Author: FX

Lloyds Bank survey for its Business Barometer gauge of confidence hit 33% in March (prior 32%)11 month high and above its long-run average of 28measures the difference between respondents who felt more confident or less confident about their trading and economic prospectsThe survey also showed:wage growth hit a seven-month highhiring intentions up for the fifth month in a row, net balance up three points to 27%, the highest level since June of 2022 Source link

Share: EUR/JPY is set to finish the week with minimal gains of 0.18%. EUR/JPY Price Analysis: Trades sideways, with buyers unable to crack 148.00, which, once broken, could pave the way for further upside. The EUR/JPY prints back-to-back positive sessions but stays at around 147.62, almost unchanged, as Thursday’s price action formed a doji. Once the EUR/JPY reached a multi-year high at around 148.63, it was followed by a mean reversion move, ahead of the BoJ’s monetary policy decision, later in the day. At the time of writing, the EUR/JPY is trading at 147.64, gains 0.03%, as the…

AMAZON EARNINGS REPORTS KEY POINTS:Amazon’s earnings surprise to the upside, beating on both EPS and revenue expectationsShares of the tech company soar in extended trading following first-quarter resultsS&P 500 futures extend gains as the e-commerce giant delivers Recommended by Diego Colman Get Your Free Equities Forecast Most Read: Nasdaq 100 Blasts Higher as Meta’s Earnings Boost Tech, Apple in Focus Next WeekAmazon’s shares soared as much as 10% at one point in extended trading after announcing better-than-expected quarterly results, sending S&P 500 futures slightly higher.On the details, the e-commerce company reported earnings per share of $0.31 on revenue of $127.4…

Atco Non-GAAP EPS of C$1.21, revenue of C$1.35B Source link

NASDAQ 100 OUTLOOK:Nasdaq 100 soars more than 2.0% as tech earnings boost sentimentMeta Platforms’ shares surge more than 14% after Q1 financial performance beats estimatesApple’s quarterly results will steal the limelight next week, with an upside surprise likely due to the strong U.S. consumer during the first three months of the year Recommended by Diego Colman Get Your Free Equities Forecast Most Read: Exploring Seasonality in Wall Street, Europe, and Asia-Pacific Stock MarketsThe Nasdaq 100 blasted higher on Thursday, rising for the second day in a row, bolstered by Meta Platform’s solid rally. Shares of the social networking company surged…

The USDCAD moved to a swing area target and 61.8 Retracement level this week and that area stalled the rise. In trading today, sellers have pushed lower but has run into support at the 100 hour MA. So buyer and sellers have defined the close support and resistance. Traders are waiting for the next shove outside one of those technical levels. Source link

Share: The index leaves behind the initial pessimism and moves to 101.70. Advanced US GDP surprised to the downside in Q1. Weekly Claims rose more than expected last week. The greenback regained sudden upside traction and advanced to fresh daily highs near 101.80 when measured by the USD Index (DXY) on Thursday. USD Index stronger on data, yields The choppy trade around the index – and the rest of the global assets – remains well and sound on Thursday. Indeed, the US Dollar manages to gather fresh steam after the US docket showed the flash GDP Growth Rate…

The US GDP report revealed personal income growth of a slightly stronger than expected 5.1% for total income and 12.5% for disposable income in Q1, after respective Q4 rates of 7.5% and 8.9%.  Implied Fed funds futures rose in the wake of the data that showed an acceleration in core PCE inflation to a still too hot 4.9%. That goes against the FOMC’s criteria for a pause — evidence of a sustained trend toward the 2% target. A quarter point rate hike is built into the market as reflected by the May contract at 5.049% while June is…

Eventhought the markets are pricing in the end of Fed rate hikes after next month’s 25 bp hike, the latest data have not given the FOMC the opportunity to pause, and that is adding to the threat of a slowing/contracting economy. There are also concerns over the strength of China’s recovery. Rate hikes from the FOMC, ECB, and BoE in May are universally expected. The major uncertainty now is whether these will be the last of the moves.  This week’s however US durables report and Consumer Confidence were  more weaker than expected and earning reports added to fears of a downturn…

Textron reports mixed Q1 earnings; initiates FY23 outlook Source link