Lytton
He liked
Powell did not shake markets
In focus today Today offers a light schedule in terms of tier-1 data releases. Most global markets that were off yesterday due to the International Labour Day are back today. In the US, we will keep an eye out for the preliminary Q1 productivity data. Surprisingly strong productivity growth contribu
He liked
AUD/USD stabilizes after taking a tumble, Fed next
The Australian dollar has steadied on Wednesday after sliding 1.4% a day earlier. AUD/USD is up 0.19%, trading at 0.6489 at the time of writing in the North American session. Australian dollar slides after soft retail sales Retail sales in Australia fell 0.4% m/m in March, following a downwardly rev
He liked
He liked
He liked
Federal Reserve meeting preview: The stock market expects the worst
US stocks are a sea of red on Tuesday as a mixture of fundamental data and jitters ahead of the Fed meeting knock risk sentiment. The economic backdrop to this meeting is not ideal for stock market bulls. Data on Tuesday showed a higher than expected Employment Cost Index for Q1, which rose by 1.2%,
He liked
He liked
Swedish Economy Contracts Further
Sweden's economy shrank for the fourth consecutive quarter in the three months ending March, preliminary data from Statistics Sweden showed on Monday. Gross domestic product decreased 0.1 percent sequentially in the first quarter, the same as in the fourth quarter. That was in line with expectations
He liked
He liked
Asia open: Ahead of FOMC, investors ride the hi-tech AI sugar rush
Markets Asian markets are poised to open on Monday with a sense of optimism following Friday's tech-driven rally on Wall Street. However, investors will be closely monitoring the latest developments in the remarkable and volatile decline of the Japanese yen against the US dollar and other major curr
He liked
He liked
He liked
EUR/USD trades with negative bias, holds above 1.0700 as traders await US PCE Price Index
EUR/USD meets with some supply amid the emergence of some USD buying on Friday. Bets that the Fed will keep rates higher for longer amid sticky inflation underpin the USD. Traders, however, seem reluctant and look to the US PCE Price Index for a fresh impetus. The EUR/USD pair edges lower during the
He liked
He liked
FTSE 100 Extends Gains In Cautious Trade
U.K. stocks hit a fresh record high on Wednesday, though overall gains remained capped ahead of earnings results from megacap U.S. tech and growth companies. The benchmark FTSE 100 was up 35 points, or 0.4 percent, at 8,080, extending gains for a sixth consecutive session. Sound Energy fell 2.6 perc
Pull-up Update