Author: FX
The NZD/USD pair extends the decline to a near four-month low around 0.5710 during the Asian trading hours on Friday. The New Zealand Dollar (NZD) softens against the US Dollar (USD) on the downbeat Chinese economic data and heightened geopolitical tensions in the Middle East. Trading volumes are likely to be thin due to the Good Friday holiday.Data released by RatingDog on Friday showed that China’s Services Purchasing Managers’ Index (PMI) declined to 52.1 in March from 56.7 in February. This figure came in below the market consensus of 53.7. The China-proxy Kiwi edges lower following the weaker Chinese data. Additionally,…
NZD/CHF is sitting at a key support zone as weak Kiwi demand meets shaky franc flows, setting up a potential bounce play. Source link
The No Supply No Demand Indicator MT5 focuses on that missing piece. It highlights moments when the market shows weak buying or selling pressure. Instead of guessing, traders get visual clues about when volume dries up or when interest returns. This helps filter low-quality setups and improves timing around support and resistance. The next sections explain what this tool is, how it works, and how traders apply it in real charts. What Is the No Supply No Demand Indicator MT5? The No Supply No Demand Indicator MT5 is a technical tool based on volume spread analysis (VSA). It aims to…
Japan’s services sector remains in expansion but is losing a little momentum, with weaker demand growth, rising energy-driven costs, and sharply lower business confidence signalling a more uncertain outlook.Summary:Japan Services PMI eases to 53.4 (prev 53.8), still solid expansion New orders growth slows to a three-month low Cost pressures intensify, driven by energy and Middle East conflict Selling price inflation remains elevated but eases from peak Business confidence drops to lowest since pandemic Employment growth softens amid weaker demand momentum Composite PMI also slows, confirming broader moderationJapan’s service sector continued to expand in March, though momentum showed early signs of…
Goolsbee warns the oil shock risks derailing disinflation, with duration key. Rising gasoline prices could lift inflation expectations, complicating Fed policy just as inflation was expected to ease. ICYMI, Thursday oil price jump: WTI crude oil up $11.25 to $111.38Summary:Goolsbee flags oil surge as “pretty serious,” with duration key for inflation outlook Warns prolonged energy shock will feed into consumer sentiment and broader prices Says gasoline spikes risk lifting inflation expectations — a key Fed concern Notes unfortunate timing as inflation had been expected to ease Flags rising uncertainty from oil shock complicating policy path Describes labour market as “low-hire,…
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…
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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