Yesterday saw the worst selloff since the pandemic. Equity markets gave a strong reaction to Trump’s tariff nonsense: the S&P500 lost almost 5% erasing around $2 trillion in market capital, Nasdaq 100 tanked 6% and Read more…
In focus today In the US, the March Jobs Report finishes off an eventful week. We think nonfarm payrolls growth slowed down to just 110k (from +151k) amid federal layoffs and sharply slowing immigration. The Read more…
Daily Pivots: (S1) 0.8483; (P) 0.8658; (R1) 0.8769; More… USD/CHF’s steep decline is still in progress and there is no sign of bottoming yet. Intraday bias stays on the downside for 100% projection of 0.9196 Read more…
There’s no relief in sight for the markets as risk aversion extends into Friday’s Asian session. Japan’s Nikkei is leading the losses once again, falling over -3% and cementing a near 10% weekly drop — Read more…
Today’s US non-farm payrolls report comes as the markets are already reeling from this week’s tariff shock. With consensus expecting a 128k rise in jobs for March and the unemployment rate holding steady at 4.1%, Read more…
Key insights from the week that was. Starting in Australia, it was unsurprising to see the RBA Monetary Policy Board leave the cash rate unchanged at 4.10%. The decision statement was little changed from February Read more…
Key Highlights USD/JPY started a major decline from the 150.50 resistance zone. It traded below a key bullish trend line with support at 149.20 on the 4-hour chart. EUR/USD surged above the 1.1000 resistance zone. Read more…
BoJ Governor Kazuo Ueda warned that the 24% tariffs imposed by the US on Japanese goods could have broad implications. He emphasized that heightened uncertainty over the economic outlook may weigh on corporate sentiment and Read more…
Fed Governor Lisa Cook highlighted in a speech overnight that her baseline forecast sees the US economy will “slow moderately” this year, with a slight uptick in unemployment. Also, inflation progress will “stall in the Read more…
Fed Vice Chair Philip Jefferson reiterated in a speech overnight that there is “no need to be in a hurry” to adjust policy further. Current policy settings are appropriately positioned amid a period of sweeping Read more…