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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.

The price of gold fluctuates about $1,700, and given increased hawkish Fed bets, a decline seems imminent

Alina Haynes

Jul 18, 2022 12:03

 截屏2022-07-15 下午5.36.44_1024x576.png

 

In the early Tokyo session, Gold Price (XAUUSD) tried to break above the consolidation that had been created in a constrained range between $1,703.21 and 1,705.90 on Friday. After a brief squeeze, the precious metal is now showing some symptoms of increased volatility. On Friday, the shiny metal successfully defended the psychological level of $1,700.00, which is also close to Thursday's low. The psychological support of $1,700.00 has undergone two tests, which has increased the importance of the level for market players. The precious metal is currently showing exhaustion indications at lower levels, but additional filters are needed to showcase a bullish turnaround.

 

Despite modest losses on Friday, the US dollar index (DXY) closed the week on a positive note. Weekly results showed that the asset kept winning. The DXY has been making advances for the last three weeks in a row. Despite the asset showing a stronger decline on a shorter timeline, the upside is still justified because to the DXY's overall performance. A downwards move is almost certain to occur since the asset is now auctioning in an inventory distribution phase at roughly 108.00.


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