St. Louis Federal Reserve branch President James Bullard wrote an essay. It was published on Thursday.The Wall Street Journal have a (gated) piece with a summary. Bullard wrote that:the monetary-policy landscape is in "much better shape today" with the federal funds...
💸스마트폰으로 간편하게 갈아타기! 6월부터 바뀌는 4가지 정책!
https://www.youtube.com/watch?v=jTkMXBO_L3o 여러분 안녕하세요.^^ 오늘은 일상생활에서 알아두면 유용한 내용 또는 놓치면 아까운 제도 딱 4가지만 골라서 소개해 드립니다! #6월 #대출 #정부지원 MoneyMaker FX EA Trading...
Forexlive Americas FX news wrap 1 Jun: USD moves lower on lower inflation/Fed skip
The USD fell sharply today (the greenback is ending the day as the weakest of the major currencies) as the Fed "skip in June" tilt was further priced in despite the fact that ADP and initial jobless claims remained fairly strong (initial jobless claims came in at 232K...
ICYMI: BoA CEO says the FOMC has done enough tightening, its ‘won the battle’ on inflation
Comments from Bank of America CEO Moynihan on Thursday (US time), was speaking at a conference.Says the Fed has tightening monetary policy enough, its 'won the battle' on inflation :US consumer spending is slowinggrowth in lending will be slower this quarter hiring is...
US equities kick off June with big gains
It was a great start to the month for North American equity markets:S&P 500 +40 points, or 0.96%, to 4230Nasdaq Comp +1.3%DJIA +0.5%Russell 2000 +1.1%Toronto TSX Comp +0.5%For all the talk of recession, the S&P 500 is a wink away from the best levels since...
Economic calendar in Asia Friday, 2 June 2023. A light one, counting down to the NFP.
Nothing on the data agenda here today is likely to move forex rats too much upon release. Traders in the timezone will be awaiting the non-farm payroll data from the US later on Friday: This snapshot from the ForexLive economic data calendar, access it here. The times...
Trade ideas thread – Friday, 2 June 2023
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,...
By the numbers: May non-farm payrolls preview — 14 in a row?
nonfarm payrolls and the consensus estimateConsensus estimate +190K (range +100K to +293K)Private +165KFebruary +311KMarch +236KApril +190KUnemployment rate consensus estimate: 3.5% vs 3.4% priorParticipation rate prior 62.6% Prior underemployment U6 6.6%Avg hourly...
WTI crude all future settle at $70.10
The price of WTI crude futures are settling at $70.10. That's up to dollars $0.01 or 2.95%. The high price reached $71.05. The low price was a $67.54.Today the inventory data showed:Crude oil build of 4.488 million versus an expected drawdown of -1.336 millionGasoline...
Dell announces earnings early. EPS $1.31 versus $0.85 expected
Dell was expected to announce their earnings after the close. However the stock has been halted and the earnings have been released early. EPS came in at $1.31 versus $0.85 expectedRevenues were at $20.9 billion versus $20.1 billion expectedDell shares were trading at...
Student debt relief is the next big political drama in the US
The debt ceiling drama is winding down but US politics won't stay out of financial markets for long.Today, the US Senate voted on legislation to block the President's student debt relief program. The vote was 52-46 with moderate senators Joe Manchin of West Virginia...
Bitcoin buyers are holding more control. What would change that technical view?
Looking at the daily chart of bitcoin , the price moved lower yesterday and tested its rising 100-day moving average. Support buyers came in against that level. Today the price was able to move below the 100-day moving average but found support buyers near the 38.2%...
Citi predicts +200k for May NFP, maintains its call for Fed hikes in June and July
US non-farm payrollsThe upcoming May employment report, to be released tomorrow, will be one of the final data releases that will influence market expectations for another potential rate hike on June 14, according to Citi. As the Federal Reserve enters a blackout...
Harker: It’s time to hit the stop meeting for at least one meeting
Reports today from retailers show that consumers aren't spending like they used toMy preference, barring any change in data outside our forecast, is for skipping a rate hikeIt's prudent policy to skip JuneLet's skip and see how it goesIf inflation started coming down...
Fed’s Harker: We’re close to the place where we can hold rates in place
Closely monitoring data to assess whether additional policy tightening will be neededProjects 2023 GDP growth below 1%, unemployment to rise to 4.4%Expects inflation to fall to around 3.5% this year and 2.5% next year, at 2% target in 2025Sees promising signs that...
Damn the torpedoes (or UK Regulators): Microsoft looks for ways to close Activision deal
Microsoft is reportedly exploring ways to proceed with the $69 billion acquisition of Activision Blizzard, despite a veto on the deal by the UK regulators. This course of action would likely lead to legal action from the UK's Competition and Markets Authority (CMA)....
S&P index back above its 100 week moving average
S&P index back above the 100 week moving averageWith the S&P index trading near session highs at 4220.84 up 41 points or 0.98%, the index is also back above its 100-week moving average of 4198.93. The high price reached 4231.10 today. That was the highest...
Atlanta Fed GDPNow estimate for 2Q growth comes in at 2.0%
Atlanta Fed GDPNow estimate for 2Q growthThe Atlanta Fed GDPNow model estimate for Q2 growth comes in at 2.0%. That is marginally higher than the May 26th estimate. In their own words:The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in...
US dollar making new session lows versus the EUR, GBP, CAD, AUD and NZD.
The strongest to weakest of the major currenciesThe USD is making new session lows versus the EUR , GBP, CAD, AUD and NZD. The greenback is the weakest of the major currencies now. The JPY was the weakest at the start of the US session. The AUDUSD is the biggest mover...
European equity close: A strong start to June
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,...