Gold prices have been stuck in a broad range these last two weeks. Potentially high impact event risk (FOMC, PMI or NFP) may provide the necessary impetus for a breakout.
GDP grows by just 0.1 in 1Q Germany stagnates while southern Europe grows Inflation data mixed as energy subsidies phased out April 28 Reuters The euro zone economy is barely growing but inflation in the bloc remains high, leaving the European Central Bank with little choice but to inflict more financial pain on households and […]
TOKYO, April 28 Reuters Sony Group Corp on Friday said PlayStation 5 sales will jump by six million units this business year, but forecast its profit will slip from a record high as weaker financial services sales offsets gains from gaming, music and movies. The Japanese company said it expects operating profit in the year to […]
The Australian Dollar stumbled last week but remains within a two-month range and with monetary policy decisions ahead, a breakout might see momentum unfold in AUD/USD.
Silver, platinum, palladium set for monthly gain Dollar eyes monthly fall April 28 Reuters Gold prices eased on Friday as the dollar firmed in the run up to U.S. inflation data, but economic jitters kept safehaven bullion on course for a second consecutive monthly rise. Spot gold edged 0.2 lower to 1,983.01 per ounce by […]
Strong U.S. Job Market, U.S. GDP Growth Lower, U.S. Stocks Rose Unexpectedly, Oil Testing New Support
PREVIOUS TRADING DAY EVENTS 27 April 2023 Announcements Real Gross Domestic Product GDP increased at an annual rate of 1.1 in the first quarter of 2023, as per the Advance GDP QQ figure that was reported yesterday. However, it was less than expected. This increase is attributed to increases in consumer spending, exports, federal government […]
SINGAPORE, April 27 Reuters Decadeslong foreign bullishness on China39;s capital markets is breaking down, investment flows and interviews with fund managers suggest, with a new era of uncertainty fuelled by geopolitical risks and U.S. investors especially wary. There have been ample excuses to buy China as the world39;s second biggest economy gathers steam. Postpandemic recoveries […]
German economy stagnated in 1Q 4Q GDP revised to 0.5 contraction vs. 0.4 previously Economists warn Germany isn39;t out of the woods yet BERLIN, April 28 Reuters The German economy stagnated in the first quarter, as a decline in government and household consumption was balanced out by an increase in exports and capital investment, data […]
BERLIN, April 28 Reuters German unemployment rose more than expected in April, Labour Office figures showed on Friday, as a sluggish economy took its toll on the labour market. The Federal Labour Office said the number of people out of work increased by 24,000 in seasonally adjusted terms to 2.567 million. Analysts polled by Reuters […]
EUR/JPY IG Client Sentiment: Our data shows traders are now at their least net-long EUR/JPY since Apr 15 when EUR/JPY traded near 146.99.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bullish contrarian trading bias.