BOJ: Ueda: Rising Wages Becoming The Norm
Jul-31 06:57
* "BOJ GOV UEDA: RISING WAGES AT JAPANESE COMPANIES ARE BECOMING THE NORM IN RECENT YEARS" Reuters...
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EURJPY TECHS: Bulls Remain In The Driver’s Seat
Jul-01 06:57
- RES 4: 171.28 1.382 proj of the Feb 28 - Mar 18 - Apr 7 price swing
- RES 3: 171.09 High Jul 23 ‘24
- RES 2: 170.47 76.4% Fibonacci retracement for Jul - Aug ‘24 downleg
- RES 1: 169.91 1.236 proj of the Feb 28 - Mar 18 - Apr 7 price swing
- PRICE: 169.31 @ 07:53 BST Jul 1
- SUP 1: 168.56 Low Jun 26
- SUP 2: 167.21 20-day EMA
- SUP 3: 165.91 Low Jun 16
- SUP 4: 165.14 50-day EMA
The trend set-up in EURJPY is unchanged, it remains bullish and the cross is trading just below its latest highs. Recent gains resulted in a break of 166.69, the Oct 31 ‘24 high. Scope is seen for a climb towards 170.47, a key Fibonacci retracement point. Note that the uptrend is in overbought territory, a pullback would unwind this condition. Support to watch lies at 166.94, the 20-day EMA. A break of it would suggest potential for a deeper retracement.
GILTS: Opening calls
Jul-01 06:57
Gilt Opening calls, 93.28/93.34 range.
EQUITIES: EU Cash Opening Calls
Jul-01 06:55
Set for a steadier open:
- Estox 50: +0.24%.
- Dax: +0.16%.
- CAC: +0.17%.
- FTSE: +0.19%.
- SMI: +0.18%.
