United States Retail Sales ex Autos (MoM) above forecasts (0.3%) in February: Actual (0.5%)
United States Retail Sales ex Autos (MoM) above forecasts (0.3%) in February: Actual (0.5%)
United States Retail Sales Control Group increased to 0.5% in February from previous 0.3%
United States Retail Sales Control Group increased to 0.5% in February from previous 0.3%
United States Retail Sales (MoM) registered at 0.6% above expectations (0.5%) in February
United States Retail Sales (MoM) registered at 0.6% above expectations (0.5%) in February
Gold Price Forecast: XAU/USD rallies further with the $5,000 level on focus
Gold (XAU/USD) appreciates for the fourth consecutive day on Thursday. The US Dollar (USD) tumbles as hopes of a quick end to the Iran war have improved risk appetite and triggered significant pullbacks in US Treasury yields.
Equities: AI-driven support with regional tilts – HSBC
HSBC’s global CIO team keeps an Overweight six‑month view on global equities, supported by AI‑related opportunities and resilient earnings. They favour the United States, Japan and Asia ex‑Japan, while staying Underweight Europe ex‑UK and Neutral on Emerging Markets overall.
Breaking: ADP Employment Change rose by 62K in March
Private employers added 62K jobs in March, the Automatic Data Processing (ADP) reported on Wednesday. This reading followed the 66K increase (revised from 63K) recorded in the previous month and came in above the market expectation of 40K growth.
BoJ: Rate hike prospects supported by solid sentiment – ING
ING economist Min Joo Kang notes that Japanese business sentiment remains relatively firm, with the Tankan Survey and Manufacturing PMI both in expansionary territory.
United States ADP Employment Change above expectations (40K) in March: Actual (62K)
United States ADP Employment Change above expectations (40K) in March: Actual (62K)
Oil: Prices retreat on de-escalation hopes – BNY
BNY’s Head of Markets Macro Strategy Bob Savage highlights a sharp pullback in Brent and WTI as markets price a possible end to the Iran conflict within weeks, even as the Strait of Hormuz remains effectively closed.
WTI pares half of early losses, recovers to near $96 as oil supply risks remain intact
West Texas Intermediate (WTI), futures on NYMEX, claws back half of its early losses during the European trading session on Wednesday. Still, the oil price is down 1.5% to near $96.00.
USD: Data focus on retail sales and ISM – TD Securities
TD Securities analysts highlight that strong February US Retail Sales and a third consecutive rise in ISM Manufacturing could support the Dollar in coming days.
USD/JPY: Downside pressure builds toward 158.00 – UOB
UOB analysts Quek Ser Leang and Lee Sue Ann highlight a sharp USD/JPY drop from near 160.00 to around 158.70, with scope for further declines toward 158.00 while a sustained move below that level is not yet anticipated.