In April, Japanese Retail Trade saw a growth of 2.4% Year-over-Year (YoY), surpassing the forecasted 1.9% and bouncing back from the previous period’s low of 1.1%. This positive growth is a promising sign for the Japanese economy, indicating an increase in consumer spending. Large Retailer Sales also showed growth, with a 3.0% YoY increase in
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New York Federal Reserve President John Williams recently commented on the state of inflation, expressing his belief that it is still too high. Despite this assessment, he remains optimistic that inflation will begin to decelerate later this year. Given the current volatility in the market surrounding potential interest rate cuts, Williams did not provide any
The US Dollar Index (DXY) faced a downward trend following a sharp recovery earlier in the week. This decline can be attributed to the released US Gross Domestic Product (GDP) revisions and higher than expected Jobless Claims numbers. These economic indicators have shaken investor confidence and raised concerns about the overall health of the US
The commodity market has been facing challenges in maintaining its upward momentum, especially with recent sell-offs happening frequently. One of the major factors affecting the market is the fluctuation in interest rates and the value of the US dollar. The price of Brent crude oil, for example, fell to 83.60 USD per barrel on Thursday
Kohl’s shares took a significant hit in premarket trading after the company reported a surprising loss per share, falling well below what Wall Street had anticipated. The loss per share of 24 cents was a stark contrast to the expected profit of 4 cents, leaving investors reeling. Additionally, the revenue for the fiscal first quarter
The Euro experienced a significant drop on Wednesday, marking a 0.5% loss, the largest daily decline since April 30th. This downward movement was driven by a wave of risk aversion in the market. Despite this sharp fall, the currency found support in the strong range of 1.0790/80, which includes the top of the thick daily
The CEO of Swedish fintech startup Trustly, Johan Tjarnberg, has revealed that despite a 51% increase in operating profit, the company is not planning an initial public offering for at least another year or two. Tjarnberg emphasized the importance of proving the value of their open banking technology to investors before considering going public. He
Upon analyzing the daily chart of the VanEck Semiconductor ETF (SMH), it is evident that the function of the trend is impulsive. The motive structure indicates a potential upside movement in Minor wave 5. As the ETF reached the Medium Level at $250, there is anticipation for a potential wave {iv} of 5 to initiate
The US economy saw an expansion of 1.3% in Q1 2024, a significant drop from the 3.4% growth in Q4 2023. Additionally, initial jobless claims are expected to rise slightly from 215k to 218k in the week ending May 25. These figures indicate a potential slowdown in economic growth and could have implications for the
The recent surge in U.S. and global bond yields is causing a stir in Asian markets, leading to a strengthening dollar and tightening financial conditions. This shift is taking a toll on risk appetite and investor sentiment, as seen in the significant drop in equity indices worldwide. With a light economic calendar in Asia on
The dollar surged to a two-week high against major currencies on Thursday as a result of a rout in Treasuries. This increase in demand for safe haven assets, combined with higher U.S. yields, boosted the appeal of the dollar. The bond market turmoil has caused global equity markets to slide, prompting investors to flock to
The GBP/USD pair has shown a decline to 1.2695 during the early Asian session, largely due to the strength of the US Dollar. The higher US yields and lower expectations of a Federal Reserve rate cut in September have boosted the USD and consequently weighed on the GBP/USD pair. Investors are eagerly awaiting the release