As we step into the second week of the Q1 earnings season, a roster of major financial players is gearing up to unveil their financial reports.
Expect updates from Goldman Sachs, Bank of America, Morgan Stanley, American Express, Blackstone, and Charles Schwab.
Additionally, non-financial companies like UnitedHealth, Taiwan Semiconductor Manufacturing,...
The EUR/USD plunged after the hotter-than-expected CPI, as traders reevaluated the odds of a Fed rate cut in June.
EUR/USD has now perhaps broken out of the range of its significant Simple Moving Averages.
Now we might get another pushdown in the lead up to or after the ECB interest rate decision tomorrow. The April 2 swing low of 1.07245 may prove pivotal....
The end of the week brings a host of significant data releases, including the US Consumer Price Index (CPI), the FOMC minutes from the March meeting, and interest rate decisions from both the Bank of Canada and the European Central Bank (ECB).
Import the BlackBull Markets Economic Calendar to iCloud, Google, or Outlook to get alerts direct to your inbox (link...
NZD/USD: Odds for NZ rate cut?
This week the Reserve Bank of New Zealand (RBNZ) is expected to maintain interest rates unchanged at 5.5% Interestingly, as recently as February this year, the RBNZ was still deliberating rate hikes.
Presently, the market attributes a 4% probability to a rate cut. The earliest feasible moment for a rate cut could be in November....
Must-know events for the trading week
The week ahead in the US will be marked by significant events, including the release of the FOMC meeting minutes and March inflation data.
Alongside the meeting minutes, investors will continue to analyze speeches from various Fed officials: Recent remarks from Minneapolis Federal Reserve Bank President Neel Kashkari...
ETHBTC trading: BTC halving vs ETH ETF
Amidst the buzz surrounding Bitcoin's halving, Ethereum finds itself at a crucial crossroads, as the Securities and Exchange Commission (SEC) initiates a 21-day comment period for Ethereum ETF applications.
A veil of uncertainty remains over the immediate fate of Ethereum ETFs with the potential rejection or approval of...
NFP preview: Trading S&P or GBPUSD?
US Fed Chairman Jerome Powell has reiterated on multiple occasions that a tight labor market acts as a deterrent to lowering interest rates. Which is why this month's NFP data release should be interesting.
This Friday's Non-Farm Payrolls (NFP) data is expected to show an addition of 200,000 new jobs. Since Feb 2023, data...
Oil prices reached their highest level in seven months, partly driven by worries that escalating tensions in the Middle East could constrain supply.
Iran has warned of a potential "serious response" against Israel following a targeted strike in Damascus that resulted in the deaths of two Iranian generals. This incident has raised concerns about a widening...
Gold to close above $2200 this week or next?
Examining the daily gold chart, it appears there's a potential bullish flagpole pattern forming, indicating a possible forthcoming breakout. If this pattern unfolds, gold prices could rise. This week, gold attempted to breach $2,200 but faced rejection, dropping to $2,080 before rebounding above $2,190.
However,...
Recent remarks made by Masato Kanda, Japan's vice-finance minister for international affairs, have led to heightened cautiousness regarding potential actions by authorities to support the yen through intervention.
The USD/JPY has comfortably surpassed the 150.000 threshold, which historically has prompting interventions by the Bank of Japan to limit the weakness...
Cocoa:
Cocoa futures hit $9,400 a ton for the first time ever, marking a 45% increase in March.
Poor harvests in key producing countries such as Ivory Coast and Ghana, where adverse weather conditions, including heavy rains from El Niño and subsequent extreme heat, have led to supply shortages. The Ivory Coast cocoa regulator anticipates a 33% decrease in...
In the United States, traders are awaiting insights from Federal Reserve policymakers, particularly Chief Jerome Powell, scheduled to speak on Friday. Fed members Bostic and Cook will also appear on Monday.
Economic data in Europe will be limited this week due to the Easter break, with major bourses closed for Good Friday and Easter Monday. Perhaps the only...
The US Federal Reserve has kept interest rates steady at 5.25%-5.50% while continuing its balance sheet reduction as planned since May 2023.
In contrast, the Bank of Mexico (Banxico) might announce a rate cut tomorrow.
It's anticipated that Banxico could decrease its interest rate from 11.25% to 11%, potentially applying pressure on the Mexican peso. This...
Gold volatility is slowing, and tension building as the Fed announcement gets closer.
Despite the historic announcement from the Bank of Japan's to end its negative interest rates policy and the Reserve Bank of Australia maintaining steady rates, gold has remained relatively stable.
However, with gold being priced in US dollars, all eyes are on the Federal...
Market Surprise? June Rate Cut Might Be Delayed
After today’s BOJ and RBA interest rate decisions, eyes will turn to the Fed’s decision on Wednesday.
Although the US central bank is expected to keep rates unchanged, it could change its outlook due to the upside surprise in the latest CPI and PPI reports.
For now, the first cut is still seen happening in...
There is possibly no bigger trading event this week than the Bank of Japan’s decision on Monday.
The groundwork for abandoning negative interest rates has been subtly laid since last year, and now, this could very well be the month they choose to make their move.
The prospect of ending a policy entrenched for nearly two decades could significantly move the...
Next week's Federal Reserve interest rate decision possibly just got a lot more interesting.
Last night we got PPI data. In February, the producer price index, a key gauge of wholesale inflation, surged by 0.6%, surpassing expectations by more than double.
The big question now is whether traders will reassess their expectations for the timing of a Fed rate...
Is the AUD/JPY the trade to make at the beginning of the coming week?
Both the BoJ and the RBA are delivering their latest interest rate decisions on Monday morning, 30 minutes from each other.
The Bank of Japan is up first, at 11:00 pm on Monday (US time UTC –4). The Reserve Bank of Australia follow at 11:30 pm.
What's expected from each bank?
According...
