HUNGARY: Average Gross Wage Growth Stronger-Than-Expected in November
Jan-23 08:20
* Hungary's average gross wages for businesses with at least 5 employees rose 8.9% Y/Y in November...
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GOLD TECHS: Bull Cycle Extends
Dec-24 08:17
- The trend structure in Gold is unchanged, it remains bullish and fresh cycle highs reinforce current conditions.
- The break higher confirms a resumption of the primary uptrend.
- The metal has traded through the psychological $4500.0 handle.
- Initial firm support to watch lies at the 20-day EMA.
- A pullback would be considered corrective.
GILTS: Opening Calls and an early close
Dec-24 07:53
- Gilt Opening calls can only be taken for the US Tnotes, looking around 91.04.
- Recall that Eurex is closed, Gilt will be closing early at 12.15GMT.
- For the US, CME closes at 1315ET, NYSE at 1300ET.
SEK: A very interesting chart
Dec-24 07:49
- As noted this Week and the outlook still stands since USDSEK is now probing 9.1500.
- Given that the SEK is set to be the Yearly winner, now up 20.77% for that period, the USDSEK chart gets interesting from here.
- The risk is tilted to the downside with test towards 9.1000 initially.
- Looking further out and on a more medium/longer term basis, could 9.000 be on the card as the Fed look to cut more Interest Rate?
(Chart source: MNI/Bloomberg Finance LP).
