From ForexLive
-
Russell 2000 Technical Analysis
Yesterday, the Russell 2000 opened lower and finished the day negative following another hot US CPI report. This has pushed rate cuts...
-
Tesla may announce large workforce layoffs this week
Shares of Tesla will be in focus later after Electrek reported that Tesla could announce large layoffs this week. The company announced that...
-
Bank of Canada forecast for GDP, CPI from the April 2024 meeting
Monetary Policy Effectiveness: Inflation is slowing as monetary policy effectively reduces inflationary pressures; February's CPI growth was at 2.8% with core inflation close to 3%.Economic Growth Estimates: GDP, after stagnating in late 2023, is expected to rebound in early 2024, with volatile quarterly growth around 2% and an annual average growth of 1.5% in 2024.Population and GDP Growth: Strong population growth supports the GDP increase, with annual growth projected at about 2% for 2025 and...
-
Japan data: March PPI +0.2% m/m (expected +0.3%)
The m/m is lower than expected while the y/y is in line. Yen FX barely moved on the data release. Traders are awaiting the US CPI later, of course:US CPI data due Wednesday, the ranges of estimates (& why they're crucial to know)---The Producer Price Index (PPI) in Japan is also known as the Corporate Goods Price Index (CGPI)its a measure of the average change over time in the selling prices received by domestic producers for their outputis calculated by the Bank of JapanUnlike the Consumer...
-
Sea levels start to drop off the coast Okinawa ahead of a coming tsunami
This is related to the massive Magnitude 7.7 Taiwan earthquake.
-
Canada March employment -2.2K versus +25K expected
Prior was +40.7KDetails:Unemployment rate 6.1% vs 5.9% estimatePrior unemployment rate 5.8%.Full-time employment -0.7K vs +70.6K last month.Part-time employment -1.6K vs. -29.9K last month.Average hourly wages permanent employees 5.1% vs 4.9% last month (prior revised to 5.0%)Participation rate 65.3% versus 65.3% last month.USD/CAD was trading at 1.3557 ahead of the data and is up to 1.3624 afterwards. That's a good-sized move and the window is certainly opening for the Bank of Canada to cut...