Preliminary reading was +1.3%Final Q4 reading was +2.6% (unrevised)Consumer spending +4.2% vs +3.8% 2nd readingCore PCE prices +4.9% vs +5.0% expectedPCE prices % vs +4.2% 2nd readingGDP final sales +4.2% vs +3.4% 2nd readingCorporate profits after tax -5.9% vs -6.8%...
The AUD is the strongest and the CAD is the weakest as the North American session begins.
The strongest to the weakest of the major currenciesThe AUD is the strongest and the CAD is the weakest as the North American session begins. The USD is weaker a day after rising sharply. Recall from yesterday, the leaders of major central banks at the European...
Germany June preliminary CPI +6.4% vs +6.3% y/y expected
Prior +6.1%CPI +0.3% vs +0.2% m/m expectedPrior -0.1%HICP +6.8% vs +6.7% y/y expectedPrior +6.3%HICP +0.4% vs +0.3% m/m expectedPrior -0.2%The slightly higher reading than estimated here was already predicated by the state readings earlier. In any case, just be...
Equities leaning more positively ahead of US trading
Here's a snapshot of the equities space:Eurostoxx +0.6%Germany DAX +0.3%France CAC 40 +0.8%UK FTSE -0.2%S&P 500 futures 0.3%Nasdaq futures +0.4%Dow futures +0.3%Things are improving after a bit of a tepid and flattish start to the session. And that is helping to...
ForexLive European FX news wrap: Dollar mildly lower as risk gradually picks up
Headlines:Markets:AUD leads, USD lags on the dayEuropean equities higher; S&P 500 futures up 0.3%US 10-year yields up 3.3 bps to 3.744%Gold up 0.2% to $1,910.13WTI crude up 0.5% to $69.89Bitcoin up 1.8% to $30,653There was plenty of central bank talk during the...
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https://www.youtube.com/watch?v=Dx8a41Ml5ZI 7월부터 전국적으로 시행되면서 최대한 많은 분들에게 해당하고, 일상생활 속에서 알아두면 도움이 되는 알짜 정보들만 골라서 소개해 드립니다. 무료 혜택이나 더 늘어나는 지원금 등 유용한 정보 확인하세요! #7월부터 #하반기달라지는 #정부지원금 MoneyMaker FX EA Trading...
Fed’s Bostic: Nobody should take a signal from my view that we should pause
There are undoubtedly scenarios where we could move at two meetings in a rowI'm not expecting that will happen but if it is what is needed, we'll do itNobody should take a signal from my view that we should pauseI'm less concerned about high inflationDude.. That's...
Fed’s Bostic: I don’t see as much urgency to move as stated by others
We're not seeing inflation moving away from targetI'm comfortable waitingIf inflation seems to significantly stall, then we'll probably do moreJust take note that on the headline remark, he adds that he doesn't share the view of hiking in July - which is a view that...
Gold stays on the corrective path, when will buyers emerge?
It has been quite a straightforward downside move in gold after the break of its 100-day moving average (red line) earlier this month. Price is now down 0.1% to $1,905 levels as sellers stay on the hunt of a push towards the $1,900 mark:Gold (XAU/USD) daily chartThe...
Eurozone June final consumer confidence -16.1 vs -16.1 prelim
Economic confidence 95.3 vs 96.0 expectedPrior 96.5; revised to 96.4Industrial confidence -7.2 vs -5.5 expectedPrior -5.2; revised to -5.3Services confidence 5.7 vs 5.5 expectedPrior 7.0; revised to 7.1There is a slight dip to euro area economic confidence, mainly...
Saxony June CPI +6.8% vs +6.5% y/y prior
This just reaffirms that we should see a slightly higher headline annual inflation reading for Germany later, with the reading set to be somewhere around 6.3% to 6.4% - compared to the 6.1% reading in May. That said, do keep in mind that the "higher" estimate this...
EURUSD – Stuck in the middle with you
It is very difficult to define a precise direction for the EURUSD in 2023. In fact, there is nothing more accurate than to say that the pair is stuck in a sideways range between 1.05 and 1.105 and continues to test first one side and then the other. Only recently, at...
Market Update – June 29 – Stocks mixed as Treasury yields back up
Treasury yields finished at/near the day’s richest levels even as Fed Chair Powell and his G3 colleagues warned of further tightening ahead. However, there were no new insights there to allow dip buyers to provide support. There was also some front-running of...
UK May mortgage approvals 50.52k vs 49.70k expected
Prior 48.69k; revised to 49.02kNet consumer credit £1.1 billion vs £1.5 billion expectedPrior £1.6 billion; revised to £1.5 billionMortgage lending continues to sit in negative territory in May but just barely with individuals repaying, on net, £0.1 billion of...
Bavaria June CPI +6.2% vs +6.1% y/y prior
The other state readings released at the same time:Hesse CPI +6.1% vs +5.9% y/y priorBrandenburg CPI +6.7% vs +6.3% y/y priorBaden Wuerttemberg CPI +6.9% vs +6.6% y/y priorThe readings are just slightly higher but keep in mind that this also has much to do with base...
Japan finance minister says closely watching FX moves
No comment on FX levelsBut one-sided and unstable moves are undesirableWon't rule out any options if FX moves are excessiveThis comes as USD/JPY is still on approach towards the 145.00 mark, with the high earlier touching 144.70 before a slight drop as seen...
Major currencies mostly little changed on the day
The overall risk mood is keeping rather tentative and the dollar is sitting more mixed so far. Most dollar pairs are seeing just 0.1% change or less, so that speaks to the lack of appetite to start the session. But do keep an eye out on USD/JPY though as the pair just...
ECB’s de Cos: September meeting decision is “absolutely open”
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Fed’s Powell says expects moderate pace of interest rate decisions to continue
He's not giving much away with such a vague statement. It could still mean a further pause in July or a continuation of rate hikes again. Powell also says that they are monitoring the banking sector "very carefully" still, after the events in March to April.MoneyMaker...
European equities little changed to start the day
Eurostoxx flatGermany DAX flatFrance CAC 40 +0.1%UK FTSE -0.1%Spain IBEX flatThere's not much appetite so far on the day as European traders are perhaps a bit more guarded ahead of month-end and quarter-end in the coming sessions. US futures are also not hinting at...