$EUNITR - Europe Interest Rates $EUNITR
(January/2025)
source: European Central Bank
- The European Central Bank lowered its key interest rates by 25 bps in January 2025, as expected, reducing the deposit facility rate to 2.75%, the main refinancing rate to 2.90%, and the marginal lending rate to 3.15%.
This move reflects the ECB’s updated inflation outlook, with price pressures easing in line with projections.
While domestic inflation remains elevated due to delayed wage and price adjustments, wage growth is moderating, and corporate profits are absorbing some inflationary effects.
Despite persistent tight financing conditions, the rate cut is expected to gradually ease borrowing costs for firms and households.
The ECB remains data-driven and has not committed to a predetermined rate path, emphasizing a cautious approach to ensuring inflation stabilizes at its 2% target.
Indexes
NDQ100 Update - Overaction? Thanks for checking out our latest update. Today, we are looking at the NDQ100 daily chart.
What a 48 hours we have seen. After a plunge that wiped off up to 1 trillion dollars and close to 600 million off Nvidia, we saw a fast fightback at the end of the session and a recovery on Tuesday. The crash occurred after Chinese Tech company DeepSeek shocked the AI world with a powerful LLM.
Looking at the last price action, has support reformed? Will we see the new push higher after this last seller test? Buyers look interested, but we would like further confirmation with rallies that fill the gap or a test of the last high.
Good trading from Eightcap.
$JPIRYY -Japan Inflation Rate Highest in Near 2 YearsECONOMICS:JPIRYY 3.6%
(December/2024)
source: Ministry of Internal Affairs & Communications
- The annual inflation rate in Japan jumped to 3.6% in December 2024 from 2.9% in November,
marking the highest reading since January 2023 as food prices rose the most in a year.
Meanwhile, the core inflation rate climbed to a 16-month peak of 3%, in line with estimates.
FTSE (UK100)BIAS: BULLISH
The FTSE(UK100) still ranging between 8400 and 8000... Break range and expect a big move (9K or retest 7800).
That rejection of 8100 makes me bullish bias X 2
If bias was to change
A solid push and resistance found around 8100-8000 would be expected.
Unless specifically timed with a low chance of alteration by external forces, anticipating the exact timing of events is unrealistic.
DOW JONES INDEX (US30): Back to Bullish Trend
US30 Index completed a bullish accumulation in a wide
horizontal sideways range on a daily.
Its resistance was broken on Friday and we see a positive
bullish reaction to that after its retest.
There is a high probability that the market will continue rising.
Next resistance - 44360
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Dollar Index (DXY): One More Clear Sign of Strength
Looks like Dollar Index is going to continue rising.
After an extended accumulation within a horizontal parallel channel,
the market violated its upper boundary on Friday.
Bullish trend will most likely continue.
Next goal - 110.5
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$SPX - idea from the historyI've just faced an unpublished idea about SP:SPX . Will publish it in the mid on the road. )
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast #trading #analysis
If you want to discuss, please subscribe and challenge this point of view.
$JPIRYY -Japan's CPI (November/2024)ECONOMICS:JPIRYY
(November/2024)
source: Ministry of Internal Affairs & Communications
- The annual inflation rate in Japan climbed to 2.9% in November 2024 from 2.3% in the prior month, marking the highest reading since October 2023.
The core inflation rate rose to a 3-month high of 2.7% in November,
up from 2.3% in October and surpassing estimates of 2.6%.
Monthly, the CPI increased by 0.6%, the highest figure in 13 months.
$USGDPQQ -U.S GDP (Q3/2024)ECONOMICS:USGDPQQ
(Q3/2024)
source: U.S. Bureau of Economic Analysis
- The US economy expanded an annualized 3.1% in Q3, higher than 2.8% in the 2nd estimate and above 3% in Q2.
The update primarily reflected upward revisions to exports and consumer spending that were partly offset by a downward revision to private inventory investment.
Imports, which are a subtraction in the calculation of GDP, were revised up.
$GBINTR -U.K Interest RatesECONOMICS:GBINTR
(December/2024)
source: Bank of England
The Bank of England left the benchmark bank rate steady at 4.75% during its December 2024 meeting,
in line with market expectations, as CPI inflation, wage growth and some indicators of inflation expectations had risen, adding to the risk of inflation persistence.
The central bank reinforced that a gradual approach to removing monetary policy restraint remains appropriate and that monetary policy will need to continue to remain restrictive for sufficiently long until the risks to inflation returning sustainably to the 2% target in the medium term have dissipated further.
The central bank will continue to decide the appropriate degree of monetary policy restrictiveness at each meeting.
$JPINTR - Japan's Interest RateECONOMICS:JPINTR
(Devember/2024)
source: Bank of Japan
-The Bank of Japan (BoJ) maintained its key short-term interest rate at around 0.25% during its final meeting of the year, keeping it at the highest level since 2008 and meeting market consensus.
The vote was split 8-1, with board member Naoki Tamura advocating for a 25bps increase.
Thursday's decision came despite the US implementing its third rate cut this year, as the BoJ needed more time to assess certain risks, particularly US economic policies under Donald Trump and next year's wage outlook.
The board adhered to its assessment that Japan's economy is on track for a moderate recovery, despite some areas of weakness.
Private consumption continued its upward trend, aided by improving corporate profits and business spending. Meanwhile, exports and industrial output remained relatively flat.
On inflation, the YoY figures have ranged between 2.0% and 2.5%, driven by higher service prices.
Inflation expectations showed a moderate rise, and the underlying CPI is expected to add gradually.
$GBIRYY -U.K CPI (November/2024)ECONOMICS:GBIRYY
(November/2024)
source: Office for National Statistics
- The annual inflation rate in the UK edged up for a second month to 2.6% in November 2024 from 2.3% in October, matching forecasts.
It is the highest inflation rate in eight months,
with prices rising at a faster pace for recreation and culture (3.6% vs 3% in October),
mostly admission fees to live music events and theaters and computer games;
housing and utilities (3% vs 2.9%), particularly actual rents for housing; and food and non-alcoholic beverages (2% vs 1.9%).
In addition, transport prices fell much less (-0.9% vs -1.9%) as upward effects from motor fuels and second-hand cars were partially offset by a downward effect from air fares.
Meanwhile, services inflation was steady at 5%.
Compared to the previous month, the CPI edged up 0.1%, less than 0.6% in October and matching forecasts.
The core CPI rose 3.5% on the year from 3.3% in October but below forecasts of 3.6%.
On the month, core prices stalled.
Dollar Index (DXY): One More Bullish Movement
Yesterday, I predicted a nice pullback on Dollar Index.
It looks like today, we have one more.
The price testing a key intraday/daily horizontal support
and formed a double bottom on that.
Bullish violation of its neckline may push the market higher.
Goal - 107.1
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$USIRYY -U.S CPI (November/2024)ECONOMICS:USIRYY
(November/2024)
source: U.S. Bureau of Labor Statistics
"US Inflation Rate Rises to 2.7%, Matching Expectations "
-The annual inflation rate in the US rose to 2.7% in November,
from 2.6% in October and matching markets expectations pushed up by food cost.
On a monthly basis, the CPI increased by 0.3%, the most since April, slightly above October's 0.2%, driven mostly by higher prices of shelter.
Dollar Index (DXY): Time to Fill the Gap?!
I guess you saw this gap down that was formed this night on Dollar Index.
Analysing a price action today, it looks like the market is preparing to fill it.
I see a nice bearish trap and inducement followed by a bullish imbalance
on an hourly.
I think that the index will go up to the gap opening level soon.
Goal - 106.11
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