Author: FX
The January 2025 employment report is due from the US on Friday, May 2, 2025, at 0830 US Eastern time, 1330 GMT.You can see the consensus estimate in the screenshot below:The number in the right-most column is the ‘prior’ (previous month) result.The number in the column next to that, where there is a number, is the consensus median expected.This snapshot from the ForexLive economic data calendar, access it here.Taking a look at the range of expectations compared to the median consensus (the ‘expected’ in the screenshot above) for the key data points:Headline NFP number:Unemployment rate:Average hourly earnings m/m:Average hourly earnings…
Australia’s Retail Sales, a measure of the country’s consumer spending, rose 0.3% MoM in March, compared to an increase of 0.2% in February, the official data published by the Australian Bureau of Statistics (ABS) showed on Friday.The reading came in below the market expectations of 0.4%. Market reaction to Australia’s Retail Sales dataAt the time of writing, the AUD/USD pair is up 0.32% on the day at 0.6403. Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the…
The Trend Flex x 2 is a custom indicator built for MetaTrader 4 (MT4), designed to highlight market trends in a simple and visual way. It helps traders identify when the market is trending up, down, or moving sideways. Unlike more complicated tools, this one is easy to read and doesn’t flood your screen with too much data. It’s especially helpful for beginners or anyone who prefers a cleaner chart setup without sacrificing useful information. How It Works The indicator uses a combination of trend strength and direction to plot its signals. It changes color based on whether the trend…
Analysts at Macquarie say that even if Trump reverses all his tariffs the US dollar is unlikely to fully recover all of its recent losses. They give three reasons :any capital flight from the U.S. isn’t just about foreign central banks, sovereign wealth funds, or public pension plans abroad selling their U.S. assets at the direction of foreign politiciansAnd add a fourth reason on why foreign holders need to diversify away from the dollar:the reduction in the integrity of some US institutions and systemsOnce trust is blown, its very difficult to recover. Macquarie conclude that the USD will become less…
Nuthawut SomsukHiring by U.S. employers in April is expected to fall off from March’s robust increase in nonfarm payrolls when the Department of Labor issues its Employment Situation report on Friday. The average estimate of economists sees 130K added to U.S. payrolls, down Source link
Automakers could still face up to $12,000 impact per car from tariffs Source link
Microsoft and Meta beat Q1 estimates, fueling AI-linked stock surge and tech-led Dow rally.ISM Manufacturing PMI contracts; jobless claims hit highest since February, raising slowdown concerns.Markets price in 94 bps of Fed cuts for 2025; 2-year yield signals policy shift ahead.The Dow Jones Industrial Average (DJIA) rallied over 100 points, or 0.24%, on Thursday after big tech companies posted strong earnings reports, ignoring surveys that underscored the ongoing economic slowdown in the United States. At the time of writing, the DJIA is holding firm at nearly 40,600 after hitting a daily high of 41,096.DJIA climbs as big tech lifts sentiment,…
SPX daily’Buy America’ is the theme as the market anticipates some kind of trade deal to be announced later today.That’s led to strong US dollar bids across the board that have accelerated in the last hour. In addition, stock markets are at the highs of the day with the S&P 500 up 1.4% and the Nasdaq up 2.4%. After falling into negative territory pre-market, the Russell 2000 is up 1%.Aside from trade, one thing that could be driving bids is the tone from Congress around the big tax cut message. It’s tough to trust a politician but all the comments…
The Bank of Japan (BoJ) kept its benchmark interest rate unchanged at 0.5% today, triggering a significant weakening of the Japanese yen across major currency pairs. The decision reflects the central bank’s cautious stance amid ongoing global trade uncertainties and domestic economic headwinds. Key Takeaways: Maintained its benchmark rate at 0.5%, as widely expected Revised growth forecasts downward, citing global trade war concerns Pushed back the timeline for achieving its 2% inflation target to fiscal 2027 Emphasized commitment to accommodative financial conditions Acknowledged risks from U.S. tariffs and potential global economic slowdown In his press conference, BoJ Governor Kazuo Ueda…
EUR/USD rebounds to near 1.1330 as the USD Index struggles to break above the key level of 100.00.The US Dollar faces pressure due to a weak US economic outlook in the face of Trump’s tariff policy.ECB officials have warned that risks to inflation are skewed to the downside.EUR/USD flattens around 1.1330 during North American trading hours on Thursday. The major currency pair recovers its initial losses after sliding to near 1.1285 as the US Dollar Index (DXY), which tracks the Greenback’s value against six major peers, gives back some early gains after failing to extend its two-day recovery above the…