USD
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In the kickstart video for April 10, I take a look at three of the major currency pairs from a technical perspective – the EURUSD, USDJPY and GBPUSD. In this report, I also take a quick look at the USDCAD after it’s stronger than expected April jobs report which showed a gain of 90.4K – […]
The University of Michigan consumer sentiment will be released at the top of the hour. The expectations are for: Consumer sentiment 76.0 versus 77.2 last monthForward-looking expectations expected at 75.0 versus 76.0 last month.Current conditions came in at 79 last month.One year inflation expectations last month came in at 3.2%five year inflation expectations came in […]
The major stock indices are opening mostly hired for the day and are on pace for gains for the week. A snapshot of the market currently shows: Dow industrial average is trading up 168 points or 0.42% at 39554. The index is on pasteboard eight consecutive up day. For the week the index is up […]
Prior month 77.2Consumer sentiment for May (preliminary) 67.4 versus 76.0 estimate. Prior month 77.2expectations 66.5 versus 75.0 expected. Prior month 76.0current conditions 68.8 versus 79.0 last month1-year inflation expectations 3.5% versus 3.2% last month. Highest since November 20235-year inflation expectations 3.1% versus 3.0% last month A worrisome report in that inflation expectations rose while consumer […]
Dallas Fed Pres. Lorie Logan is speaking and says: Fed has made substantial progress on inflation, with the labor and economy strongit is not a softly ending yet1Q inflation data disappointing.There are important upside risks to inflation. There are uncertainties regarding if policy is sufficiently restrictive.Too early to think about putting rates. We need to […]