Lower data suggest that labour market is still strong, despite recent hike to 245k. US500 rose sligtly but so far withount any significant reaction. At the same time GDP and PCE data were released, which were equally important. US jobless claims came below analysts’s expectations. Jobless Claims: Lower data suggest that labour market is still strong, despite recent […]
US, US GDP report for Q1. US, initial jobless claims. Actual: 230k. Expected: 249k. Previous: 245k Lower growth – as suggested by GDPNow model, but higher price pressures. Weak mix from the perspective of future Fed decisions. US100 loses, dollar gains slightly. Source: xStation 5
First Republic Bank (FRC.US) returned to the spotlight this week following the release of Q1 earnings report on Monday evening. Release showed a scope of damage done to the bank amid recent US banking turmoil and highlighted that the bank has not yet fend off a risk of collapse. This has triggered an around-50% plunge on […]
Central Bank of the Republic of Turkey announced its latest rate decision today at 12:00 pm BST. Market expected CBRT to hold the main 1-week repo rate unchanged at 8.50% for another month. There was no surprise as rates were left unchanged. Such a decision was widely expected and therefore no major reaction could be […]
📣US GDP report for Q1 2023 (1:30 pm BST) is the final key data releases ahead of next week’s FOMC decision US economy is slowing but a number of parts of the economy are still showing solid data. This is especially true for jobs market as well as the services sector. However, recent data releases […]
Big-tech companies are extending the wave of publishing surprisingly good quarterly results. Yesterday, Meta Platforms (META.US) boasted its results, managing to post a surprising increase in revenue, raising its full-year guidance and announcing that it will further strengthen its commitment to developing new AI solutions. All of this saw the company’s shares rise more than 12% in […]
USDJPY is one of the FX pairs that may see elevated volatility until the end of the week. This is because of a number of top-tier releases and events from the United States and Japan, scheduled for the final two days of the week. Traders will be offered a flash release of Q1 GDP report […]
US500 recovered part of yesterday’s losses after Meta reported better-than-expected earnings. Nevertheless, the technical picture remains bearish following the recent failure to break above the upper limit of the Overbalance structure at 4,190 pts. Source: xStation5
Most Asian currencies moved in a flat-to-low range on Thursday amid persistent fears of slowing economic growth and rising interest rates, while the dollar steadied ahead of key economic readings on growth and inflation due later in the day. China’s yuan was flat, but was less than 1% away from breaching the 7 level against the […]
TOKYO (Reuters) – The euro hovered near a one-year high versus the dollar on Thursday, as Europe’s resilient economy contrasted with banking contagion risks in the United States, the debt ceiling standoff and a potential recession. The risk-sensitive Aussie struggled to stay above the key 66 cent mark, while leading cryptocurrency bitcoin found its footing around $29,400 […]
