Podcasts about fed's powell

P.M. Edition for Feb. 5. U.S. stocks ended the day lower, on dashed hopes we would see rate cuts sooner rather than later. And a WSJ investigation reveals how hundreds of funeral homes have violated a fair practice rule, but kept their names shielded from the public. Medical science reporter Dominique Mosbergen explains. Plus, England's King Charles III has been diagnosed with cancer. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Fed's Powell says March rate cut not the “base case”. Dollar gains, but Treasury yields slide. BoE to stand pat, focus to fall on guidance. Wall Street tumbles, awaits more earnings results.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.

APAC stocks began the new month with price action rangebound as markets paused following the November rally amid another busy day of economic releases, while the conflict in Gaza also resumed.DXY marginally softened beneath 103.50 as it gave back some of the prior day's gains, USD/JPY briefly dipped beneath the 148.00 level, and Antipodeans were choppy amid the mixed risk appetite.Crude futures remained subdued after the prior day's selling despite the OPEC+ agreement for deeper production cuts with markets underwhelmed given that output cuts are voluntary which raises questions regarding the discipline of individual producers.European equity futures are indicative of a higher open with Euro Stoxx 50 future +0.4% after the cash market closed up 0.3% yesterday.Looking ahead, highlights include EZ, US, Canadian Manufacturing PMI (Final), UK Nationwide House Prices, French Budget Balance, Italian GDP (Final), Canadian Unemployment Rate, Speeches from Fed's Powell, Barr, Goolsbee & Cook, ECB's Elderson & Lagarde.Click here for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities extend gains; FTSE100 propped up by mining names; US futures contained pre-PowellDXY is marginally weaker, with mild outperformance in the Kiwi post-hawkish commentary from HawkesbyBonds bounce and back on a firmer footing, after steep month-end retracementCrude contained post-OPEC; base metals boosted by the softer Dollar & firmer Chinese dataIsrael's military said that Hamas violated the truce and fired towards Israeli territory, while it has resumed combat against Hamas in GazaLooking ahead, US and Canadian Manufacturing PMI (Final), Canadian Unemployment Rate, Speeches from Fed's Powell, Goolsbee & Cook, ECB's LagardeRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

In the recent market activity, we observed a range-bound performance with minor fluctuations. The Nifty Bank yesterday closed with a modest gain of around 25 points, while the midcap index rose by approximately 91 points. However, the overall market sentiment saw a dip of 143 points in the Sensex, and the Nifty also struggled to breach the levels around 19,004 to 19,500. In terms of institutional participation, net selling prevailed, with institutions selling over 1,700 crores and buying around 1,500 crores. This suggests that institutions remained net sellers in the market. One significant influence on the global markets was the hawkish comments made by Powell, which affected the US markets. The S&P witnessed a correction, breaking its longest winning streak since 2021, and the Asian markets followed suit. Additionally, oil prices hovered around $79 to $80 per barrel in response to these developments. Despite the Nifty indicating a lower start, macroeconomic factors may provide some support to cushion the market fall. In terms of corporate earnings, several companies, including Biocon, Coal India, ONGC, Tata Motors, Glenmark Pharmaceuticals, and Tata Chemicals, are scheduled to release their results, which will be closely watched by investors. Tune in to the Marketbuzz Podcast for more news and cues ahead of today's session

