Nydia
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FOMC in the rear-view mirror – NFP eyed
The update from May’s FOMC rate announcement proved more dovish than expected, which naturally weighed on the US dollar (sending the DXY to lows of 105.44) and US yields, as well as, initially at least, underpinning major US equity indices. The FOMC left the Fed funds target rate unchanged for a six
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CAC 40 Slides As Fed Flags Lack Of Further Progress On Inflation
French stocks fell notably on Thursday after the U.S. Federal Reserve said it doesn't plan to cut interest rates until it has "greater confidence" that price increases are slowing. Also weighing on sentiment, the latest HCOB PMI data showed that conditions in the French manufacturing sector continue
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ADP hints at another strong NFP on Friday
The monthly ADP labour market report showed that America created 192K new jobs in April, above the forecasted 179K and following +208K in March (revised from 184K). Overall, there was a slight slowdown in wage growth to 5% y/y from 5.1% a month earlier, which is still quite high because of high empl
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How to Start Compound Trading: The Beginner’s Guide
How to Start Compound Trading: The Beginner’s Guide to Leveraging Returns Table of Contents Toggle How to Start Compound Trading: The Beginner’s Guide to Leveraging ReturnsWhat is compound interest – definitionHow Does Compound in Trading Work?Example of Compound TradingHow to start compound trading
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Japanese FX intervention: Primed and ready
With USD/JPY trading above 155, markets are now on high alert for BoJ FX intervention. Having secured a joint press release with US and Korean authorities last week to acknowledge serious concern over yen weakness, Tokyo will now feel it has Washington’s blessing to enter FX markets. We look at when
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Silver Price Forecast: XAG/USD finds support near $27 as US Dollar edges down ahead of US data
Silver price bounces back as US Dollar drops ahead of US Q1 GDP data. Weak S&P Global US preliminary PMI report for April casts doubts over the UK’s economic outlook. The US core PCE inflation data will significantly influence the Fed’s interest rate outlook. Silver Price (XAG/USD) finds interim
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Pull-up Update