Previous Trading Days Events 25.04.2024

U.S. economic growth GDP change slowed more than expected in the first quarter, but a surprisingly hot quarterly Personal Consumption Expenditure inflation component suggested that the Federal Reserve would not cut interest rates before September.

U.S. Gross Domestic Product GDP increased at a 1.6 annualised rate last quarter versus a forecast of GDP rising at a 2.4 rate. 

Peter Cardillo, Chief Market Economist, Spartan Capital Securities, New York

The economy continues to grow, but at a slower pace and you still have a sticky inflation, that just means that the Fed is not likely to cut in June and a big question mark for the remainder of the year.

This is good news and bad news in the GDP because slower growth would ordinarily mean lowering of the dollar and yields, but with the PCE price deflator coming in on the higher side that is pushing up yields.

Source httpswww.reuters.commarketsusviewq1usgdpshowssurpriseslowinguncomfortableinflation20240425

Winners vs Losers

AUDJPY remains on the top of the weekly list of gainers with 2.74 gains. The JPY is weakening significantly. AUD seems to lose ground as well rapidly. Silver gained again, reaching a 9.85 performance for the month.

News Reports Monitor Previous Trading Day 25.04.2024

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Midnight Night Session Asian

No important announcements, no special scheduled releases.

Morning Day Session European and N. American…