Author: FX

Costco came in ahead on the top and bottom line in the after-hours report today. EPS landed at $4.58 vs. the $4.55 estimate, while total revenue hit $69.60B against the $69.27B consensus. Net income rose to $2.035B from $1.788B a year ago — a 13.8% jump.The comp sales numbers are where it gets interesting for the macro view. Total company comps ex-gas and FX came in at +6.7%, well above the +5.9% estimate. Including gas and FX, comps printed +7.4% vs. the +6.72% consensus. The U.S. adjusted number was +6.4%, Canada +7.6%, and Other International +7.1%.Digitally-enabled comparable sales surged 22.6%…

Thursday’s session was defined by the intersection of persistent Middle East war tensions, resurging oil prices, and a U.S. labor market picture that remained resilient heading into Friday’s critical nonfarm payrolls report. The U.S. dollar finished the day as the top performer among major currencies, supported by sticky inflation concerns and hawkish Fed commentary, while equities extended their slide and gold sold off sharply despite an ongoing geopolitical backdrop that would normally favor safe-haven assets. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: Australia Household Spending…

Here is what you need to know for Friday, March 6:The US Dollar (USD) is being supported by crude oil prices, which rose to its highest level since July 2024, amid headlines of potential interruptions to the Strait of Hormuz and attacks on vessels in the region. United States (US) President Donald Trump told Axios that he needs to be personally involved in selecting Iran’s next leader, as he claimed that “Khamenei’s son is unacceptable to me. We want someone who will bring harmony and peace to Iran.” Mojtaba Khamenei has emerged as a frontrunner to succeed his late father…

If you’ve been keeping tabs on U.S. economic reports this week, the numbers are looking almost too good to be true. Manufacturing is growing again. The services sector is firing on all cylinders. Businesses are optimistic. So why does the Fed still seem to be on edge? Buried inside these positive reports is a worrying signal: prices paid by U.S. businesses are surging sky-high and tariffs are a big reason why. Here’s what you need to know about the U.S. ISM PMI surveys, what the underlying components are telling us right now, and what it all means for traders watching the…

The Dow Jones Industrial Average has fallen by 750 points, or 1.54%. The S&P 500 is down by 54 points, or 0.78%, while the NASDAQ index is the least affected, with a decline of 112.5 points, or 0.49%. Concerns over escalating oil prices are starting to take a toll on stock prices. Crude oil has surged to $79.45, up $3.36, or 4.39%, driven by increased attacks from Iran on Bahrain and Dubai.Additionally, yields are rising, with the 10-year yield up six basis points at 4.14%. This trend raises concerns domestically, particularly as we approach the critical spring selling season for…

Cicor 2025 slides: M&A drives 28% growth amid margin pressure Source link

FUNDAMENTAL OVERVIEWUSD:The US dollar strengthened across the board on safe haven demand this week after the US-Iran conflict erupted over the weekend. The main driver though was the market’s realisation that rate cuts might not come as soon as expected. In fact, higher oil prices will eventually put upward pressure on inflation and the US data this week clearly showed that the economy has been re-accelerating since the start of the year and not slowing down further. Traders pared back their rate cut bets this week with the total easing by year-end now seen around 41 bps vs 58 bps…

Nomura analysts note that Swedish CPIF and CPIF ex-energy inflation surprised to downside for a fourth month in February, with both measures slightly below levels historically consistent with the 2% target. Goods, especially clothing, drove the miss. Looking to March, analysts highlight Oil-related inflation risks and expect the Riksbank to keep its policy rate unchanged for the rest of cycle.Inflation surprise and Oil price risks”Flash CPIF inflation fell to 1.7% y-o-y (Nomura: 1.8%, consensus: 1.8%, Riksbank: 1.3%), following 2.0% previously. CPIF ex-energy inflation slowed to 1.4% y-o-y (Nomura: 1.5%, consensus: 1.5%, Riksbank: 1.7%) from 1.7% in January.””Looking at underlying inflation…

The Buy Sell Indicator MT5 No Repaint operates on a fixed signal principle. Once a candle closes and the indicator calculates its output, that arrow or signal marker becomes permanent. Most repainting indicators recalculate their values as new price data comes in, meaning what looked like a perfect setup at 9:00 AM might disappear by 9:05 AM. This particular tool typically combines multiple confirmation filters—often including momentum oscillators, moving average crossovers, and trend strength measurements. The exact algorithm varies depending on the version, but the core concept remains the same. When all conditions align on a closed candle, the indicator…

There is arguably just one to take note of on the day, as highlighted in bold below.That being for EUR/USD at the 1.1600 level. It’s the same story as yesterday as the expiries here also intersect at the same level. The dollar is once again stronger today as markets are feeling a bit more nervous again on the US-Iran conflict. And that is the bigger driver of trading sentiment at the moment.If anything, the expiries could play a small role in keeping price action more cagey around the figure level. But in all likelihood, the impact of the expiries is…