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US Stocks Mixed in Choppy Session Driven by Data and Fed Speakers

US stock indexes went on a rollercoaster ride in their Wednesday session after weaker then expected US ISM and Manufacturing PMI figures were offset by prices paid showing a return to expansionary territory adding to inflationary concerns after the string of hot January prints. Adding to the mix was Hawkish rhetoric from voting Fed member Kashkari ...

March 2, 2023

AUD CPI eases but Interest Rates could continue rising

The Consumer Price Index (CPI) is an inflation indicator that is closely watched by the markets and policymakers as a gauge of economic fluctuation and price stability. Generally, central banks set and adjust their monetary policy mandate in order to achieve a target level of 2-3% which would allow for moderate growth in prices. As the major econom...

March 2, 2023

Surprising PMI data for the UK

The Purchasing Managers Index (PMI) is a leading indicator of economic health where an expansion of the industry is indicated by a data release above 50, while a release below 50 indicates a contraction. On Tuesday, the Flash Manufacturing PMI was released at 49.2 (Forecast: 47.5) and the Flash Services PMI was released at 53.3 (Forecast: 49.2) for...

February 23, 2023

Hot PMI Data Sees Dow Turn Negative For The Year As Stocks And Bonds Tumble

US Flash Services and Manufacturing PMI’s came out better than expected , showing the US economy remains resilient in the face of raising interest rates. The January narrative of a Fed pivot on fears of an economic slowdown has flipped 180 degrees in February as persistently strong figures have traders repricing markets for “higher for longer�...

February 22, 2023

Walmart Q4 and full-year results announced

Walmart Inc. (NYSE:WMT) announced Q4 and full-year financial results before the market open on Wall Street on Tuesday. World’s largest supermarket chain posted solid results for the quarter – beating both revenue and earnings per share (EPS) estimates. The company reported revenue of $164.048 billion (up by 7.3% year-over-year) vs. $159.7...

February 22, 2023

RBNZ Cash Rate Decision Preview

The NZDUSD has been on a decline since the start of February 2023, with the price reversing strongly from the high of 0.6540 ending the previous week bouncing off the 200-day moving average and previous swing low price level of 0.6190. This week, we have the Reserve Bank of New Zealand (RBNZ) due to release their interest rate decision. Current ...

February 20, 2023

Deere & Company tops estimates

American manufacturer of farm machinery and industrial equipment Deere & Company (NYSE:DE) announced the latest financial results for the quarter ending January 29, 2023, before the market open in the US on Friday. Revenue was reported at $12.652 billion for the quarter (up by 32% year-over-year) vs. $11.337 billion expected. Earnings per...

February 18, 2023

Bitcoin showing early signs of another sell off?

Bitcoin had a tumultuous 2022 with the leading cryptocurrency seeing an aggressive sell off. Lead by catalyst such including the collapse of Celsius and exchange FTX, the price of the dropped 65% from 50,000 USD to $17,000. The collapse of the large players within the cryptocurrency sphere sent shockwaves as institutions and retailers pulled their ...

January 12, 2023