Thursday‘s unilateral ceasefire into the close annoncement causing S&P 500 to rip, and how much time it bought? That announcement level was broken even before European session, and it was downhill pretty much since. Tech though maintained stronger posture than S&P 500 during the first two hours of the regular session before catching up more to the downside –…
Mon: German Prelim. CPI (Mar) Tue: RBA Minutes (Mar), Chinese NBS Manufacturing PMI (Mar), French CPI Prelim (Mar), EZ CPI Flash (Mar), BoJ Tankan Survey (Q1) Wed: BoC Minutes (Mar), CBR Minutes (Mar), Chinese RatingDog Manufacturing PMI (Mar), Global Manufacturing PMI Finals (Mar), EZ Unemployment Rate (Feb), US ADP Employment Change (Mar), US Retail Sales (Feb), US ISM Manufacturing…
ING’s Deepali Bhargava warns that higher Oil prices and supply disruptions are worsening growth, inflation and external balances in the Philippines. The report highlights rising odds of a Bangko Sentral ng Pilipinas (BSP) rate hike as inflation breaches target, but stresses that tighter policy alone is unlikely to change the Philippine Peso’s trajectory against the Dollar in coming months….
Technology takes a hit, energy and consumer staples show strength The US stock market today presented a dynamic landscape, characterized by significant shifts across various sectors. Notably, the technology sector faced headwinds, while energy and consumer staples showed resilience in the turbulent market conditions. 📉 Technology Sector: Facing Challenges Today’s market heatmap reveals widespread declines in the technology sector….
NZD/USD falls for the fourth consecutive day and trades around 0.5750 on Friday, down 0.17% at the time of writing, pressured by renewed risk aversion and the resilience of the US Dollar (USD). The New Zealand Dollar (NZD) faces headwinds from a tense global backdrop marked by escalating geopolitical risks in the Middle East. US President Donald Trump’s decision…
Last week’s price action was driven almost entirely by the US-Iran conflict — if you missed it, catch the full recap here. The short version: a Trump social media post about “productive talks” triggered a sharp Monday reversal, Iran denied everything, and markets spent the rest of the week repricing higher on geopolitical safe-haven demand and a string of…
Nvidia stock is trading at six-month lows after a 1.6% decline today. The chart is problematic as it bottomed near $170 three times since November but it’s now broken that support and trading at the worst levels since September. The chipmaker is now testing the September lows, which stretch down to $164. Should that break, we will be at…
The Dow Jones Industrial Average (DJIA) tumbled on Friday, shedding roughly 510 points or 1.1% to fall below 45,500 and officially enter correction territory. The S&P 500 lost around 1%, bringing its decline from its record high to over 8%, while the Nasdaq Composite dropped 1.3% after entering correction territory a day earlier. Friday’s slide capped a fifth consecutive…
The headline story on the weekend is from the Washington Post and it’s titled: ‘Pentagon prepares for weeks of ground operations in Iran’ The headline basically tells the whole story and it signals what the market has been buzzing about since the Japan-based USS Tripoli was deployed to the Middle East on March 13. That ship has now arrived…
DBS Group Research sees South Korea’s March exports remaining in double-digit growth, supported by strong AI and data centre demand, higher memory prices and supply shortages, leading to a wider trade surplus despite rising import costs. CPI is projected around 2.3% year-on-year, above target, prompting government measures including fuel caps, reserve releases, energy-saving campaigns and a KRW 25 trillion…
