Author: FX
Share: In this episode, Piers joins me from NYC as we discuss why Morgan Stanley thinks the largest bank in the US could more than double its size in the coming years. We explain how the structure at JPM differs from pure investment bank firms like Goldman Sachs and the implication this has on their share price and investability. On the macro side, stocks continue to grind lower as recent strong data out of the US makes market participants think twice about a Fed pivot. Find out what’s been going on and why Morgan Stanley think things are…
Share: Alibaba stock has dropped 3.6% in Friday’s premarket. BABA is down 21% over the past month. US inflation data is causing shares to recede on Friday. Relations between China and the US are also worrying markets. Alibaba (BABA) stock has lost another 3.6% to trade at $90.80 in Friday’s premarket on the back of a higher than expected inflation reading for the US economy. The Personal Consumption Expenditure (CPE) index came in hot an hour before the stock market opened in New York. The MoM reading for January was up 0.6%, 50% higher than the 0.4% reading…
Share: The Peso depreciated against the USD yesterday. Minutes confirm Banxico’s concerns about stubborn inflation, risks remain, Elisabeth Andreae, FX Analyst at Commerzbank, reports. Political risks “On the markets, the inflation data, which remained below consensus, is likely to confirm the rate expectations. The expectations correspond with the announcement in the statement and seem to point towards a continuation of the rate cycle with smaller steps. In line with the TIE rates the market expects rates to peak at just above 11.5%. So the MXN will not find support on this front.” “The Mexican congress recently passed a…
The downside pressure picks up extra impulse and forces EUR/USD to print new monthly lows in the 1.0545/40 band at the end of the week. If sellers pus Source link
US PCE InflationCore PCE (YoY) 4.7% vs 4.3% expectedHeadline PCE (YoY) 5.4% vs 5% expectedImmediate market reaction: DXY, S&P 500, Yields (updates pouring in, refresh the article in a few minutes) Recommended by Richard Snow Introduction to Forex News Trading Inflation Reveals its Ugly HeadWhile it must be said that the market pays more attention to the CPI version of inflation, the Fed looks to the broader PCE measure as an indication of price trends. Inflation has been declining steadily but a number of different inflation measures (CPI and PPI notable) have shown a bit of a resurgence in price…
The USD is moving higher after the hotter than expected US Core PCE data. In this report I look at the technical breaks in the EURUSD, USDJPY and GBPUSD. Also as a reminder Adam Button is conducting his FREE WEBINAR. You can register and watch by clicking HERE. Source link
Share: DXY accelerates the upside past the 105.00 mark on Friday. The next target of note comes at the 2023 high near 105.60. DXY extends the upside momentum further north of the 105.00 barrier at the end of the week. The ongoing price action favours the continuation of the uptrend for the time being. That said, the dollar could now challenge the 2023 top at 105.63 (January 6) in the near term ahead of the key 200-day SMA, today at 106.46. In the longer run, the outlook for the index remains negative while below the 200-day SMA. DXY…
To bet money on a position, traders must be reasonably confident that their thesis has merit. That the current asset price is wrong and that it would go higher or lower. Their conviction in a trade idea will help them filter out market “noise” and stick to a trading plan. But successfully managing a position also requires flexibility to minimize losses and maximize returns. So how do you balance your trading conviction and your willingness to be flexible? Here are some tips: Create a clear thesis Before entering any trade, it is essential to have a clear thesis about why…
USD/JPY TALKING POINTS & ANALYSISUSD/JPY uptrend remains in placeInterest rate differentials continue to support the US DollarKazuo Ueda cast doubt on domestic demand despite strong inflation Recommended by David Cottle Get Your Free JPY Forecast JAPANESE YEN FUNDAMENTAL BACKDROPThe Japanese Yen was a little weaker against the United States’ Dollar on Friday as global investors digested parliamentary testimony from the Bank of Japan’s incoming governor. It seemed to suggest that he’ll represent clear continuity with his predecessor, and that ultra-loose monetary conditions are going nowhere anytime soon.Kazuo Ueda will take the reins from long-serving Haruhiko Kuroda on April 8, his…
Ryerson launches secondary stock offering, concurrent stock repurchase Source link