UK DATA: Mixed UK activity data
May-15 06:11
Interesting mix: monthly GDP (which doesn't include trade) boosted by a strong services print of 0.4...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
UK DATA: Hard to get a great reading from the labour market data at first glance
Apr-15 06:05
- AWE Earnings a tenth weaker than expected for both total economy and private regular.
- The LFS employment change was a bit higher than expected (but unemployment rate was still in line with consensus).
- It looks as though there is a big downward surprise to the flash HMRC payrolls print.
- No huge movement and hard to really get a great reading from the data at first glance. Will look into the details now and follow up.
MNI: UK MAR CLAIMANT CHG +18700
Apr-15 06:00
- MNI: UK MAR CLAIMANT CHG +18700
- UK MAR CLAIMANT RATE +4.7%
- UK FEB AVE WEEKLY EARNINGS +5.6% YY
- UK FEB AVE WEEKLY EARNINGS EX-BONUS +5.9% YY
EURJPY TECHS: Trend Needle Points North
Apr-15 06:00
- RES 4: 165.43 High Nov 8
- RES 3: 164.90 High Dec 30 ‘24 and a key medium-term resistance
- RES 2: 164.55 High Jan 7
- RES 1: 163.55/164.19 High Apr 14 / High Mar 18 and the bull trigger
- PRICE: 162.39 @ 06:59 GMT Apr 15
- SUP 1: 161.03/158.30 50-day EMA / Low Apr 7 and key support
- SUP 2: 157.02 76.4% retracement of the Feb 28 - Mar 18 bull cycle
- SUP 3: 155.60 Low Low Mar 4
- SUP 4: 154.80 Low Low Feb 28
Recent weakness in EURJPY appears corrective and the strong rally from the Apr 7 low reinforces a bullish theme. Key short-term support has been defined at 158.30, the low on Apr 7. A break of this level is required to signal scope for a deeper retracement. This would open 157.02, a Fibonacci retracement. For bulls, a continuation higher would expose 164.19, the Mar 18 high and the bull trigger. A break of this hurdle would resume the uptrend.