APAC stocks traded mostly firmer following a similar lead from Wall Street; Chinese markets saw more of a muted performance.DXY traded flat within a tight range on either side of 105.50, USD/JPY remained just under 151.00, and Antipodeans outperformed.European equity futures are indicative of a contained open with the Eurostoxx 50 -0.1% after the cash market closed +0.6% yesterday.US military forces confirm it conducted a self-defence strike on a facility in eastern Syria, according to the Pentagon; the strike was a response to attacks against US personnel in Iraq and Syria by IRGC-Quds Force affiliates.Highlights include US IJC, NZ Manufacturing PMI, Speeches from Fed's Powell, Barkin, Bostic, ECB's Lagarde, BoJ's Ueda, ECB's Lane, Banxico Policy Announcement, Supply from US.Earnings: Deutsche Telekom, Hannover Re, AstraZeneca, Taylor Wimpey, National GridRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses march firmly into the green whilst US futures post gains to a lesser extent; RTY outperforms after heavy losses in recent sessionsDollar is firmer ahead of Fed Chair Powell, with the Kiwi outperforming as it benefits from AUD/NZD cross-sellingDebt gives back some of the prior session's gains with US 10-year yield surpassing 4.50%, though benchmarks are off worstCrude attempts to claw back some of the losses felt over the week; potentially assisted by news that the US military conducted strikes in eastern SyriaHighlights include US IJC, NZ Manufacturing PMI, Speeches from Fed's Powell, Barkin, Bostic, ECB's Lagarde, Banxico Policy Announcement, Supply from USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses post modest losses whilst the NQ & ES teeter around the unchanged mark, RTY lags slightly.Bonds extended gains with Gilts outpacing counterparts though ultimately fell short of 96.00 level, with the complex now off best levels & USTs lower.USD bid with the index printing a 105.87 high, putting downward pressure on G10 peers; GBP bearing the brunt & largely attributed to outperformance in Gilts.Crude continues to crumble but has lifted from lows most recently amid a magnitude 5 earthquake in western TexasLooking ahead, highlights include US Wholesale Prices, NBP Policy Announcement; BoC Minutes, Speeches from Fed's Powell, Williams, Barr & Jefferson; BoE's Bailey; Supply from US. Earnings: Telecom Italia, Ralph Lauren, Kellogg, Disney, BlackRock, Warner Bros Discovery & Disney.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are in the red with the breakdown heavily influenced by a busy corporate docketMicrosoft +3.6% & Google -6.8% in the pre-market, ahead of heavyweights include Meta & BoeingDXY eclipses Monday's best to the modest detriment of peers, AUD gives up post-CPI gains & JPY continues to test 150.0Core fixed benchmarks lose initial upward momentum despite strong auctions, modest pressure emanating from above-forecast German IfoA contained and limited session for the commodity space as the pace of geopolitical updates slows somewhatLooking ahead, highlights include US New Home Sales, BoC Policy Announcement, Fed's Powell, ECB's Lagarde, BoC's Macklem & Rogers, and Supply from the US. Earnings: Meta, Thermo Fisher, T-Mobile, IBM, ADP, Boeing.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses and US futures reside in the red with earnings dominating newsflow; NFLX +13.5%, TSLA -4.8%, SAP +4.8%.USD has been grinding higher alongside yields to the detriment of peers with the slim exception of EUR & JPYCrude benchmarks reside in the red after Wednesday's gains with metals mixed and spot gold near unchangedReports of renewed heavy shelling by Israel in Gaza while reports indicate Israel won backing from Biden to push ahead with a ground invasionLooking ahead, highlights include US IJC, Philadelphia Fed, Existing Home Sales & Leading Index, Fed's Powell, Jefferson, Goolsbee, Barr, Bostic, Harker & Logan. Earnings from Philip Morris, AT&T.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were lower across the board amid spillover selling from global peers.After-hours earnings in the US saw Netflix surge 12.8%, whilst Tesla fell 4.2%.European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.6% after the cash market closed down 1.1% yesterday.FX markets are steady with DXY caged in a tight range above 106.50, AUD suffers post-jobs data and USD/JPY continues to eye 150.Looking ahead, highlights include US IJC, Philadelphia Fed, Existing Home Sales & Leading Index, Fed's Powell, Jefferson, Goolsbee, Barr, Bostic, Harker & Logan, Supply from France & Spain.Earnings from Roche, Nestle, Pernod Ricard, Renault, L'Oréal, Philip Morris, AT&T.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

