Author: FX
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…
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Apple and Amazon to report, with AI rollout and China exposure key watchpointsApple is poised to release its Q2 results today, with analysts expecting modest year-on-year growth. Revenue is forecast to reach $94.2 billion – up 3.8% – while net income is projected to rise 2.5% to $24.2 billion. The services division – comprising the App Store, iCloud, and advertising – is expected to post a 12% gain and continue offsetting sluggish iPhone sales, which have been weighed down by lengthened upgrade cycles and trade-related headwinds. Gross margin is set to improve to 47.1% – reflecting strong cost control and…
The Tether Line MT4 Indicator is a custom technical tool that works on the MetaTrader 4 (MT4) platform. It’s based on the Ichimoku Kinko Hyo system, specifically the Kijun-sen (also called the “Base Line” or “Tether Line”). The indicator calculates an average of the highest high and lowest low over a set period, usually 26 periods by default. The result is a smooth line that acts as a strong reference point for market direction. Traders use it to spot trends, support and resistance levels, and potential reversal points. Why Do Traders Use It The strength of the Tether Line lies…
EUR/USD has eased off its fresh 2025 highs and is now testing an important technical area. Will the bulls make a move at the level? Let’s take a closer look at EUR/USD’s daily chart: EUR/USD Daily Forex Chart by TradingView Easing global trade tensions, upbeat corporate earnings, and some positive surprises in mid-tier Euro Area data have helped lift EUR/USD to fresh 2025 highs near 1.1570. But rising expectations for Fed rate cuts are pushing U.S. assets higher, which could give the dollar some short-term support. Could this week’s events pull EUR/USD lower toward a key technical zone? Remember that…