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Markets UK labour data published this morning served as a starter before for the release the US CPI this afternoon. The data came out on the soft side of expectations. November payrolled employees declined 13k from a gain of 39k in October (and 5k expected). The series is on a downtrend, but proved quite volatile […]

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16/01/2024

USDJPY on the Rise Again

USDJPY tries to switch medium-term outlook to bullish Prices hold within Fibonacci levels Technical signals are positive USDJPY is looking to resume its bullish trend, having softly pivoted near the 50.0% Fibonacci retracement level of the down leg from 151.90 to 140.20 at 146.07. To attract new buyers, the bulls will have to surpass the […]
18/09/2024

Sunset Market Commentary

Markets US August retail sales served as some final input for tomorrow’s pivotal Fed meeting in a trading session that was otherwise simply the waiting game part 2. The series surprised to the upside on a headline level (0.1% m/m vs -0.2% expected). Core gauges printed close to or slightly below consensus with the control […]
14/12/2023

Dollar Index: Hits Four-Month Low, Deflated by Dovish Fed

The dollar index remains firmly in red and holding near fresh four-month low in early trading on Thursday, following post-Fed 1.2% fall on Wednesday (the biggest daily drop since Nov 14). The greenback was deflated by signals that the Fed’s historic policy tightening cycle is likely over, and projections show that borrowing cost would fall […]