It is Presidents’ Day and both the stock market and bond market will be closed. For a comprehensive list of the market closure hours, you can check out Eamonn’s post here. Typically, an extended weekend may mean a quieter start to the week. But even with it being a holiday, it won’t stop Trump from
EUR/JPY declined following the release of Japan’s Gross Domestic Product report on Monday. Japan’s GDP rose by 0.7% QoQ in Q4, marking the third straight quarter of growth. The Euro may gain if a ceasefire in Ukraine is agreed upon and gas supplies resume. EUR/JPY gives up gains from the previous session, trading around 159.10
The Global Times, a Chinese state tabloid media outlet, with the report. Says Xi attended a symposium on private enterprises on Monday and delivered a speech. This is being read as a sing of support for the private sector after quite the period of neglect from Xi. The Global Times says Xi Jinping is general
NZD/USD gains positive traction for the third straight day amid sustained USD selling. The divergent Fed-RBNZ expectations warrant caution for aggressive bullish traders. Last week’s breakout above the 0.5700 mark supports prospects for additional gains. The NZD/USD pair attracts buyers for the third successive day on Monday and climbs to a two-month peak, around the
Singapore’s non-oil domestic exports (NODX) dropped by 2.1% y/y in January compared to the previous year, exceeding the forecasted 1.1% decline and reversing December’s 9% growth. The fall was primarily driven by a decrease in non-electronic exports. Exports to Hong Kong, the US, and Taiwan rose, while those to China, the EU, and Indonesia declined.
Japan’s gross domestic product expanded a seasonally adjusted 0.7 percent on quarter in the fourth quarter of 2024, the Cabinet Office said in Monday’s preliminary report. That beat forecasts for an increase of 0.3 percent and was up from the upwardly revised 0.4 percent gain in the previous three months (originally 0.3 percent). On an
AUD/USD softens to around 0.6345 in Monday’s early Asian session. The RBA poises to deliver the first rate cut in four years. The Aussie is benefiting from an easing of worst-case fears of US tariffs The AUD/USD pair weakens to near 0.6345 during the early Asian session on Monday. The rising speculation of the Reserve Bank of
As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online … prices are liable to swing around, so take care out there. Indicative rates, a little change from late Friday, but not as much as we’ve come to expect over these past three weeks:
Mon: N/A Tue: RBA Announcement & SoMP, UK Jobs (Dec), Swedish CPIF (Jan), German ZEW (Feb), Canadian CPI (Jan), Japanese Trade Balance (Jan) Wed: FOMC Minutes, RBNZ Announcement, Bank of Indonesia Announcement, Chinese House Prices (Jan), UK CPI (Jan) Thu: PBoC LPR, Australian Jobs (Jan), EZ Consumer Confidence (Feb), Japanese CPI (Jan) Fri: UK Retail
Dollar closed the week broadly lower, with the only exception being its slight gains against the even weaker Yen. Risk-on sentiment dominated global markets, fueling strong rallies in equities across the US, Europe, and Hong Kong, which in turn kept the greenback under pressure. The greenback had previously enjoyed a tariff-driven boost earlier in the
Procter & Gamble stock sinks 4.75% on Friday. Dow Jones sheds 0.37% despite NASDAQ gains. BNP Paribas analyst cites volatility in US consumer staples category. US Retail Sales for January hit -0.9%, surpising market. Procter & Gamble (PG) stock was the worst performer in the Dow Jones Industrial Average (DJIA) on Friday. Normally a
US retail sales for January came in significantly weaker than expected, raising concerns about economic momentum as the new year begins. The control group, which feeds directly into GDP calculations, fell -0.8% (vs. +0.3% expected), while the headline figure dropped -0.9% (vs. -0.1% expected). In response, the Atlanta Fed’s GDPNow growth estimate for Q1 was
