Author: FX
Let’s dig into the non-farm payrolls report and the numbers we have so far.What’s expected:Consensus estimate +60K (range -25K to +125K)January -92KPrivate payrolls consensus estimate +70KUnemployment rate consensus estimate: 4.4% vs 4.4% priorParticipation rate prior 62.0%Prior underemployment U6 prior 7.9%Avg hourly earnings y/y exp +3.7% y/y vs +3.8% priorAvg hourly earnings m/m exp +0.3% vs +0.4% priorAvg weekly hours exp 34.3 vs 34.3 priorFebruary jobs so far:ADP employment report 62K vs 66K priorISM services employment not yet releasedISM manufacturing employment 48.7 vs 49.0 priorChallenger Job Cuts 60,620 vs 78,327 priorPhilly employment +0.8 vs -1.3 priorEmpire employment +5.8 vs +4.0 priorInitial…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…
ING’s Min Joo Kang notes that South Korea’s March consumer price inflation rose modestly, with government fuel caps and food vouchers limiting the impact of higher Oil costs. Core inflation eased slightly, but ING expects recent energy and currency moves to push prices higher in coming months. The Bank of Korea is projected to stay cautious as it monitors external shocks.Oil and currency seen lifting prices”South Korea’s consumer price inflation rose 2.2% year-on-year in March (vs 2.0% in February, 2.3% market consensus). On a monthly basis, prices rose 0.3%, below the market consensus of 0.6%. Rising global oil prices explained…
General Dynamics unit wins $1.27B contract modification for submarine work Source link
Trump’s hawkish Iran speech sent oil prices surging more than 10% and triggered sharp swings across markets, with the U.S. dollar closing as the session’s top performer. Source link
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…
Tomorrow is one of those rare calendar collisions: the March non-farm payrolls report is released at 8:30 am ET on Good Friday — a day when the stock market is closed.Good Friday has been a NYSE holiday almost every year since 1864. It’s the only stock market holiday that isn’t also a federal holiday. The date moves around because it’s tied to the lunar calendar — and this year it falls on April 3.The BLS releases the employment situation report on the third Friday after the week containing the 12th of the month, which is usually the first Friday of…
Commerzbank’s Tatha Ghose argues that upcoming Turkish CPI data are largely obsolete given the looming impact of higher energy prices. He expects a strong March monthly print but stresses that external-shock inflation may be treated as transient by FX markets. Regardless, he maintains that the Lira is likely to continue a steady structural depreciation path, with geopolitics shaping near-term reactions.External shock inflation and structural FX drag”On Good Friday, Turkey’s statistics office will release March CPI and PPI data. Market expectations point to a slight moderation in headline CPI year-on-year, but an acceleration in core inflation. However, under current circumstances, our…
Nvidia's H100 GPU rental prices surge nearly 40% in 6 months: SemiAnalysis Source link
The USDCAD closed Monday at 1.3917. Although the pair pushed higher on Tuesday to a cycle high of 1.39658, that momentum could not be sustained. The price reversed lower, closing at 1.3907, and extended the decline today to a low of 1.3870.On the move down, sellers were able to push below the rising 100-hour moving average, but downside momentum stalled ahead of key support. The price held above the 38.2% retracement of the rally from the March 23 low at 1.38525 and the rising 200-hour moving average at 1.38465. Those levels remain critical downside targets—break below them would be needed…