Wheeler
He liked
EUR/USD continues slogging higher prior to March US core PCE
EUR/USD steadily climbs back above 1.0700 again despite weakness following inflationary US GDP data. Further volatility is possible once the core Personal Expenditures Price Index for March is released on Friday. The report could further tone the outlook for US interest rates, impacting the value of
He liked
BoJ holds rates; GOOGL and MSFT boost equities
Asia Market Update: BOJ holds rates; GOOGL & MSFT boost equities; JP Tokyo CPI disappoints; KR govt warns US EV subsidies could 'collapse'; Focus on US Mar PCE tonight. General trend - In a unanimous decision Japan’s BOJ decided to hold rates steady. In a very short statement the BOJ also said t
He liked
He liked
He liked
Corporate Sector Updates Lift Market Sentiment
Positive earnings updates from the corporate sector helped markets extend gains. Bank of America upgrading the Tesla stock to Buy also boosted sentiment. In economic data, markets expect the Durable Goods Orders from the U.S. due on Wednesday, to show a reading of 2.5 percent in March, versus 1.3 pe
He liked
He liked
He liked
He liked
USD/CAD side-steps geopolitical geopolitical volatility to trade little changed
USD/CAD avoids the worst excesses of volatility in markets from the reported retaliation of Israel against Iran. The flight to safety boosted the US Dollar but the Canadian Dollar benefited equally from surging Oil prices. Interest rate differentials remain a bullish factor for the pair as the Fed d
He liked
German Producer Prices Fall At Slower Pace In March
Germany's producer prices continued to decline in March, though at the slowest pace in nine months, data published by Destatis showed on Friday. Producer prices registered an annual decrease of 2.9 percent after declining 4.1 percent in January. Prices have been falling since July 2023. The overall
He liked
He liked
He liked
Existing home sales drop in March
Summary Spurt in mortgage rates latest obstacle for Housing Existing home sales dropped 4.3% in March, a decline that was widely expected given the slip in mortgage applications for purchase during February. March's decline appears to be payback from the solid gains registered in the first two month
Pull-up Update