Continuum Economics
  • Search
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
  • Calendar
  • Forecasts
  • Events
  • Data
  • Newsletters
  • My Alerts
  • Community
  • Directory
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
    • All
    • Thematic
    • Tactical
    • Asia
    • EMEA
    • Americas
    • Newsletters
    • Freemium
    • Editor's Choice
    • Most Viewed
    • Most Shared
    • Most Liked
  • Calendar
    • Interactive
      • China
      • United States
      • Eurozone
      • United Kingdom
    • Month Ahead
    • Reviews
    • Previews
  • Forecasts
    • Forecasts
    • Key Views
  • Events
    • Media
    • Conference Calls
  • Data
    • Country Insights
    • Shadow Credit Ratings
    • Full CI Data Download
  • Newsletters
  • My Alerts
  • Community
    • FX
    • Fixed Income
    • Macro Strategy
    • Credit Markets
    • Equities
    • Commodities
    • Precious Metals
    • Renewables
  • Directory
  • My Account
  • Notifications Setup
  • Account Details
  • Recent Devices
  • Distribution Lists
  • Shared Free Trials
  • Saved Articles
  • Shared Alerts
  • My Posts
Published: 2024-04-08T10:34:36.000Z

European Summary and Highlights 8 Apr

byAdrian Schmidt

Senior FX Strategist
-

Labor cash earning for Japan in February arrived at 1.8% y/y, slightly lower than 2% in January but it is well before the strong negotiation results in March and closer to the 2% target.

Labor cash earning for Japan in February arrived at 1.8% y/y, slightly lower than 2% in January but it is well before the strong negotiation results in March and closer to the 2% target. It is a positive sign and supports BoJ's decision to change monetary policy as wage growth should accelerated further after March. However, on Monday Asia session, the theme is potential cease fire between Israel and Hamas and strong gains for metal. With U.S. Treasury Yields higher across the curve, USD/JPY continues to hang around recent high at 151.77, 0.11% higher for the session.

Metals are performing strongly on Monday Asia with gold refreshing new high and Shanghai silver futures hitting limit up. However, despite a potential easing of geopolitical tension, regional sentiment is soft and U.S. major equity indexes have closed any gap higher. The push and pull balanced out each other and see AUD/USD slipping 1 pip to 0.6578, NZD/USD also down 1 pip to 0.6012 while USD/CAD rose 0.09% to 1.3601 as oil stay depressed after opening lower on hopes of ceasefire. Else, EUR/USD is down 0.04% and GBP/USD is down 0.07%. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continue to read the article for free
Login

or

or

Topics
FX Highlights
Foreign Exchange
European Midday

GENERAL

  • Home
  • About Us
  • Our Team
  • Careers

LEGAL

  • Terms and Conditions
  • Privacy Policy
  • Compliance
  • GDPR

GET IN TOUCH

  • Contact Us
Continuum Economics
The Technical Analyst Awards Winner 2021
The Technical Analyst Awards Finalist 2020
image