AP correspondent Ben Thomas reports on Federal Reserve-Powell

APAC stocks traded mixed following the indecisive performance in the US amid further upside in global yields and higher oil prices.European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed up 0.1% yesterday.US Senate is to vote today at 16:30BST/11:30EDT on a motion to proceed the "shell" bill to avoid a shutdown, according to Fox.DXY holds gains above the 106 mark, EUR/USD lingers around 1.05, JPY is firmer but USD/JPY remains on a 149 handle.Looking ahead, highlights include German & Spanish CPI, EU Sentiment, US GDP (Final), US IJC, ECB's Economic Bulletin, Banxico Policy Announcement, Fed's Powell, Goolsbee, Cook & Barkin, Supply from Italy & US, Earnings from Nike.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses trade softer following a predominantly negative close yesterday as a lack of positive catalysts keeps sentiment suppressed.DXY settled down under 106.50 after extending gains on Wednesday when various bullish impulses combined to boost the Buck.Bunds and Gilts have been in freefall alongside Eurozone periphery debt, the T-note managed to tread water for the most part.US Senate is to vote today at 16:30BST/11:30EDT on a motion to proceed with the "shell" bill to avoid a shutdown, according to Fox News' Chad Pergram.Looking ahead, highlights include German CPI, US GDP (Final), US IJC, Banxico Policy Announcement, Fed's Powell, Goolsbee, Cook & Barkin, Supply US, Earnings from Nike, Carmax & Accenture.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded lower following the weak handover from global counterparts after the Nvidia-related euphoria wore off.European equity futures are indicative of a lower open with the Eurostoxx 50 future -0.3% after the cash market closed down 0.8% yesterday.DXY has extended upside above 104 and is firmer vs. peers, EUR/USD sits on a 1.07 handle whilst USD/JPY has reclaimed 146 status. ECB's Nagel stated it is much too early to think about a rate-hike pause, Vujcic said it is to be seen whether rates are restrictive enough.Offshore Alliance members at Woodside Energy (WDS AT) endorsed the in-principle agreement.Looking ahead, highlights include German Ifo, US UoM Survey, Fed's Powell, Mester, Harker, Goolsbee & ECB's Lagarde.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Gerald Celente, TrendsJournal.com. Fed policy is accelerating and intensifying the damage done by lockdown. Rapid increases of interest rates to high levels will have devastating consequences for regional and smaller banks, commercial real estate, housing and the stock market. And things are as bad or worse in ChinaFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTFind out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silver

Gerald Celente, TrendsJournal.com. Fed policy is accelerating and intensifying the damage done by lockdown. Rapid increases of interest rates to high levels will have devastating consequences for regional and smaller banks, commercial real estate, housing and the stock market. And things are as bad or worse in ChinaFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTFind out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silver

APAC stocks traded mixed amid some indecision heading closer towards month/quarter/half-year end and after the choppy performance stateside.US bank shares were marginally supported after-hours following the Fed's stress test results which all 23 of the largest banks passed.European equity futures are indicative of a flat open with the Euro Stoxx 50 +0.4% after the cash market closed up 0.9% yesterday.DXY is back on a 103 handle, EUR/USD slipped below 1.09, USD/JPY retained a footing above 144.50.Looking ahead, highlights include German CPI, Spain CPI, US PCE Prices (Final), IJC & GDP (Final), Riksbank Policy Announcement, remarks from Fed's Powell & Bostic, BoE's Tenreyro & ECB's de Cos.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses trade on the front foot as the region plays catch up to the afternoon gains on Wall Street.DXY defies gravity given negative rebalancing signals on spot month, Q1 and H1-end, as the index continued to pivot 102.50.Debt futures overcame several wobbles before establishing a more solid base to mount a firmer recovery from sub-par lows.WTI and Brent whipsawed between gains and losses this morning despite a lack of newsflow, but in the grander scheme, prices are choppy within tight ranges.US considers new curbs on AI chip exports to China amid some concerns China could use AI chips from Nvidia (-4% pre-market) and others for weapon development and hacking, according to WSJ.Looking ahead highlights include US Mortgage Applications, Speeches from ECB's Lagarde, Lane & Enria, BoE's Pill, Panel Participation by BoE's Bailey, ECB's Lagarde, Fed's Powell & BoJ's Ueda, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed and only partially sustained the momentum from Wall St. which was led higher by tech. Softer-than-expected monthly CPI data from Australia added to the bets for the RBA to keep rates unchanged at next week's meeting.European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 +0.4% after the cash market closed up 0.6% yesterday.DXY is a touch firmer above 102.50, AUD lags post-CPI, EUR losses stemmed by further hawkish ECB source reports.Highlights include EZ M3 Growth, Italian CPI (Prelim), US Mortgage Applications, Speeches from ECB's Lagarde, de Guindos, Lane & Enria, BoE's Pill, Panel Participation by BoE's Bailey, ECB's Lagarde, Fed's Powell & BoJ's Ueda, Supply from UK & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) The Bank Of England gets set for a 13th consecutive rate rise. (2) The Fed's Powell indicates that two more hikes are likely this year. (3) An ex-Goldman banker is convicted of passing insider tips to a friend. (4) With less than 10 hours of air remaining, the search for the Titanic sub continues.See omnystudio.com/listener for privacy information.

