No confirmation on US–Iran talks means no conviction in markets—for now. The focus shifts to Kevin Warsh’s testimony before the Senate Banking Committee at 14:00 GMT. With geopolitics offering no clear signal, investors are turning to Warsh’s testimony for guidance on the future direction of the Federal Reserve and the credibility of its policy framework. […]
The four-week average of hiring jumped in the week ending April 4 to 54.75K. That’s the highest since the survey was launched in September. These are high-frequency numbers so they’re prone to large adjustments but if employment continues to rise, there is little chance of the Fed cutting rates. For background, the NER Pulse is
The longer-term price movement of copper is highly sensitive to manufacturing activities, as it is a vital component in the global manufacturing supply chains and industrial usage. Higher manufacturing activities tend to translate to a higher demand for copper, in turn, creating a positive feedback loop into the price of copper. Manufacturing Purchasing Managers’ Index
Ether faces volatile week as institutional buying meets DeFi security concerns Ether has navigated a volatile and eventful week, with price action reflecting a complex mix of improving institutional demand, ecosystem-specific developments and renewed bouts of risk-driven selling. As the second-largest cryptocurrency, ETH has once again demonstrated its dual nature – supported by strong structural fundamentals but highly sensitive to shifts in sentiment
Spain’s foreign trade deficit decreased somewhat in February from a year ago, as imports fell faster than exports, preliminary data from the Economy Ministry showed on Tuesday. The trade deficit dropped to EUR 3.3 billion in February from EUR 3.4 billion in the corresponding month last year. In January, there was a shortfall of EUR
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The US markets are holding near record highs, not because conviction in de-escalation is strong, but because traders are unwilling to fade the possibility of last-minute progress or extension in US–Iran negotiations. The price action reflects hesitation rather than optimism, with risk assets supported but not advancing. S&P 500 and NASDAQ hovered close to their
There are just a couple of expiries to take note of on the day, as highlighted in bold below. They are both for EUR/USD at the 1.1760 and 1.1800 levels. The technical snapshot for the currency pair right now is that price action is settling between some key near-term levels. The floor is set out
Kelvin Wong Senior Market Analyst Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities. Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an
Staff exodus sparks questions about LMAX’s FX swaps venue – FX Markets Skip to main content End of drawer navigation content At least nine execs that joined from FX HedgePool – including CEO Jay Moore – have left the company A wave of departures from LMAX’s swaps and derivatives unit is fuelling speculation among users
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Vance heads to Islamabad for Iran talks as ceasefire nears expiry, with Axios reporting Iran’s Supreme Leader approved negotiators, boosting chances of a deal but leaving markets sensitive to escalation risks. Summary: Vance to lead US delegation to Islamabad for Iran talks Ceasefire nearing expiry, raising urgency Trump threatens renewed strikes but open to extension
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NZ CPI held at 3.1% y/y in Q1, above target, with electricity and petrol driving gains. Quarterly inflation rose 0.9%, underscoring persistent price pressures and supporting expectations for a cautious RBNZ policy stance. This is January – March data, ahead of the fuel shock. Bear that in mind… Summary: Annual CPI holds at 3.1%, above
The NZX 50 rose 29 points, or 0.2%, to 12,944 in early trading on Tuesday, extending the previous session’s gains after fresh data showed that inflation remained steady in Q1 despite rising oil prices. Annual inflation held at 3.1% in the March quarter, unchanged from the September quarter’s 1.5-year high and above market expectations of
Pakistan has reportedly urged both Washington and Tehran to prolong the ceasefire by a further two weeks, while local media suggest Prime Minister Shehbaz Sharif could formally announce an extension as early as Tuesday, according to Al Arabiya. This article was written by Eamonn Sheridan at investinglive.com. Source link
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