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Boosting wages: Chatter about of Japan tax breaks for companies driving inflation battle

November 13, 2023

Japan’s government is considering tax breaks for firms that grant 8% wage increases. That’s the chatter doing the rounds, fuelled by a report in Japanese …

Central Banks

China’s October financing data: Mixed results (ICYMI)

November 13, 2023

China published financing data for October on Monday, it was a bit of a mixed result. Justin had the data here: China October M2 money …

Central Banks

Central banks in NZ and Australia expected to cut rates from Q4 2024 says Goldman Sachs

November 13, 2023

A snippet from Goldman Sachs, forecasting that both the Reserve Bank of New Zealand and Reserve Bank of Australia rate hike cycles are now complete. …

Central Banks

USD/JPY plunges on Monday US time, speculation surrounds Bank of Japan intervention

November 13, 2023

Its going to be an interesting session in Asia and I’ll be on the edge of my seat until I hear Japanese officials say they …

Technical Analysis

AUDUSD corrects higher to 100 hour MA and finds sellers. Snaps 5 day slide though.

November 13, 2023

The AUDUSD corrected higher today and in the process snapped a 5-day down streak for the pair (higher USD in the process). The correction higher, …

Technical Analysis

NZDUSD finds support at key levels, awaits next move

November 13, 2023

The NZDUSD moved to a new session low, and in the process moved down to test the high of a swing area near 0.58699. It …

Technical Analysis

EURUSD extends to new session highs

November 13, 2023

The trading volatility in the EURUSD has been up and down today. After moving higher in the Asian session and getting above the high of …

Technical Analysis

USDCAD sellers are making a play Break below 100 hour MA.

November 13, 2023

The sellers in the USDCAD are taking more control as London/European traders look to exit for the day. The selling has now taken the USDCAD …

Central Banks

BOE Mann: Research points to higher inflation from climate shocks, policies and spillovers

November 13, 2023

BOE Mann: Research points to increased inflation, increased inflation persistence, and increased inflation volatility associated with climate shocks, policies, and spillovers Carbon price shocks lead …

Central Banks

NY Fed economic expectations: Inflation expectations dip modestly

November 13, 2023

In October, the New York Federal Reserve reported the following economic expectations: Labor markets and household finance are largely stable. The year-ahead home price is …

Central Banks

Philadelphia Fed: Forecasters upgrade growth, job gains and inflation in 2023 and 2024

November 13, 2023

According to a survey by the Federal Reserve Bank of Philadelphia, the U.S. economic outlook has improved slightly compared to three months ago: Forecasters predict …