UK and US retail sales data in the spotlight, UK inflation falls
Asia-Pacific shares traded higher on Wednesday, although the Bank of Japan (BoJ) announced its decision not to change its yield curve control policy. In a press conference, the BoJ’s Governor Haruhiko Kuroda said that “it’s not long since we decided on our measures in December. It will likely take some more time for the measures […]
Market Spotlight: Sainsbury Stock Falls Despite Profits Update
Better Q4 Profits Seen Shares in J Sainsbury, the UK’s second-largest supermarket, are trading lower today despite a better profit outlook for Q4. The group recorded a 7.1% spike in sales in the six weeks leading up to January, while the 16 weeks through to January were 5.2% higher than the previous year. The World […]
Market Update – January 9 – USD Index falls 9% from peaks
Trading Leveraged Products is risky Treasury and Wall Street soared on the heels of the NFP data where the net effect is a tempering in Fed rate hike expectations. The markets are cheering the cooling in wage growth and a softer but still resilient labor market. The erosion in the service sector is a bit […]
USDCHF falls below its 100 hour MA
The USDCHF opened the week below the 100 hour MA (blue line in the chart above). On Tuesday, the price soared higher reaching the 50% of the move down from the November 21 high. That level comes in at 0.93988. On Wednesday, the price tumbled back down and in the process moved briefly back below […]
EZ Inflation Falls Further But No ECB Shift Expected Near-Term |
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