Article By:
Yohay Elam
Friday, April 19, 2024 5:22 AM EDT
Investors dumped risk assets on Friday amid fears of an escalation in the Middle East war. In March, Australians lost 6,600 jobs. Markets are placing a 65% chance on the first RBA rate cut in December.
In this article: FXA, UUP
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Article By:
Akhtar Faruqui
Friday, April 19, 2024 5:16 AM EDT
USD/JPY maintains its position around 154.50 after partially recovering its daily losses on Friday. Reuters reported that an Iranian official stated there is currently no immediate plan for retaliation against the Israeli airstrikes.
In this article: FXY, UUP
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Article By:
Christopher Lewis
Friday, April 19, 2024 5:07 AM EDT
The US dollar has been strong for some time, and recently we have seen the GBP/USD pair go back and forth.
In this article: FXB, UUP
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Video By:
LMAX Group
Friday, April 19, 2024 4:46 AM EDT
It’s been a wild start to Friday with markets getting tossed around after news broke of Israel’s retaliatory strike on Iran.
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Article By:
Lallalit Srijandorn
Friday, April 19, 2024 3:52 AM EDT
GBP/JPY loses momentum around 191.65, down 0.31% today.
In this article: FXB, FXY
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Article By:
ING Economics
Friday, April 19, 2024 3:15 AM EDT
Inflation slowed down in March but underlying inflationary pressures are still alive. The BoJ’s pause at its next week’s meeting is widely expected but markets will pay more attention to the BoJ’s quarterly outlook report.
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Article By:
Bill Conerly
Friday, April 19, 2024 2:35 AM EDT
More young people are going into the construction trades. That’s good news for the economy and for many of the people donning a hard hat and tool belt. But the industry contains risks that everyone in it must understand to live comfortably.
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The transition to a new Green Economy is not progressing as well as hoped. Green energy planners have missed the point that our physics-based economy favors low-cost producers.
Fiscal dominance, whereby the Federal Reserve must help the Treasury fund their debts at reasonable costs, is upon us.
The S&P’s 20-day average is still comfortably above its 50- and 100-day counterparts.
WH Group Ltd is a holding company and the world’s largest vertically integrated producer of pork and related packaged meat products. Over the past year, WH Group’s share price rose about 21% from $11.46 to $13.88 as of Thursday’s market close.
Q1'24 earnings are beating expectations, but S&P 500 excesses are pulling the market down. With Iranian War risk rising and the Trump trials starting, investors should get ready for a bumpy ride.
The halving of Bitcoin mining rewards is set to happen this Saturday. Such action has been associated with heightened investor interest and major price increases.
A heavy tape was interrupted by a modestly soft 'Beige Book', but the latest threats from Iran suppressed that, which implies the Fed has reason to be nervous.
