Buyers remain in control after sharp run higher. The USDJPY is not stopping its run higher started after the better than expected GDP. US yields are helping. The 10 year is up 4.3 bps at 2.7258%. The low yield reache 2.657% Also helping are the technicals. Prior to the better data, the pair was trading
Share to facebook Share to twitter Share to linkedin Amazon Web Services has continued to drive massive growth for Amazon, with 2018 AWS revenues increasing by nearly 50%. The business is also quite lucrative for Amazon, with AWS’s reported Q4 2018 operating margin coming in at 29.3%, up nearly three percentage points over the comparable prior year period.
US stocks struggled as markets processed improving economic optimism from the two largest economies in the world while battling geopolitical risks. The US economy grew at a better pace than what markets expected and China’s factory gauge fell to a 3-year low, but many feared worse as the data included a week long break from
“The release of the second advance estimate of GDP for FY19 (year ending March 2019) quantified the well-anticipated deceleration in economic activity,” note Standard Chartered analysts. “Global uncertainty, elevated crude oil prices (especially up to Q3-FY19) amid issues in domestic non-banking financial corporation (NBFCs), and uncertainties ahead of national elections in mid-2019 dampened economic activity.”
Stock Market Talking Points: The Dow Jones will look to Friday’s core PCE data and unemployment figures Financials will be an important sector to watch in Friday’s trading as inflation expectations shift and bank stocks react accordingly As for trading opportunities, the US Dollar may absorb the bigger impact given the nature of the data
Rises my $.28 or 0.49% The price of US crude oil futures are set on the day $57.22. That is a rise of $.28 or 0.49% The high for the day reached $57.43. The low for the day extended to $56.43. The DOE reported today that they would release 6 million barrels from the strategic
EURUSD Implied Volatility – Talking Points: EURUSD overnight volatility has nearly doubled since last Friday as currency traders prepare for Eurozone and U.S. economic data slated for release tomorrow Spot prices have coiled into a rising wedge pattern that looks ready to break into a new trend with the direction likely dictated by the data
Check out the companies making headlines midday Thursday: HP Inc. — HP stock tumbled more than 16 percent after the computer and printer maker saw revenue miss estimates amid weakness in printer supply sales. HP said its market share and pricing for those supplies came under pressure during the quarter. Based on those results and
Gold continues to lose ground on Thursday. In the North American session, the spot price for one ounce of gold is $1314.92, down 0.38% on the day. Gold prices have slipped 1.1% and are trading at their lowest levels since February 15. On the fundamental front, Advance GDP expanded 2.6% in the fourth quarter, above
US 10-year T-bond yield jumps to 3-week highs. US Dollar Index recovers above 96 on upbeat data. Q4 GDP growth in the U.S. beats experts’ forecasts. After spending the majority of the day in a tight range below the 111 mark, the USD/JPY pair gained more than 50 pips since the start of the NA
Speaking on CNBC US Treasury Secretary Mnuchin in on CNBC saying: China trade deal will be very detail specific structural commitments Administration is United on China trade talks US outlook remains very strong. 4th-quarter was influenced by the government shutdown we’ve made a lot of progress in China trade still more work to do in
GBPUSD Price and US Q4 GDP: US Q4 2018 GDP beats expectations but Q1 2019 growth likely to slow. Sterling consolidation ahead of renewed upside move. Q1 2019 GBP and USD Forecasts and Top Trading Opportunities GBPUSD is backing off in early NY turnover after US Q4 GDP beat market expectations – 2.6% vs 2.2%
USDJPY moves to new week highs. EURUSD fall below 100 day MA (again). The better US GDP for the 4Q has the dollar moving higher vs the major currency pairs. USDJPY: The USDJPY has moved above the high from yesterday at 111.068. That level was also the high from Monday’s trading. The high reached 110.807.
Share to facebook Share to twitter Share to linkedin Pro-EU supporters protest outside the Houses of Parliament in London. (Photo by WIktor Szymanowicz/NurPhoto via Getty Images)Getty Norway has placed a bet on Britain totaling tens of billions of dollars, even though no Brexit deal has been signed with the Euroepan Union. Savvy investors should follow suit
The DAX has ticked lower in the Thursday session. Currently, the DAX is at 11,473, down 0.12% on the day. In economic news, the focus is on German CPI, which is expected to rebound with a gain of 0.5%. On Friday, Germany releases retail sales and manufacturing PMI, while the eurozone releases CPI estimates. It
El primer día de marzo empieza fuerte en términos de datos macroeconómicos desde Japón, con una sería de estadísticas importantes siendo publicadas durante la sesión de Asia. Con la escalada de tensiones entre India y Pakistán durante los últimos días, podría ser interesante para los pares JPY. Revisemos lo que se podría esperar y cómo
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