European bourses trade on the backfoot with selling pressure having picked up since the cash open; Chinese markets were closed overnight.US equity futures are also softer on the session, albeit to a lesser extent than European peers with the ES just about holding around the 4400 mark.SNB's rate hike disappointed markets but matched analyst expectations while Norges opted for a larger-than-forecast rate hike and guided another hike in August.DXY sits in a tight range on either side of 102.00, EUR/USD eventually reclaimed 1.10+ status, with hefty in-the-money OpEx for the NY cut.Looking ahead, highlights include US IJC, Existing Home Sales, EU Consumer Confidence (Flash), BoE, CBRT & Banxico announcements, Speeches from Fed's Powell, Bowman, Barkin, ECB's de GuindosRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

AP correspondent Ed Donahue on Federal Reserve Powell

European bourses are pressured on continuing Manufacturing PMI softness alongside hawkish pricing implicationsStateside, futures are essentially flat as we await further substantive debt ceiling updates and remarks from Fed's PowellBiden said he is optimistic on making debt ceiling progress; McCarthy described the meeting as a productive discussionDXY is underpinned and benefitting further from EUR & GBP weakness post-PMIs while the JPY bucks the trendCrude is attentive to key officials while metals are dented by the USD; Saudi Energy Minister said “I keep telling speculators they will be ouching” and they did in AprilFixed benchmarks are pressured on the hawkish PMI implications for the BoE & ECB; USTs directionally in-fittingLooking ahead, highlights include US PMIs (Flash), US Home-Sales. Speeches from Fed's Powell & Logan, ECB's Nagel, Villeroy & Enria. Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

On the Money Café this week, Alan Kohler and James Thomson discuss Japan and its supermarkets, the unsurprising “surprise” by the RBA, the Fed's Powell on sticky inflation, the evidence — or lack of — for rate cuts, the best banker in the country and CEO transitions. Also: HECS debts, ASX to NYSE, stage 3 tax cuts and inflation, best Super funds for +$1 million and who caps fees, parking money in a bond, when to call an accountant and when the reckoning arrives for unlisted asset values.See omnystudio.com/listener for privacy information.

Tonight, Drama, Dee, Anand, and Koreen discuss some of the latest business news. They start with Alphabet's (GOOGL) Q1 earnings report for 2023 and what it means for the tech giant. They then move on to Meta shares, which have popped 14%, reaching a 52-week high on guidance and sales increase. Next up is Amazon's impressive 16% cloud revenue growth, despite a narrowing margin. The group also talks about OpenAI closing a $300M share sale at a valuation of $27B-29B. Finally, they discuss the Fed's Powell being tricked by fake callers from Russia, and the implications of such a security breach. - written by ChatGPT Connect with Group Chat! Watch The Pod #1 Newsletter In The World For The Gram Tweet With Us Exclusive Facebook Content We're @groupchatpod on Snapchat

AP correspondent Jackie Quinn reports on Federal Reserve Powell Prank.

Chairman Powell essentially repeated his mantra "higher for longer", which somehow surprised the markets. In this video we examine history and consequences of this policy for your portfolio. P.S. Sign up for a FREE "10 Stress for 23" challenge and elevate your prepaparedness for portfolio shocks https://rixtrema.net/10for23/

In today's episode, NLW looks at the macro as Federal Reserve Chair Jerome Powell discusses monetary policy this week before Senate and House of Representatives banking committees. The markets are betting on a 50 basis point rate hike at the next Federal Open Market Committee meeting based on his Tuesday comments. Enjoying this content?   SUBSCRIBE to the Podcast Apple:  https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=   Join the discussion: https://discord.gg/VrKRrfKCz8   Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW   - “The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Anna Moneymaker/ Getty Images, modified by CoinDesk.  Join the discussion at discord.gg/VrKRrfKCz8.  

