TWTR

Events to Look Out for Next Week

Retail Sales (AUD, GMT 01:30) – Following the unexpected bounce in the preliminary release, the final March retail sales is expected to hold at 1.4% m/m. Tuesday – 11 May 2021 Consumer Price Index (CNY, GMT 01:30) – The Chinese CPI for April is forecasted […]

NFP – Live Analysis

For today’s key NonFarm Payroll data release, 980,000 remains consensus. Weekly unemployment claims yesterday finally broke below the 500,000 level for a post pandemic low but the private ADP payrolls on Wednesday missed expectations of 872,000 to register 724,000 new jobs for April. Will NFP […]

Greenback and Loonie on backfoot ahead of Labour data

The April nonfarm payroll estimates vary from 850k to 978k, though market estimates are skewed to the high side of the forecasts likely due to big declines in initial claims through the month, and big increases in both consumer confidence and producer sentiment. Yet, that […]

StockWatch: IBM’s Chip Breakthrough

IBM​ said it has made a significant breakthrough in its computer​ processors​ by creating a 2-nanometre chip. The test chip can reportedly improve performance by 45% and could quadruple phone battery life. So, will there now be a chip war? As we have seen for […]

Which Commodities are Set for a Bull Run and Why?

Even a casual look at the quarterly reports that have been coming out during the latest earnings season shows that inflation is looming. Many companies report that they are seeing increasing prices from their suppliers, and are actively hedging against inflation. It’s pretty much fact […]

SPX500 Cycle Trend To Complete Near 4643.1

The SPX500 index seems to be forming a large impulse V of a cycle degree. At the time of writing, the impulse V has completed the primary sub-waves ①-②-③-④. From November 2020 to the present day, the price is rising within the primary fifth wave. […]

Intraday Market Analysis – US Dollar Fails to Find Support

USDCHF tanks to new lows The US dollar falls as higher continuing jobless claims point to volatility in the labour market. The bearish MA cross from the daily chart is a reminder of the US dollar’s weakness across the board. The latest consolidation has ended […]

Market Update – May 7 – USD weaker ahead of NFP

Market News Today – USD moves lower, (USDIndex down (0.45%) to 90.80 earlier), EUR and Sterling both bid. Equities all closed higher (new ATH for USA30, USA500 +0.82%) Financials biggest gainers. Commodities tear continues GOLD breaks $1820. 10-yr Yields slip with USD to 1.568%. Asian […]

Weekly Claims breach the significant 500,000 level

EURUSD, H1 US initial jobless claims dropped -92,000 to 498,000 in the week ended May 1, more than expected and posting another new post-covid low, after sliding -13,000 to 590,000 (was 553,000) previously. Just before the US economy closed last year, claims were at 256,000 […]

Adidas: Q1 2021 Earnings Preview  

This Friday (7th May 2021), Adidas AG (#adidas) – the largest sportswear manufacturer in Europe and the second largest in the world – will release its earnings report for the first quarter in 2021. Following the launch of its “Creating the New” strategy in March […]