ECB's PanettaThe market is increasingly comfortable with a June ECB rate cut and the door is cracked open to moving in April. Pricing is 99% for June right now and just 8% for April.Given that there is less than a week until the April 11 decision, that's not a big...
Dow Jones Analysis: NFP Data Release!
The Dow Jones declines to its lowest level since 11th November 2023. The NASDAQ declined 1.75%, the Dow Jones declined 1.48%, the SNP500 by 1.40%. On Thursday, Semiconductors and chip supplying companies took the biggest hit within the stocks market. Advanced Micro...
Weekly Market Recap (01-05 April)
Over the weekend, the Chinese March PMIs beat expectations across the board:Manufacturing PMI 50.8 vs. 50.1 expected and 49.1 prior.Services PMI 53.0 vs. 51.5 expected and 51.4 prior.China Manufacturing PMIECB’s Stournaras (dove – voter) over the weekend shared his...
What’s priced in for the Federal Reserve after non-farm payrolls
AI imageThe March non-farm payrolls report was stronger than expected at +303K compared to +200K expected. The details were also better, including labor force participation, unemployment and wages. That's led to a hawkish response in the rates market, with Treasury...
US March non-farm payrolls +303K vs +200K expected
Prior +275K (revised to +270K)Two-month net revision +22K vs -167K priorUnemployment rate 3.8% vs 3.9% expectedPrior unemployment rate 3.9%Participation rate 62.7% vs 62.5% priorU6 underemployment rate 7.3% vs 7.3% priorAverage hourly earnings +0.3% m/m vs +0.3%...
Canada March employment -2.2K versus +25K expected
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,...
Locked and loaded for another edition of non-farm payrolls: Does this one even matter?
Non-farm payrolls are due at the bottom of the hour and there is the usual chorus of 'most-important jobs report ever' talk but I'll take the opposite side of that.The consensus is +200K and I don't think it matters much if it's 100K on either side of that. Of course,...
ForexLive European FX news wrap: Slow trading ahead of US jobs data
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,...
USD/CAD expectations
While both the Fed and the BoC are expected to start cutting interest rates sometime this year, some analysts expect the BoC to potentially open the door for a June rate cut due to the rising unemployment rate caused by migration coupled with an inflation cooldown....
Eurozone Retail Sales m/m -0.5% vs -0.3% expected
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,...
UK Construction PMI 50.2 vs 49.8 Expected
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,...
Market News – NFP day; Geopolitics triggering a flight to safety!
Economic Indicators & Central Banks: Global Stocks fell ahead of today’s jobs report, which coupled with the rising geopolitical risks and the angst over the FOMC’s rate trajectory triggered a flight to safety, hence boosting the haven demand....
HCOB Eurozone Construction PMI m/m 42.4 vs prior 42.9
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,...
HCOB Italy Construction PMI m/m 50.3 vs 50.3 prior
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,...
HCOB Germany Construction PMI m/m 38.3 vs 39.1 prior
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,...
Switzerland SECO Consumer Climate -38 vs -41 Expected
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,...
Switzerland March foreign currency reserves CHF 715B vs CHF 678B prior
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,...
Japan’s PM Kishida to Take Appropriate Action if There are Excessive FX Moves
He also mentioned they will use any means to respond to excessive Forex moves.It's desirable for Forex to move stably reflecting the fundamentals, volatile movements are not favorable.Controlling currency is not an objective of the Bank of Japan's monetary policy.The...
French Industrial Production 0.2% vs 0.5% expected
Prior -1.1%.French Industrial Production m/m it is an economic indicator that measures the percentage change in the total output produced by French industries from one month to the next. This data provides insights into the performance of the industrial sector in...
The biggest paper trading competition on Earth. Here is the top 10. What traders can learn
Paper trading mastery: TradingView's "The Leap" and what many traders can aspire forIn a captivating display of virtual market mastery, TradingView's paper trading contest "The Leap" wrapped up with striking outcomes. From the sea of approximately 100,000 contestants,...