April 2023 – Page 25 – UAG Trade Asia

Dollar Set for Longest Stretch of Weekly Losses since 2020

April 14, 2023
Finance
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SINGAPORE, April 14 Reuters The dollar headed for its longest stretch of weekly losses in almost three years on Friday, as traders ramped up expectations of an imminent end to the U.S. Federal Reserve39;s ratehike cycle following signs that inflation may be cooling. Data on Thursday showed U.S. wholesale prices, as measured by the producer […]

April 14, 2023
Finance
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LONDON, April 14 Reuters The British pound edged lower on Friday but remained close to a 10month high against the dollar, supported by improving appetite for risk ahead of a big week of British data that could provide clues on the outlook for monetary policy. The pound briefly hit its highest level since June 2022 […]

April 14, 2023
Finance
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U.S. big bank earnings due later German wholesale price index up 2 yy in March EQT in talks for a possible offer for Dechra April 14 Reuters European shares rose on Friday and were set for a fourth straight weekly gain, buoyed by hopes that the U.S. Federal Reserve could soon pause its aggressive interest […]

April 14, 2023
Finance
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Dechra Pharmaceuticals surges on buyout deal Superdry falls on potential equity raise 888 Holdings rise after upbeat outlook FTSE 100 up 0.2, FTSE 250 adds 0.9 April 14 Reuters Britain39;s FTSE 100 inched up on Friday and was set for a fourth straight weekly gain, boosted by shares of pharmaceuticals and consumer staple firms, while […]

April 14, 2023
Business
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SINGAPORE, April 14 Reuters Tesla Inc on Friday slashed prices for its electric vehicles in Europe, Israel and Singapore, expanding a global discount drive it began in China in January while raising concerns about its industryleading profit margin. Tesla last week reported firstquarter deliveries up just 4 from the previous quarter despite offering discounts in the […]

April 14, 2023
Finance
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PREVIOUS TRADING DAY EVENTS 13 April 2023 Announcements The Australian Bureau of Statistics reported yesterday that the change in employment for March was higher with 53K new jobs being more than expected but lower than the previous month. In addition, the Unemployment Rate remained unchanged at 3.5 but lower than the estimates of 3.6. The […]

April 14, 2023
Uncategorized
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April 13 Reuters Volkswagen39;s offroad brand Scout Motors studied 74 different parcels of land across the U.S. last summer as it hunted for a place to build a 2 billion assembly plant. It quickly eliminated almost all of them. In one case, they learned it would take six years to build a needed rail link. […]

April 14, 2023
Uncategorized
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Weekly jobless claims increase 11,000 to 239,000 Continuing claims fall 13,000 to 1.810 million Producer prices drop 0.5 in March; up 2.7 yearonyear WASHINGTON, April 13 Reuters The number of Americans filing new claims for unemployment benefits increased more than expected last week, further evidence that labor market conditions were gradually easing as higher borrowing […]

April 14, 2023
Forecast
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Not much love seems to be in store for the US Dollar as traders continue focusing on ebbing inflation, a dovish Federal Reserve and a potentially resilient labor market. Where to for DXY?

Nasdaq 100 and S&P 500 to Retest August Highs – A Question of When Not If?

Gradually improving upward momentum in the Nasdaq 100 and the S&P 500 index raise the odds of a rise toward their respective August highs as the US Federal Reserve nears a pause in its rate-hiking cycle.

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Dollar Set for Longest Stretch of Weekly Losses since 2020

Sterling Edges Back from 10Month Peak

European Shares Rise as US Inflation Data Signals End of RateHike Cycle

Londons FTSE 100 Edges Higher, Set for Fourth Weekly Gain

Tesla Expands Discounts with Price Cuts in some Countries

Strong Labour Data for Australia, Fed to Raise Rates Again

US Manufacturing Boom has a Real Estate Problem

US Labor Market Gradually Losing Steam; Producer Inflation Cooling

US Dollar Weekly Forecast: Without Need for Safety, DXY May Keep Getting Punished

Nasdaq 100 and S&P 500 to Retest August Highs – A Question of When Not If?

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