Author: FX

Details:Conditions 45.8 vs 48.0 prelim Prior 47.8Expectations 44.1 vs 48.5 prelimPrior 48.51-year inflation 4.8% vs 4.6% prelim (Prior was 4.5%)5-year inflation 3.9% vs 3.4% prelim (Prior was 3.4%)UMich notes: “Consumer sentiment fell for the third straight month as supply disruptions in the Strait of Hormuz continue to boost gasoline prices. Sentiment is now just below the previous historical trough seen in June 2022. The cost of living continues to be a first-order concern, with 57% of consumers spontaneously mentioning that high prices were eroding their personal finances, up from 50% last month. Lower-income consumers and those without college degrees posted…

BNY’s Bob Savage says global equities are posting another weekly gain, led by technology, even as Oil and the Dollar rise and risk-off momentum in iFlow accelerates. Equity outflows have intensified overall, but flows into core government bonds remain resilient. The report stresses that changing correlations are challenging risk parity strategies as stocks and bonds increasingly move together.Risk parity strained by shifting correlations”The U.S. stock market is set for another weekly gain, making the run-up in risk the best since 2023. However, correlations for risk are mixed. On the day, oil is higher, as is USD.””Both of these usually mean…

Even seasoned traders can lose composure and let emotions take charge, but keeping your cool will help you stay objective. Just keep these three simple tips in mind! Source link

The latest bullish call comes from UBS Global Wealth Management, who revised their year-end target for the S&P 500 to 7,900. The brokerage firm previously forecast the US benchmark index to close out the year at 7,500.In their latest note, they mentioned that US equities have remained resilient despite the negative headwinds from the Middle East conflict. That comes as the market is driven up by hopes of an end to the war, strong Q1 earnings, and continued AI momentum.As such, they view that Wall Street will continue to tear it up in the second-half of the year and close…

Deutsche Bank’s Jim Reid notes that improved sentiment around a potential Iran deal helped the S&P 500 recover earlier losses and close slightly higher. The index is less than 1% below its record high and on track for an eighth straight weekly gain, led by defensive sectors and blue-chip names, while some tech and consumer names underperformed on earnings news.Index nears record as risk mood improves”The tentative optimism meant 10yr Treasuries (-1.4bps) and the S&P 500 (+0.17%) posted modest gains, with equity futures and Asian markets also moving higher this morning.””For equities, improved optimism on Iran meant that US stocks…

The MT4 drawdown indicator automates that calculation and displays it directly on the chart or in a corner dashboard, updating tick by tick. Most versions track two values simultaneously: the current drawdown (how far equity has fallen from its most recent peak) and maximum drawdown (the worst decline recorded across the full history or selected lookback period). Some builds also show drawdown as both a dollar figure and a percentage, which matters more than traders realize — a $500 drawdown on a $2,000 account is a very different situation than the same $500 on a $50,000 account. The calculation runs…

Every month, thousands of purchasing managers — the people inside companies who actually buy the raw materials, hire the workers, and sweat the supply chains — fill out a survey about whether business is getting better or worse. The results get crunched into a single number called the Purchasing Managers’ Index (PMI). Think of it as a monthly temperature check for the private sector. A reading above 50 signals expansion; below 50 signals contraction. This week’s flash PMI reports rattled markets, as Middle East tensions and shipping disruptions fueled a fresh supply shock across the global economy. Businesses are dealing…

GBP/USD is testing key levels as Sterling’s surprising resilience runs into weak U.K. growth and stubborn dollar strength. Source link

InPost says FedEx-led $9 billion buyout offer to run from May 26 to July 27 Source link

Summary:Iran war newsflow was subdued; talks between Tehran and Washington are continuing via Pakistani intermediaries, focused on establishing a framework for a potential agreementJapan’s core CPI rose 1.4% year-on-year in April, a four-year low and below the 1.7% consensus; the core-core measure, which strips out fresh food and energy and is closely watched by the BOJ, slowed to 1.9% from 2.4% in March, its weakest since July 2024Asian equities traded mostly higher, drawing support from a solid Wall Street handover and cautious optimism around Iran developmentsThe Nikkei gained more than 2%; mainland Chinese equities lagged at +0.2% while Hong Kong…