Tag Archives: wages

The Eurozone’s recovery from the recent downturn is largely due to the growth of the service sector, which has seen job creation accelerate. However, the region faces challenges in meeting the European Central Bank’s 2% target due to persistently high service prices driven by wages. The EU’s decision to stop …

Gold is up 0.50%, trading at $2341.29 per ounce at the time of writing. Earlier on Monday, gold’s jump to $2,354 has been tempered by evolving Fed rate cut expectations and a resilient US jobs report. Potential further upside for Gold is expected with forecasts reaching up to $2,500 in …

As the Bureau of Labour Statistics (BLS) delivers its much-awaited March jobs report for the US, the financial markets are seemingly excited. Traders will digest this jobs print with great care, looking for hints about how the US economy and Federal Reserve policies will develop in the near future. Nonfarm …

USD/JPY took advantage of the positive correlation with US Treasury yields hitting a new high after yields on benchmark bonds showed a significant amount of consolidation throughout the trading day, on Thursday.US Treasury bond yields were able to consolidate in an upward trend on Thursday with the emergence of several …

Japanese equities soared on Tuesday, propelled by the Bank of Japan’s widely anticipated decision to terminate eight years of negative interest rates. This landmark move marked Japan’s first policy tightening since 2007, signaling a significant departure from its prolonged era of ultra-easy monetary policy. BOJ’s Paradigm Shift: From Ultra-Easy Policy …

On Monday, the Japanese yen declined against a basket of global currencies in the Asian market, extending its losses against the US dollar for the fifth consecutive day. This downturn marked the yen’s lowest level in two weeks, coinciding with the commencement of the highly anticipated monetary policy meeting of …

Late on Thursday, European Central Bank Vice President Luis de Guindos gave reporters his assessment of the ECB’s probable decision to lower interest rates by the second half of the year.Key Quotesde Guindos sees the European economy picking up in the second half of the year.The ECB should have sufficient …

Last week, the financial markets were shaped by significant data releases across several major economies, notably the United States and the eurozone. In the eurozone, data published by the European Statistics Office (Eurostat) on Friday indicated that the region’s annual harmonized consumer price index (HICP) rose by 2.6% in February, …

In the pulse of the financial world, the spotlight of the past week fell squarely on key US economic indicators, particularly inflation data, igniting a flurry of activity and recalibration across markets. Inflation Insights Headline US inflation for January came in at 3.1%, a modest improvement that fell slightly short …

The US dollar maintained its position near a three-month high on Tuesday, bolstered by reduced expectations of significant interest rate cuts by the US Federal Reserve. Conversely, the Australian dollar saw an uptick following indications from the Reserve Bank of Australia (RBA) suggesting a potential interest rate hike to address …