The Australian dollar is the best performing G10 currency today, following the release of RBA minutes. The document included an important change from the previous one – RBA noted that recent developments like accelerating inflation and wage growth as well as solid economic indicators may warrant a quicker start to the monetary tightening cycle. Earlier, […]
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19
Apr
Apr
Netflix & Lockheed Martin Top Today’s Earnings Calendar
European markets set for lower opening. Housing market data from Canada and the United States. IBM, Lockheed and Netflix to report earnings after session close. Futures markets point to a lower opening of the first post-Easter session in Europe. However, European investors returning to the markets following a long weekend will not be offered any […]
19
Apr
Apr
Good Morning Traders
US indices finished yesterday’s trading lower. Dow Jones dropped 0.11%, Nasdaq moved 0.14% lower while S&P 500 finished flat. Russell 2000 dropped 0.74%. Stocks from Asia-Pacific traded mixed today. Nikkei, S&P/ASX 200 and Kospi gained while indices from China traded lower DAX futures point to a slightly lower opening of the European cash session. According […]
18
Apr
Apr
Midday Market Update
Trading in the markets has been quiet so far. EURUSD continues its small declines, which doesn’t bother gold, which is breaking through the 1990 USD per ounce. The commodities market is quite volatile today, although trading in some industrial metals is still not possible, due to the London market closure. The oil market is volatile […]
18
Apr
Apr
Oil up 1% on Open
Trading on the oil market is back after the Easter break. Today’s session on the oil market started on a positive note, with about a 1% increase. The main reason for the increases is again concerns about future oil supply. There is speculation that the European Union may impose price and export regulations on Russian […]
15
Apr
Apr
Looking Ahead
Upon returning from the long Easter weekend traders, apart from recent regular themes in the market, like monetary tightening and Russia-Ukraine war, will get some data to focus on. This includes flash PMIs from Europe as well as CPI data from Canada. Last but not least, traders will get some financial reports from well-known US […]
15
Apr
Apr
USD up on Industrial Production Data
Industrial production in the US increased to 0.90 % in March, from an upwardly revised 0.9% (from 0.5%) increase in February and above market consensus of a 0.4% advance. Manufacturing output advanced 0.9% more than forecasts of 0.6% but slowed from February’s 4-month high of 1.2%. The indexes for durable and nondurable manufacturing increased 1.3% and 0.4%, respectively, while the output […]
15
Apr
Apr
NYE State Manufacturing Index rose to 24.6 pts
The New York Empire State Manufacturing Index rose to 24.6 pts in April- highest level since December 2021, from -11.8 pts in March and compared with market expectations of 0.5 increase. Further details of the publication: New orders 25.1 versus -11.2 in March prices paid +86.4 a new record versus 73.8 March employment index +7.3 versus +14.5 of […]
15
Apr
Apr
Smart Contracts Smart Africa
Technological evolution The evolution of blockchain technology continues despite the correction in the cryptocurrency market. The number of people using cryptocurrencies has increased almost 3 times compared to January 2021. Technological progress has a chance to translate into the functioning of the financial system not only in developed countries, but to a large extent in […]
15
Apr
Apr
Talking Ethereum
As the Easter break in many countries has already begun, the majority of equity and commodity markets in the Western countries will be shut today. However, there is an asset class that trades regardless of weekends or holidays – cryptocurrencies! Lower liquidity resulting from closure of more traditional markets combined with higher interest in cryptos […]