US Trade Rep Greer says 'initial' trade deals are still weeks awayUnited States trade representative Jamieson Greer:initial trade deals to be announced in weeks, not monthssays he is meeting with Japan, Saudi Arabia, and Guyana on Thursdaynot close on India trade deal, having calls with India's trade imnisterNo further details. ...
US Treasury announces agreement to establish US-Ukraine reconstruction investment fundU.S. Treasury announces agreement to establish United States-Ukraine reconstruction investment fundUnited States and Ukraine signed an agreement on Wednesday to establish United States-Ukraine reconstruction investment fund Treasury Department and U.S. International Development Finance Corporation will work together with Ukraine to ...
Trump repeats himself, says Fed should cut interest ratesTrump speaking:After a certain amount of time there will be a tariff wall for pharmaceutical companiesinterest rates should go downhe should reduce interest ratesI understand interest rates better than him ...
Forexlive Americas FX news wrap: US GDP dips into negative territoryUS Q1 advance GDP -0.3% vs +0.3% expectedADP April US employment +62K vs +115K expectedUS March PCE core +2.6% y/y vs +2.6% expectedCanada GDP for February -0.2% versus 0.0% estimateEIA weekly crude oil inventories -2696K vs +429K expectedTrump: Carney called ...
US Senators look to be pursuing secondary sanctions on Russian oilThe WSJ reports comments from Senator Lindsay Graham:Says he has 60 co-sponsors of bill to put secondary sanctions on Russian oilPredicts that number will rise to at least 67“It’s clear to me—and I think it’s becoming clear to President Trump—that ...
A wild month ends with modest losses for US equity indexesIt was a wild month for stock as they were battered in the first week of the month after 'Liberation Day' and fell to the lows on April 7. From there it was a choppy path back, culminating in a ...
Meta EPS $6.43 versus $5.21 estimate. Revenues $42.31B versus $41.36B estimateMeta announced better-than-expected earnings and revenues:EPS $6.43 versus $5.21 estimate. Revenues $42.31B versus $41.36B estimateAdvertising revenue $41.39 billion versus $40.55 billionGuide 2Q revenues $42.5 billion – $45.5 billion versus $44.41 billion estimateLower FY total expenses forecast to $113 billion – ...
Major indices rebound into the close. Large intraday declines mostly erased.What could've been a horrible month for major indices is ending up mixed.For the trading month, the:Dow industrial average still fell -3.18%However, the S&P only declined by -0.77%, while the NASDAQ index rose by 0.85%.For the trading day, the major ...
Economic calendar in Asia 01 May 2025 - Bank of Japan dayThe Bank of Japan is expected to leave policy ucnahged today. As is always the case with Bank of Japan meetings there is no set time for the statement. Experience suggests 0230 to 0330 GMT ( 2230 - 2330 US ...
Meta-earnings after the close. EPS is expected at $5.21 on revenues of $41.36 billionMeta Platforms (NASDAQ: META) is scheduled to report its Q1 2025 earnings after the market closes today, Wednesday, April 30.Earnings ExpectationsEarnings Per Share (EPS): Analysts anticipate an EPS of $5.21, representing an 11% increase from $4.71 in Q1 2024.Revenue: Projected ...
Republicans look at limiting corporate expensing of salaries above $1 millionThe WSJ reports that Republicans are looking at a proposal that the Biden administration had floated: Limiting the deductibility of corporate salaries above $1m.The move would raise around $20 billion per year, which still leaves a huge funding cap.Bessent said ...
Microsoft earnings after the close. What is expected?Microsoft (MSFT) is set to release its fiscal Q3 2025 earnings after the market closes today, Wednesday, April 30. Expectations are for:Earnings per share (EPS) of $3.22,or a year-over-year increase of 9.52% (from $2.94). Revenue is projected to reach around ...
It's a big day for earnings after the close. Macro indications to watch forThe headliners for earnings after the close today are Meta and Microsoft and whatever they deliver on earnings will be critical for those stocks and the Nasdaq. More broadly, I'll be looking for a few things:1) Indications on AI capex, ...
Crude oil settles at $58.21The price of WTI crude oil futures settled at $58.21. That's down -$2.21 or -3.7%. The low price today reached $57.94. The high price was at $60.39. The price traded to the lowest level: back to April 9. The settlement ...
NASDAQ rebounds after early plunge; eyes key resistance at 50% midpointThe NASDAQ index saw sharp selling in the first hour of trading today, dropping nearly 500 points to a session low of 16,959.53. At the lows, the index was nearing key support from the 200-hour moving average (currently at 16,940) ...
