BeginnerTalk
Daily Broad Market Recap – April 18, 2024
Partner Center Find a Broker Improved risk sentiment and a bit of profit-taking started the U.S. dollar on weak footing, but a few U.S. data releases soon turned the tide for the Greenback. Which market themes dominated in the previous trading sessions? We have the deets! Headlines: NAB quarterly bu
Australian Economy Saw Net 6.6K Job Losses in March, Jobless Rate Ticked Higher
Partner Center Find a Broker Australia reported net 6.6K job losses in March 2024 instead of the estimated 7.2K increase in hiring, far below the earlier 117.6K gain, bringing the unemployment rate up from 3.7% to 3.8%. Underlying data showed that the losses were mostly due to declines in part-time
New Zealand’s Quarterly CPI Still Reflected Sticky Inflation
Partner Center Find a Broker New Zealand just printed its Q1 2024 CPI figures, with the headline reading coming in line with expectations of a 0.6% quarterly uptick. Not only was the actual result stronger than the previous period’s 0.5% increase in price levels, but underlying components also refle
Daily Broad Market Recap – April 15, 2024
Partner Center Find a Broker A combination of risk-off flows and upbeat U.S. retail sales data lifted the Greenback against its counterparts in the past trading sessions. Treasury yields were also on the rise while stock indices didn’t seem too cheery about the prospect of borrowing costs staying hi
Daily Broad Market Recap – April 11, 2024
Partner Center Find a Broker All eyes and ears were on the European Central Bank (ECB) decision, plus another batch of U.S. inflation data. How did the markets react to these catalysts? Here’s what happened in the latest trading sessions. Headlines: ECB kept interest rates on hold at 4.50% for the f
The European Central Bank Held Rates Once Again
Partner Center Find a Broker Greetings forex friends! It looks like the European Central Bank held interest rates as-is on April 11th, 2024: Marginal Lending Rate: 4.75% Deposit Facility Rate: 4.0% Main Refinancing Rate: 4.5% Link to ECB’s April 2024 Policy Decision press release This was a widely e
BOC’s Rates Steady at 5.00% With a June Rate Cut “In the Realm of Possibilities”
Partner Center Find a Broker As expected, the Bank of Canada (BOC) maintained its overnight rate at 5.00% and kept its quantitative tightening program in April. Turned out, there was a “clear consensus” among BOC members to hold their policies steady for the month. Sorry April rate cut bettors. Link
U.S. CPI for March Came in Hot; USD Rallies!
Partner Center Find a Broker The U.S. Consumer Price Index (CPI) rose by 0.4% m/m in March, inline with February’s inflation rate but a tick above the 0.3% m/m forecast. On an annualized basis, the headline CPI read was up 3.5% y/y, mainly driven by shelter and gasoline increases. Energy costs rose
RBNZ Kept Its Interest Rates at 5.50%, Said a Restrictive Stance ”Remains Necessary”
Partner Center Find a Broker As expected, the Reserve Bank of New Zealand (RBNZ) kept its Official Cash Rate (OCR) at 5.50% for a seventh consecutive meeting in a row in April. Overall, RBNZ members agreed that there’s a bit more room to wait for inflation to slow even further. They believe that “A
Daily Broad Market Recap – April 4, 2024
Partner Center Find a Broker Safe haven assets gained ground near the end of the U.S. session as traders worried about Iran possibly making retaliatory strikes against Israel. Meanwhile, bitcoin (BTC/USD) broke out of a technical consolidation and saw an intraday uptrend ahead of a potential “halvin
Daily Broad Market Recap – April 3, 2024
Partner Center Find a Broker It was another mixed day in the financial markets, as pre-NFP jitters had traders reacting quickly to leading U.S. jobs indicators. Meanwhile, a surprise build in crude oil inventories didn’t seem enough to stop the commodity’s rally, along with gold which carried on wit
Upside Surprise in ADP Employment, But ISM Services PMI Disappoints
Partner Center Find a Broker On Monday’s New York session, the U.S. ADP non-farm employment change printed stronger than expected gains of 184K versus the consensus at 148K for March. This was also better than the previous increase of 155K, which already enjoyed an upgrade from the initially reporte
Daily Broad Market Recap – April 1, 2024
Partner Center Find a Broker The Greenback was off to a solid start this month and quarter, thanks to an upbeat ISM manufacturing PMI report. Consequently this led market players to tone down Fed easing bets for the year, spurring a selloff among risk assets, except for crude oil. Headlines: S&P
U.S. ISM Manufacturing PMI Returned to Expansion in March
Partner Center Find a Broker On Monday’s New York session, the U.S. ISM manufacturing PMI surprised to the upside, as it climbed from 47.8 to 50.3 for the month of March. This surpassed the consensus at 48.5, reflecting a return to industry growth for the first time since 2022. Components of the rep
Australia Consumer Price Index rose 3.4% y/y in February
Partner Center Find a Broker On Tuesday, Australia’s latest inflation report signaled the CPI growth rate held steady at 3.4% y/y in February, holding at that rate for three months now (but coming below the 3.5% y/y forecast). Food prices are finally growing a little slower at 3.6% y/y vs. 4.4% y/y
Pull-up Update