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February 9th - A survey closely watched by the Bank of Englands Monetary Policy Committee shows that while employers continued to reduce hiring for long-term positions in January, the pace of reduction slowed to its lowest level in 18 months. The survey, conducted by the Recruiting and Employment Confederation (REC), also showed that businesses increased the number of temporary workers deployed for the first time since October last year. Neil Carberry, CEO of REC, said: "As we head into 2026, there are increasing signs that uncertainty about hiring plans is translating into action. This doesnt mean a full-blown hiring rebound, but the wait-and-see period seems to be coming to an end." This REC report further supports the view that the UK economy is poised for a turnaround in 2026. A recent S&P survey showed that business expansion in January hit a 17-month high; a report from the Institute of Directors also indicated that executives are more optimistic about the outlook for sales, hiring, and investment.Jun Mimura, Japans top foreign exchange official: We are closely monitoring foreign exchange trends with a high sense of urgency.The yield on Japans 30-year government bonds rose 6.5 basis points to 3.615%.Japans December trade balance will be released in ten minutes.February 9th - Data released on Monday showed that Japans real wages contracted for the 12th consecutive month in December, as nominal wage growth lagged slightly behind slowing consumer inflation. Following the Bank of Japans 25 basis point rate hike to 0.75% in December, wage trends have become one of the most important indicators for deciding the timing of the next rate hike. As a key indicator of consumer purchasing power, inflation-adjusted real wages fell 0.1% year-on-year in December. This continues the contraction that began in January 2025, although the decline has narrowed to its lowest level since the start of this contraction cycle. Full-year data released on Monday showed that Japans real wages will fall by 1.3% in 2025. This marks the fourth consecutive year of contraction in real annual wages since consumer inflation began exceeding the Bank of Japans 2% target in 2022.

S&P 500 Price Forecast – 50-Day EMA Continues to Offer Eupport

Cory Russell

Dec 09, 2022 15:49

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Technical Analysis of the S&P 500

During the trading day on Thursday, the S&P 500 fluctuated back and forth as we remained close to the 50-Day EMA. It's not shocking to see that we have bounced from this point because the 50-Day EMA is an indicator that many traders will pay attention to. You should look at the 3900 level if we were to break down below the 50-Day EMA. After that, you should also look at the 3800 level, which has historically provided a lot of support and resistance.


Remember that the Federal Reserve will decide on interest rates the following week, and many traders will be watching the announcement to see if it provides any clues as to where we might be headed. It should be emphasized that tomorrow will see the release of the PPI statistics from the United States, which will undoubtedly have a significant impact on what happens next.


The market is located between the 50-Day EMA and the 200-Day EMA indicators, which naturally has a significant impact on technical analysis and all other forms of algorithmic systems. To put it another way, a significant movement would not come as a tremendous surprise, but it might be influenced by the Federal Reserve meeting or even the CPI reading. Given that the year is almost coming to a finish and there is a dearth of liquidity, I'm not particularly hoping for anything significant in the meantime.

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