Flat capex in Q1 the headline data point, Disappointing. Japan Capital Spending Ex Software Q1: -1.4% y/y expected 5.4%, prior 7.3% Japan Company Sales Q1: 1.1% y/y Japan Company Profits Q1: 14.6% y/y expected 5.3%, prior 4.7% I’ll have more to come on this separately, details etc.
The USD/JPY pair trades in a muted fashion toward the 159.20 region on Friday as the United States Dollar (USD) finds support following the latest inflation data, while the Japanese Yen (JPY) remains pressured amid uncertainty surrounding the Bank of Japan’s (BoJ) policy outlook. The latest Core Personal Consumption Expenditures (PCE) Price Index held steady at 3.3% YoY in…
If you trade BTC/USD, bitcoin CFDs, bitcoin futures, or bitcoin ETFs, here’s a deeper dive into what moved bitcoin this week and what to watch going into next week. Not a great week for bitcoin. BTC closed lower, ETF investors kept pulling money, macro data removed any near-term rate-cut optimism, and the chart slipped below every major daily moving…
The US Commerce Department has closed a loophole that may have allowed hundreds of thousands of advanced Nvidia and AMD AI chips to reach Chinese firms via overseas subsidiaries over the past year. Summary: The US Commerce Department issued guidance on Sunday enforcing licence requirements for advanced AI chips sold to entities headquartered in China, even when those entities…
United States Baker Hughes US Oil Rig Count increased to 429 from previous 425
I saw an interesting discussion in one of the equity investing and trading groups, and I thought it was worth turning into a broader educational note. The question was simple, but very important: If you are already holding DELL stock at a profit, is it better to sell, or should you move your stop higher and let the position…
GBP/USD holds minor gains on Friday after rebounding from intraday lows, supported by improving risk sentiment surrounding a potential US-Iran peace deal. At the time of writing, the pair trades around 1.3460 and is on course to end the week little changed. A senior Iranian source told Reuters that “a political understanding has been reached between Iran and the…
Thursday’s session delivered the week’s defining moment in a single hour. Iranian missile and drone strikes on Kuwait and a US air base drove WTI back toward $91 and sent the dollar surging — then an Axios report confirmed Washington and Tehran had tentatively agreed to a 60-day ceasefire extension pending Trump’s approval. Oil reversed. The dollar collapsed. Equities…
For background, the Monthly Wholesale Trade Survey , conducted by the U.S. Census Bureau, is one of the government’s key economic indicators, tracking sales, end-of-month inventories, and inventories-to-sales ratios for merchant wholesalers across the country. The survey excludes manufacturers’ sales branches and offices, as well as wholesale electronic markets, agents, and brokers. Each month, the Census Bureau surveys a…
British Pound rebounds as US Dollar weakens on Iran deal hopes GBP/USD holds minor gains on Friday after rebounding from intraday lows, supported by improving risk sentiment surrounding a potential US-Iran peace deal. At the time of writing, the pair trades around 1.3460 and is on course to end the week little changed. A senior Iranian source told Reuters…
