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Poland Sees Double-Digit Real Wage Growth

Poland Sees Double-Digit Real Wage Growth

Average wages in the enterprise sector rose 12.9% year-on-year in February (nominal), above expectations (11.3% YoY), following a 12.8% increase in January. Real wage growth is the highest since the end of 1999, signalling a recovery in consumption (weak so far) and sticky core inflation in Poland.shutterstock The better-than-expected wage data stems from a tight labour market, with […]
Yen Weakness Continues

Yen Weakness Continues

Following Tuesday morning’s widely anticipated decision from the BoJ to end the era of negative interest rates, BoJ Governor Ueda reiterated his view that it was “important to keep conditions accommodative” due to his view that there is “still some distance for price expectations to hit 2%”. While the move out of negative rates was […]
Corn Is The Sleeper. The Corn & Ethanol Report

Corn Is The Sleeper. The Corn & Ethanol Report

We kickoff the day with MBA 30-Year Mortgage Rate, MBA Mortgage Applications, MBA Mortgage Market Index, MBA Mortgage Refinance Index, and MBA Purchase Index at 6:00 A.M., EIA Energy Stocks at 9:30 A.m., 17-Week Bill Auction at 10:30 A.M., Fed Interest Rate Decision, FOMC Quarterly Rate Projections at 1:00 P.M., and Fed Press Conference at […]
The FTSE Finish Line: Investors On The Sidelines Ahead Of Fed And BoE Rate Decisions

The FTSE Finish Line: Investors On The Sidelines Ahead Of Fed And BoE Rate Decisions

Image Source: Pexels On Wednesday, London’s FTSE 100 started off lower as investors remained cautious ahead of the Federal Reserve’s decision later in the day. This was further reinforced by softer-than-expected domestic inflation data, which solidified expectations of interest rate cuts from the Bank of England this year. The FTSE 100, composed of blue chip stocks, […]
Stocks Quietly Higher As Central Bank Wraps Up Meeting

Stocks Quietly Higher As Central Bank Wraps Up Meeting

Stocks are cautiously higher ahead of the conclusion of the central banks policy meeting. Investors largely anticipate interest rates to remain unchanged this time around, but will gain more clues for future plans at Fed Chair Jerome Powel’s press conference later today. Ahead of the event, the Dow Jones Industrial Average (DJI) sports a modest double-digit lead, […]
S&P 500 Earnings Dashboard 23Q4 – Wednesday, March 20

S&P 500 Earnings Dashboard 23Q4 – Wednesday, March 20

Image Source: Pexels  S&P 500 Aggregate Estimates and Revisions The 23Q4 Y/Y blended earnings growth estimate is 10.1%. If the energy sector is excluded, the growth rate for the index is 13.7%. Of the 498 companies in the S&P 500 that have reported earnings to date for 23Q4, 76.1% reported above analyst expectations. This compares to a long-term average of 66%. The 23Q4 Y/Y blended revenue growth estimate is 3.7%. If the […]
Mind The Dots

Mind The Dots

Image Source: Pixabay  Happy Fed Day!!This afternoon at 2:00 EST, the Federal Reserve will release its scheduled statement on interest rate policy. And then at 2:30, Chairman Jerome Powell will answer questions as part of his normal press conference.Investors aren’t expecting a change in the Fed’s target interest rate at this meeting. In fact, it’s almost […]
Why Spring Means Higher Gas Prices

Why Spring Means Higher Gas Prices

Photo by American Public Power Association on Unsplash   Gasoline prices are on the rise, climbing nearly $0.30/gallon since the beginning of the year. What you may not realize is that this price rise happens nearly every year. In fact, if we look back to 2000, the only time gasoline prices didn’t climb between January and May was in […]
GBPJPY May Face Resistance Soon

GBPJPY May Face Resistance Soon

Image Source: Unsplash  GBPJPY is in a strong bullish phase, but looking at the daily chart, we can see pair trading at new highs for the final wave 5 of (5) of 3 that can target 193-195 area. Based on the current Elliott wave cycle from 2023 lows, we still think that pair will come lower […]
Signs Of A Continuing Recovery Emerge For Polish Manufacturing

Signs Of A Continuing Recovery Emerge For Polish Manufacturing

Image Source: Pexels  Recovery in the Polish industry is progressing, with the outlook of stronger domestic demand and signs of recovery from the German industry laying the groundwork for further improvement.The Polish industry is recovering from stagnation. In February, industrial production expanded by 3.3% year-on-year, above the consensus of 2.4%. The figures for January were also […]