US recently reached out to China for tariff talks - reportThis is just crossing now, it should be good for risk assets.Yuyuantantian is a Chinese social media account affiliated with China Central Television (CCTV). It operates generally on Weibo and has reported on China's stance regarding US tariffs before ...
Trump: Carney called yesterday and said 'let's make a deal'Says Carney will come to the White House within the next weekThat's tentatively a good sign. USD/CAD is at the lows of the day, down 35 pips to 1.3798.Donald Trump says Mark Carney will visit the White House "within the ...
BOC Minutes: Governing council was split over whether to cut or hold ratesThose favoring no change wanted to gain more info on US tariffs, backed a wait-and-see approachMembers favoring a cut cited muted near-term inflation risks and signs of economic weaknessThose favoring a cut highlighted need for timely action, given lagsEveryone agreed ...
Treasury Secretary Bessent: Pres. Trump has created negotiating leverageTreasury Secretary Bessent saysPres. Trump has created negotiating leverageOn the verge of becoming an AI superpowerThe IRS revenue is upOne way of collecting additional revenue is to collect capital gains taxes from liquidation of positions. ...
Atlanta Fed GDPNow growth estimate for Q2 is 2.4%The initial estimate for Q2 growth from the Atlanta Fed GDP model is estimated at 2.4%. The Q1 GDP was released morning with the first Guinness at -0.3%. The gold adjusted estimate from the Atlanta Fed estimate of -1.5%. In ...
European indices close mixed. German economic data today was mixedMajor European indices are closing with results. In Germany today, a slew of economic data needed a mixed picture. Preliminary figures from Destatis showed that annual inflation eased slightly to 2.1% in April from 2.2% in March, though it ...
USTR Jamieson: We are 'some weeks out' on trade dealsThere were rumors yesterday that India was close to the finish line and that makes sense because deals can be passed without parliament there but I don't know if the market has the patience for what's shaping up. ...
EURUSD breaks to new lows, eyes key support levelsThe EURUSD is pushing to fresh lows for the day—and for the week—after breaking below Monday’s low at 1.3287. With bearish momentum building, the next downside targets include last week’s low at 1.1307, followed by a key support zone on ...
Trump says he hopes for a deal with China 'at a certain point'Does not want China's products unless they are fairFairness with China includes IPI want China to do well, I want every country to do wellCore GDP was up despite distortionsThe question is how patient the market can be for some ...
AUDUSD stalls at resistance and breaks lower — bearish bias below key MAsThe AUDUSD attempted to push higher yesterday, briefly breaking above a key swing area near 0.6430–0.6442. However, the breakout quickly failed, and the price reversed lower—signaling a bull trap and a shift in short-term momentum.The reversal led to a decisive ...
USDCAD tests key moving averages: Break higher or rejection next?The USDCAD has moved higher in today's trading, pushing up to test both the 200-hour moving average at 1.3845 and the 100-hour moving average just above at 1.3854. These levels now define the near-term technical ceiling.A firm move above both ...
USDCHF stuck between key moving averages: Will momentum break the deadlock?The USDCHF is once again testing its 200-hour moving average, currently at 0.8217, after failing to sustain a break above the 100-hour moving average at 0.82626. This marks several days of price action being confined between these two technical levels, ...
Gold Futures Analysis for Today with tradeCompassGold Futures Analysis for Today – TradeCompassCurrent Price of Gold Futures, at the time of this analysis: 3,316 Market Context: Gold is hovering just above today’s and yesterday’s Value Area Low, and just beneath a cluster of key levels—including the VWAPs ...
Australian Treasurer Chalmers says says the market expects more interest rate cutsAustralian Treasurer Chalmers says the market expects more Reserve Bank of Australia interest rate cuts after today's inflation figureshe doesn't see anything in the data to substantially alter market expectationsChalmers wants more rate cuts from the RBA, and, more importantly, ...
PBOC sets USD/ CNY central rate at 7.2014 (vs. estimate at 7.2670)The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the ...
Trump says Federal Reserve 'person' is not doing a good jobTrump is speaking at a rally.Trump is speaking across topics. Tariffs, China and what have you. Its no secret he is not a fan of Powell. Trump wants lower rates and so far Powell has not accommodated him. Trump says ...
US inflation data due Wednesday - what investment banks expect for March PCEThe Personal Consumption Expenditures (PCE) data is a key measure of inflation that tracks changes in the prices of goods and services purchased by consumers. It is reported monthly by the Bureau of Economic Analysis (BEA) and is a critical ...
