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EUR/JPY Extends Rally Above 167.50 Following BoJ Rate Decision
Article By:
Lallalit Srijandorn
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Friday, April 26, 2024 1:30 AM EDT
The EUR/JPY cross drifts higher to 167.20, its highest level since 2008, during the Asian trading hours on Friday.
SPDR ETF Report For Thursday, April 25
Video By:
Ira Epstein
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Thursday, April 25, 2024 11:10 PM EDT
In this video, Ira Epstein reviews the day's trading in various SPDR-ETF markets for the trading day that ended, Thursday, April 25.
In this video: COPX, FCX, FDX, UPS, FXE, EBAY, TSLA, GLD, SLV, TLT, UGA, UUP, XHB, XLE, XLF, XLI, RSPD Also: AMZN, INTC, MSFT, NVDA, GOOGL
Financial Markets Report For Thursday, April 25
Video By:
Ira Epstein
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Thursday, April 25, 2024 8:50 PM EDT
In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, April 25.
In this video: FXE, TSLA, DIA, FXB, FXY, IEF, IWM, OIL, SPY, UCO, UNG, USO, UUP, NDX, SPX, BITCOMP, MSFT, GOOGL
USD/CAD Extends Its Downside Below 1.3670, Investors Await US PCE Data
Article By:
Lallalit Srijandorn
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Thursday, April 25, 2024 8:30 PM EDT
The USD/CAD pair extends its downside near 1.3655 on Friday during the early Asian session. The decline of the US Dollar (USD) to the two-week lows around the mid-105.00s exerts some selling pressure on the pair.
EUR/USD Mired Near 1.0730 After Choppy Thursday Market Session
Article By:
Joshua Gibson
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Thursday, April 25, 2024 8:10 PM EDT
EUR/USD whipsawed somewhat on Thursday, and the pair is heading into Friday's early session near 1.0730 after a back-and-forth session and complicated US data that vexed rate cut hopes.
Almost Landed
Article By:
Menzie Chinn
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Thursday, April 25, 2024 7:40 PM EDT
The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 1.6% annual rate in the first quarter.
California’s New Minimum Wage: A Cure That Exacerbates The Sickness
Article By:
SchiffGold
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Thursday, April 25, 2024 7:30 PM EDT
On April 1st, the state instituted a $20 minimum wage for fast food workers, the highest in the US. With California’s absurdly high cost of living, the policy appeared to make life more manageable for low-income residents.
Amid Macro Skepticism , Alphabet And Microsoft Shone Through
Article By:
Stephen Innes
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Thursday, April 25, 2024 6:33 PM EDT
Unless the BoJ throws caution to the wind and yanks a rate hike rabbit out of the hat tomorrow or pulls the trigger on intervention, this could be a painfully expensive experience for reversion traders
Expect Big Negative Revisions To BLS Monthly Jobs In 2023, GDP Too
Article By:
Mish Shedlock
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Thursday, April 25, 2024 6:10 PM EDT
Yesterday, the BLS released a little-read jobs report that shows reported jobs in 2023 may be wildly overstated. In turn, that means GDP is likely overstated as well.
The Middle Class Is Getting Destroyed, While Assets Are 40% Overvalued
Video By:
Adam Taggart
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Thursday, April 25, 2024 3:20 PM EDT
With the market now expecting less than 2 rate cuts this year -- perhaps none at all until next year according to Bank of America -- what does that mean for the economy?
In this video: SPY
Economic Growth Forecasts For G7 And BRICS Countries In 2024
Article By:
Jeff Desjardins
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Thursday, April 25, 2024 12:43 PM EDT
Economic growth projections by the IMF for major nations are mixed, with the majority of G7 and BRICS countries forecasted to have slower growth in 2024 compared to 2023.