Author: FX
Q2 kicks off with Easter Week, meaning many markets around the world will be closed, likely making for a slower, quieter pace of trading after the whiplash in Q1. USD strengthened today and extends Friday’s gains with the help of diminished bank fears and the improved outlook on the economy. US Stock markets closed out Q1 firmly with solid gains and some quarter-end flows. The major indexes are higher for the year-to-date, paced by the US100‘s 16.8% pop. Asian markets are higher into the new quarter, US futures are mostly lower but European are mixed. Australian national home values rose…
<ul><li>Prior +3.4%</li><li>Core CPI +2.2% y/y</li><li>Prior +2.4%</li></ul><p style="" class="text-align-justify">On the month itself, inflation increased by 0.2% and that is slightly lesser than estimated (0.4%). The other positive development is that core annual inflation is also seen softening, alongside the headline reading. The latter of course is largely due to base effects.</p> This article was written by Justin Low at www.forexlive.com. Source link
Share: GBP/USD has faced barricades near 1.2300 after an attempt of recovery. S&P500 futures are holding onto losses generated in the Asian session, portraying a cautious market mood. The USD Index has refreshed its weekly high above 103.00 as higher US inflation expectations were prompted by upbeat oil prices. The GBP/USD pair has slipped sharply below the round-level support of 1.2300 in the Asian session. The Cable went through turbulent times as investors shifted their funds into the US Dollar Index (DXY) in hopes that the Federal Reserve (Fed) will hike rates further dramatically. The USD Index has…
The RBA and RBNZ are kicking off another round of interest rate decisions this week! Will we see a rate hike pause? Meanwhile, we’ll see updated U.S. labor market numbers when a couple of PMIs, the ADP report, and the closely watched NFP data are released. Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched potential market movers on the economic calendar this week: Major Economic Events: RBA’s policy decision (Apr 4, 4:30 am GMT) – Given that Reserve Bank of Australia…
once heard from a fellow trader say, “A trend is a run, and a run is a trend. The difference lies only on the timeframe.” I’m not sure if this was originally his or he just quoted this. Still, this thought on trading holds a lot of truth in it. Many traders use trends and momentum interchangeably. In a way, trends and momentum does have so many similarities. In fact, traders may argue that they are the same. However, my personal take is that trends tend to matter for the longer-term direction while momentum matters for the more immediate direction.…
Last Tuesday (March 28), Alibaba Group announced “the most important organizational change in 24 years” with the purpose of achieving “agile organization”, that is, the “1+6+N” organization. This means that Alibaba’s six major business groups (Taobao Tmall Business, Alibaba Cloud Intelligence, Local Life, Cainiao, International Digital Commerce, and Big Entertainment) and multiple business companies (Ali Health, Sun Art Retail, Yintai Commercial, Quark, etc.) will be independently responsible for and operate their respective departments. Except for Taobao Tmall Business Group, the other business groups have the possibility of independent financing and seeking a separate listing. This is comparable to the largest…
2/2 © Reuters. FILE PHOTO: A panhandler’s plastic container of dollar bills is seen outside NYPD barricades across the street from Trump Tower after former U.S. President Donald Trump’s indictment by a Manhattan grand jury following a probe into hush money paid to por 2/2 By Jonathan Allen and Karen Freifeld NEW YORK (Reuters) – New York City police have thrown up metal barriers around Trump Tower and blocked roads near Manhattan Criminal Courthouse as they brace for potential protests ahead of Donald Trump’s expected surrender to prosecutors on Tuesday. The former president is due to be arraigned at the…
ermingut/iStock Unreleased via Getty Images McDonald’s Corp. (NYSE:MCD) has reportedly told corporate employees that its U.S. offices will remain closed early this week so the company can announce layoffs as part of a broad restructuring. The Wall Street Journal quoted an internal email to employees as saying that staffers should work from home Monday through Wednesday so the fast-food giant can deliver layoff news virtually. “During the week of April 3, we will communicate key decisions related to roles and staffing levels across the organization,” MCD wrote employees, according to the Journal. The publication said the memo also instructed U.S.…
<p>Preliminary and prior are here:</p><ul><li><a href="https://www.forexlive.com/news/japan-preliminary-march-2023-manufacturing-pmi-486-prior-477-20230324/" target="_blank" rel="follow">Jibun S&P Global Flash Manufacturing PMI from Japan in March 2023 is 48.6 prior 47.7</a></li></ul><p>The final comes in at 49.2, the fifth consecutive contraction. </p><p>In summary from the report:</p><p>Usamah Bhatti, Economist at S&P Global Market Intelligence, said: </p><ul><li>panel members signalling subdued market demand in both domestic and international markets</li><li>backlogs of work fell at a sharp pace for the sixth successive month</li><li>manufacturers were increasingly stockpiling finished goods, as the holdings of post-production inventories rose at the steepest rate since February 2009</li><li>further tentative signs that inflationary pressures were easing in March, as signalled by the…
Crude Oil, OPEC+, WTI, Brent, Russia, US, China, Kurdistan, Turkey – Talking PointsCrude oil raced to a 2-month high this morning on OPEC+ newsThe group will be cutting output by more than a million barrels per daySupply issues elsewhere seem to be adding to the short squeeze. Where to for WTI? Recommended by Daniel McCarthy How to Trade Oil Crude oil ran over 8% higher first thing Monday morning after the unexpected output cut announced by OPEC+ over the weekend. The blistering rally comes after black gold surged over 9% last week.Prices have eased off since the jump on the…