Japanese 'core' inflation (CPI excluding fresh food) was expected to fall under 2% for the first time since March 2022. It hasn't but is still the slowest pace of increase since then.Japan CPI ex. Fresh Food & Energy 3.5% y/y, slowest rate of increase since...
JP Morgan’s 3 reasons corporate earnings are headed lower, see “disappointing profits”
JPMorgan says the US earnings season has been strong, but the wheel may turn for worse soon. JPM analysts see three key drivers that could indicate that corporate profitability is headed lower from here1. Firms were able to benefit from a lower net interest expense...
US President Biden President will meet with Congressional leaders at 11.30 am Tuesday
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,...
Australian weekly consumer confidence survey 83.2 (prior 82.8)
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,...
Barclays says the US equity rally is going to take a ‘breather’
Barclays say the most recent driver of the rally last week was Nvidia earnings, and now that's in the rear-view mirror " the risk rally should take a breather from the frantic pace of recent weeks"Analysts at the bank haven't turned bearish. And on the economy they...
Forexlive Americas FX news wrap 26 Feb: Quiet Monday with limited data and price action.
Looking at the Monday trading from a broader perspective the low to high trading ranges were limited to start the week. Comparing to the average trading range over the last month of trading for the major currency pairs, it shows:EURUSD 47 pips vs 60 pip averageGBPUSD...
RBNZ Governor Orr has a huge barrage of media interviews scheduled in the days ahead
Here is the schedule of RBNZ Governor Orr's speaking appointments in the days following the February 28 policy announcement:Thursday, 29 February 2024Governor Adrian OrrRadio NZ- Morning Report 6-9am. (Business News 6.53am & pre-recorded interview.)TVNZ Breakfast...
Santander (US) says the Federal Reserve’s FOMC may delay rate cuts until after US election
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,...
RBNZ meet on Wednesday – previews
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,...
US stocks close moderately lower
The major stock indices are closing modestly lower. After closing at record levels on Friday, both the S&P and Dow industrial average are lower. No record closes today.The snapshot ofthe closing levels shows:Dow industrial average fell -62.25 points or -0.16% at...
Economic calendar in Asia 27 February 2024 – Japan inflation data the focus
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,...
Trade ideas thread – Tuesday, 27 February, insightful charts, technical analysis, ideas
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,...
Hamas officials were ‘disappointed’ with hostage deal framework – report
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,...
US dollar gives some back as bonds find a bid
The US dollar has ticked higher in the past hour as Treasury yields have fallen from the highs of the day. It's been a mostly lacklustre day for equities and the S&P 500 is on track for a 0.3% decline.Treasury yields rose earlier after sales for 2s and 5s with the...
Crude oil futures settles at $77.58
Crude oil futures are settling at $77.58. That is up $1.09 or 1.43%. The high for the day reached $78.03. The low extended to $75.84. Looking at the hourly chart, the price is back above the 100/200 hour MA blue and green lines) Those MAs are near converged at $77.45....
Bitcoin climbs nearly 7% to $54,000. What’s next
Momentum is the dominant feature of markets this year and nothing has more momentum than bitcoin right now. After a 10-day break as it consolidated around $52,000, bitcoin has broken out in a big way.It's up $3400 today, or 6.7%, to $54,450. That's the highest since...
The first job of artificial intelligence should be to clean up science
One of the dreams of artificial intelligence is that if we take all of the world's research papers -- let's say cancer research -- and put them into the machine, it will come up with new and novel approaches to find cures.I'm hopeful that will be the case.But I'm...
NZDUSD sets up for rate decision later this week
Target rangeThe Reserve Bank of New Zealand will meet and announce their rate decision on Wednesday morning in New Zealand (8 PM ET in the US. The expectations are for central bank to keep rates unchanged but to keep the door open for potential tightening in order to...
Warren Buffett: Capital spending on America’s power needs will be staggering
Warren Buffett's annual letter was released on the weekend and what got my attention was how much of it he spent on energy, which is mentioned 163 times in the text.One area he focuses on is Berkshire Hathaway Energy and losses in the electrical transmission space. He...
US sells 5-year notes 4.320% vs 4.312% WI
We have a double dose of Treasury sales to start the week and the market appears to be having some difficulty digesting the supply. US 5s were up 4.2 bps ahead of the sale to 4.33%.Record size of $64 billionBid to cover 2.41 vs 2.31 priorPrior to this auction, results...