Torrid growth in the U.S. inflation rate likely slowed in April. This would mark the first decline in almost a year and come on the heels of price growth that soared to 8.5% year-over-year in Read more…
The Fed signaled that it will avoid shock-and-awe rate increases, putting more emphasis on avoiding a recession rather than vanquishing inflation. Another round of US inflation data is on tap next week and the Fed Read more…
We saw significant market jitters this week with VIX volatility starting off at a two month high. The lack of a hawkish message from the Federal Reserve (Fed) turned things around for a while only Read more…
Markets ECB’s Holzmann suggesting a June rate hike is an actual possibility during an interview yesterday evening broke the ice. The influential French ECB governor Villeroy in a speech this morning didn’t want to “preclude Read more…
Ark funds snagged several tech stocks that have struggled recently. Wood maintains that a drop in tech stocks is a buying opportunity. Investment luminary Cathie Wood, chief executive of Ark Investment Management, on Thursday bought Read more…
GBPAUD’s recent bullish impetus from the early April 4¼-year low region has run out of steam just beneath the mid-Bollinger band at 1.7468. The longer-term 100- and 200-period simple moving averages (SMAs) are suggesting that Read more…
The U.S. economy added 428k jobs in April, coming in well above the consensus forecast of 380k. As of April, total payroll employment remains 0.8% below February 2020 levels. Downward revisions subtracted 39k jobs from Read more…
The Canadian labour market gained 15k positions in April, with full-time employment down -31k and part-time employment up 47k. The unemployment rate dropped by 0.1 percentage points, to 5.2%. The participation rate was little changed Read more…
The USDJPY returned to bullish mode, after shallow pullback from new 20-year high found firm ground at 129 zone, contained by rising 10DMA and Fibo 23.6% of 121.27/131.24 upleg. Bulls are establishing above 130 level, Read more…
Stock look set to extend yesterday’s steep selloff despite NFP headline number beating forecasts. US futures Dow futures -0.5 % at 33211 S&P futures -0.7% at 4187 Nasdaq futures -0.96% at 13112 In Europe FTSE Read more…