November are:0345 GMT / 0845 US Eastern time - Panel participation by ECB board member Elizabeth McCaul at Financial and Regulatory Outlook Conference 2023: The New Monetary Order organised by Oliver Wyman0600...
The CPI report from Canada due today is the last before the next Bank of Canada Decision
Today's CPI report from Canada is the last last the Bank of Canada's next decision on December 6th.due at 1330 GMT, which is 0830 Eastern time Consensus medians can be seen in the screenshot below while ranges for the headline CPI figures are:-0.2% to 0.3% for the...