Daily Broad Market Recap – April 30, 2024
It was a good day to be a dollar bull, as the U.S. currency staged a steady climb across the board, even before top-tier U.S. reports were released.
Read MoreIt was a good day to be a dollar bull, as the U.S. currency staged a steady climb across the board, even before top-tier U.S. reports were released.
Read MoreWho’s ready to pick apart the Fed’s latest policy decision and Powell’s presser for clues on the FOMC gang’s interest rate plans?
Read MoreThe market holiday in Japan and the lack of verbal intervention from Japanese officials weren’t enough to stop the yen from making big moves!
Read MoreRBNZ recently said that a restrictive stance “remains necessary.” Will this week’s jobs numbers inspire RBNZ members to reconsider their biases?
Read MoreUSD and EUR will get attention this week as traders anticipate the Fed’s May decision, U.S. April NFP, and inflation and GDP data from the euro region!
Read MoreSafe haven currencies took L’s this week as weaknesses for USD and JPY got mixed with strong data releases from major economies.
Read MoreA fresh batch of PMI releases and central bank member speeches have encouraged a repricing of interest rate expectations in the markets!
Read MoreThe Japanese central bank kept interest rates on hold at <0.10% as expected while maintaining forecasts for next year's growth and inflation figures.
Read MoreThe dollar shrugged off a lower than expected growth figure for the first quarter of the year and still managed to pop higher against its peers. What’s up with that?
Read MoreThe Fed’s preferred inflation measure is up for release soon! Will the report support or weaken “higher for longer” bets for the Fed?
Read MoreThe key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliché, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.Victor Sperandeo