Crude oil settled at $60.42Crude oil futures settled down $1.63 at $60.42 today,. That is a decline of -2.63%.Technically, the next key target comes near the $60 level. The 50% midpoint of the move up from the April low comes in at $59.96. Just ...
The market is now pricing in a full 125 bps in Fed easing in the...The market is growing more dovish on the outlook for rates.Two-year yields shown here are on track for the lowest close since September when the market was wrapped up in the idea of rate cuts and job losses. It's an ...
Stocks move to new highs. Nasdaq tests key 50% retracement levelMajor indices have moved to new session highs. The Dow industrial average leads the chart with the gain of 0.87%. The S&P and NASDAQ are running neck and neck with a rise of 0.68%.Even the small-cap Russell 2000 is which ...
USDJPY slips to new session low as sellers eye key support zoneThe USDJPY has edged to a new session low of 141.96, slipping just below the earlier low of 142.00. On the 4-hour chart, the pair has now moved into a key swing area between 141.64 and 142.11, a zone that ...
EURUSD still stuck. Buyers fail to extend range.The buyers in the EURUSD in the early US session tried to extend back above its 200-hour moving average at 1.13999, but fell short of the high for the day at 1.1422. The US session high reached 1.14168. The price ...
USDCAD remains in up-and-down range as Carney's Liberals prevailThe Liberal party have won the election in Canada with 154 seats won vs 131 for the conservatives. There are 31 seats which have not been called. While the Liberals will form the government, it remains unclear if ...
Crude Oil Analysis Today (29 April, 2025)Crude Oil Analysis: Bearish Pressure Intensifies, Key Levels to WatchCrude Oil futures (CL) are currently trading at $61.13, reflecting an ongoing bearish sentiment across multiple timeframes. Integrating daily chart analysis, intraday volume profile, VWAP indicators, and order flow data reveals ...
PBOC sets USD/ CNY central rate at 7.2029 (vs. estimate at 7.2781)The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the ...
ECBs deGuidos:Incoming data suggest modest growth in the quarter of 2025ECB's deGuidos is speaking and says :incoming data suggests modest growth in the first quarter of 2025.Looking ahead, inflation is expected to hover around our targetMeeting by meeting approach to setting the appropriate monetary policy stance ...
ECB's Villeroy: We still have a margin for rate cuts in EuropeWe are in a moment of great economic uncertaintyBut does not see any extra inflation in the regionDoes not anticipate a recession in France, EuropeTrump's policies, US protectionism are not workingThe ECB is set to meet in June next and ...
AUD traders note - RBA Assistant Governor (Financial Markets) Kent speaking tomorrowComing up on Tuesday, April 29, 2025, at 12.05pm Sydney time:0205 GMT2205 US Eastern time on Monday, April 28, 2025 Keynote speech by Christopher Kent, Assistant Governor (Financial Markets)Topic is "Australia’s External Position and the Evolution of the FX Markets"speaking ...
PBOC deputy governor says will cut RRR, interest rates, at an appropriate timePBOC deputy governor says will cut reserve Requirement ratio (RRR), interest rates, at an appropriate timeto focus financial support on stabilising jobs, economic growthwill guide financial institutions to guarantee financing demand for foreign trading firms (i.e. exporters)studying plans to enrich ...
Bank of Japan to "hit pause" on rate hikes at this week's meeting - Trump...Bank of Japan expectations survey via Bloomberg (gated). In brief, nothing of much surprise:The Bank of Japan will keep interest rates at 0.5% and pause further hikes due to rising economic risks from US tariffs.New tariffs are expected to shave ...
ECB's Kazaks urges caution on further European Central Bank rate cutsLatvian central bank governor, and therefore a Governing Council member of the European Central Bank, Martins Kazaks. Comments reported via Bloomberg. Bloomberg is gated, but in brief, Kazak's main points were:US tariff policies may slow down inflation and cause a ...
ECB's Simkus says the Bank could lower interest rates at least two more times this...Bloomberg (gated) carried comments from Gediminas Šimkus, Chairman of the Board of the Bank of Lithuania and European Central Bank Governing Council member (the monetary policy making board of the Bank).Bloomberg is gated, but in brief:ECB could lower interest rates ...
ECB policymakers warm up to a June cut -- sources reportReuters ECB sources report that a consensus is building for a June rate cut. At the moment the market is pricing in 71% chance of a cut but it looks like the ECB wants to bump that up, given that ...
BOE Greene: we are not sure if weakness in UK economy is demand or supplyBOE Greens: We are not sure if weakness in UK economy is caused by demand or supplyShe is more worried about supply, really week productivity growth.There are concerns about impact of the government budget changes.We have no idea what US ...