The AI revolution is happening in the US, not in Europe. Nvidia is holding up the US side of the stock market but not helping Europe any as traders fret about higher interest rates.Stoxx 600 -0.2%German DAX -0.2%UK FTSE 100 -0.6%French CAC -0.3%Italy MIB -0.25%Spain...
Fed’s Collins: A pause on rate action would give Fed space to measure impact
Fed may be at or near time to pause rate hikesInflation too high but sees promising signs of moderationWatching a wide array of dataBanking sector likely to weigh on demandThis is a bit of a pushback from the doves. The battle lines are clear now though with either...
McCarthy: I take June 1 as the debt ceiling deadline
No one seems to know exactly when the real US debt ceiling deadline is and what can be done to extend it. It depends on tax receipts, the timing of outlays and whatnot.By declaring that he sees it as June 1 and also that it will take 72 hours to get a deal written up,...
Fed’s Barkin: Some businesses still sayign they need to raise prices
The labor market is 'quite tight'Demand is definitely cooling, in part because it was overstimulated during the pandemicFed rate hikes are also helping to reduce demand Data on productivity is moving in the wrong way but much is unknown about covid impacts on hiring...
AUDUSD trades to the lowest level since November and below a key swing area
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,...
Two reasons the EUR is unlikely to see sustained appreciation – Goldman Sachs
EURUSD dailyGoldman Sachs sees limited prospects for continued EUR appreciation on muted inflows and deteriorating terms of trade. Is there enough reason for continued appreciation? Goldman Sachs believes there probably isn't. Positive yields have managed to halt...
US April pending home sales 0.0% vs +1.0% expected
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USD/CAD stretches higher as oil slumps and the US dollar climbs
USD/CAD is at the highs of the day, up 36 pips 1.3628 -- a session high.The gains come amidst a broad US dollar rally that follows signs of an imminent debt ceiling deal. That has led the market to price in a high likelihood of a Fed rate hike in either June or July,...
US major indices open mixed. Nasdaq higher as Nvidia soars
The major indices are opening mixed. NASDAQ higher as Nvidia soars after beating earnings and increasing revenue projections to $11B (from $7B this quarter). That was 50% greater than analysts expectations. It's all AI.Nvidia shares soar at the openThat's the good...
The USD moves higher and the USDJPY and GBPUSD are breaking key areas.
The USD is moving higher and the USDJPY and GBPUSD are breaking key areas. There is chatter about a debt deal possible today. Initial jobless claims and GDP were better. Stocks are higher thanks to Nvidia. The market is starting to price in a hike in June. All are...
Debt ceiling deal nears completion: Question is no longer if the Fed will hike, but when
Fed funds futures are bouncing around but currently show a 42% chance of a June 14 hike with the remainder unchanged. However there are now 22.3 bps of hiking priced in for the July 26 meeting, which is nearly a fully priced in hike.The dollar has cheered the...
EURUSD moves below a key floor. Old floor is now the ceiling.
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,...
McCarthy: Negotiators have made some progress on debt ceiling
Not everyone will be happy with debt dealNegotiators worked well past midnightI have instructed negotiators to work 24 hours a day for a dealSeparately, US Republican Rep McCaul said they're getting close to a deal and that it's down to the details.Yesterday, he said...
US initial jobless claims 229K versus 245K estimate
Initial jobless claims dipPrior week 242K revised to 225KFor the week ending May 20, initial claims were 229,000, an increase of 4,000 from the previous week's revised level of 225,000.The previous week's level was revised down by 17,000 from 242,000 to 225,000.The...
US Q1 2023 GDP (second reading) +1.3% vs +1.1% expected
The advance reading was +1.1% vs +2.0% expectedQ4 final was +2.6% annualizedDetails:Consumer spending +3.8% vs +3.7% advanceGDP final sales +3.4% vs +3.4% expectedPCE prices 4.2% vs 4.2% advanceCore PCE prices 5.0% vs 4.9% expected (4.9% advance)GDP deflator 4.1% vs...
BOJ’s Ueda: Changing YCC target to 5-year zone from 10-year a possible future tweak
Shortening duration of BOJ YCC targets to 5-year zone from 10-year would be among options if the BOJ were to tweak policy in the futureIt is possible to keep 5-year yield stable and low even by targeting 10-year yield as long as the shape of the curve is upwardJapan's...
The USD is the strongest and the NZD is the weakest as the NA session begins
The strongest to weakest of the major currenciesThe USD is the strongest and the NZD continues to decline and is the weakest of the major currencies. Fitch has placed the U.S.'s "AAA" credit rating on negative watch due to the ongoing stalemate over the $31.4 trillion...
ForexLive European FX news wrap: Dollar stays in control; Germany winter recession
Headlines:Markets:USD leads, NZD lags on the dayEuropean equities mostly lower; S&P 500 futures up 0.6%US 10-year yields up 0.9 bps to 3.755%Gold up 0.2% to $1,961.93WTI crude down 1.6% to $73.00Bitcoin down 0.2% to $26,277There are murmurs of optimism on US debt...
[수익 인증] 하루 2분! (세금 안내고) 매달 쉽게 용돈 버는 새로운 방법! (나이 학력 무관! 부업 금지 직장인도 누구나 부수입 가능) + 40만원 무료 증정 이벤트 포함
https://www.youtube.com/watch?v=92TjD5lme5I 재택 부업을 비롯해, 그동안 돈버는 다양한 직장인 부업과 투잡, 재테크를 소개해드렸는데요, 오늘은 시간 거의 안 쓰고, 세금도 안내고, 매달 쉽게 용돈 버는 새로운 방법을 소개하려고 합니다 겸업금지로 인해 부업 불가한 직장인도, 공무원도 누구나 부수입을 얻을 수 있는 방법인데요, 영상을 보시고, 월급 외 소득에 관심이 있으신 분은 도전해보시길 추천드려요! 영상을 보시면, 해당 방법이 어떤 것인지,...
DBRS Morningstar places US ratings under review with negative implications
This adds to the earlier decision from Fitch here, which is pretty much the same story. DBRS Morningstar notes that the review with negative implications "reflects the risk of Congress failing to increase or suspend the debt ceiling in a timely manner". Adding...