The most valuable crypto stories for Wednesday, March 8, 2023. Bitcoin (BTC) is hovering around $22,000 as Federal Reserve chair Jerome Powell stressed that the central bank has yet to make a decision on the size of the rate hike when the Federal Open Market Committee (FOMC) meets later in March. Powell is testifying before the House Financial Services Committee for his semi-annual monetary policy report. Separately, Coinbase is launching a "wallet as a service" business that will enable companies to customize their blockchain wallets for their own customers. "The Hash" panel weighs in on today's top stories.See also:Federal Reserve's Powell: We Don't Want to Strangle Crypto Innovation, but Sector Is a MessFed Chair Powell's Comments Shift Rate Projections; Bitcoin Holds WarilyBitcoin Rebounds Above $22K, Equities Struggle After Fed Chair Powell Says Rates Are ‘Likely to Be Higher'Coinbase Starts ‘Wallet as a Service' Companies Can Build Into Their Own Apps-This episode has been edited by Ryan Huntington. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”-Are you building the next big thing in Web3? Apply to pitch your project live on stage at the CoinDesk Pitchfest Powered by Google Cloud at Consensus, the industry's most influential event happening April 26-28 in Austin, Texas. Apply by March 31 for a chance to be among the twelve finalists selected to pitch. Visit consensus.coindesk.com/pitchfest for more information.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

APAC stocks were mostly lower amid headwinds from Wall St where risk assets suffered after Powell's hawkish testimony.European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 -0.2% after the cash market closed down 0.8% on Tuesday.DXY lingers around YTD highs post-Powell, AUD is attempting to claw back recent losses, JPY lags.Hawkish Fed pricing saw the curve hit its most-inverted levels in over 40 years with both the 2s10s and 2s30s spreads falling beneath -100bps.Looking ahead, highlights include German Industrial Output & Retail Sales, US ADP, International Trade & JOLTS, Canadian Trade Balance, BoC Policy Announcement, Speeches from Fed's Powell, Barkin, ECB's Lagarde, Wunsch, Panetta & BoE's Dhingra, Supply from UK, Germany & US, Earnings from Oracle.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are mixed within fairly narrow parameters given the tentative post-Powell sentiment ahead of ADP & numerous speakers.DXY has lifted to a fresh YTD peak, with peers mixed as AUD outperforms and JPY lags.GBP was unfazed by Dhingra reiterating a preference to pause tightening, in remarks that were not as explicit as dovish-peer Tenreyro.Fixed income is attempting to tick higher, in what is more an attempted consolidation than any real upside move.Crude benchmarks are relatively contained around Tuesday's lows with Nat Gas mixed and spot gold essentially unchanged.Looking ahead, highlights include US ADP, International Trade & JOLTS, Canadian Trade Balance, BoC Policy Announcement, Speeches from Fed's Powell, Barkin, Supply from the US, Earnings from Oracle.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

This month's FOMC meeting is expected to result in a 50 basis point interest rate hike.In today's episode, NLW looks at the macro as Federal Reserve Chair Jerome Powell discusses monetary policy this week before the Senate and House of Representatives banking committees. The markets are betting on a 50 basis point rate hike at the next Federal Open Market Committee meeting based on his Tuesday comments.-“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Anna Moneymaker/ Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The most valuable crypto stories for Wednesday, March 8, 2023. Bitcoin (BTC) is hovering around $22,000 as Federal Reserve chair Jerome Powell stressed that the central bank has yet to make a decision on the size of the rate hike when the Federal Open Market Committee (FOMC) meets later in March. Powell is testifying before the House Financial Services Committee for his semi-annual monetary policy report. Separately, Coinbase is launching a "wallet as a service" business that will enable companies to customize their blockchain wallets for their own customers. "The Hash" panel weighs in on today's top stories.See also:Federal Reserve's Powell: We Don't Want to Strangle Crypto Innovation, but Sector Is a MessFed Chair Powell's Comments Shift Rate Projections; Bitcoin Holds WarilyBitcoin Rebounds Above $22K, Equities Struggle After Fed Chair Powell Says Rates Are ‘Likely to Be Higher'Coinbase Starts ‘Wallet as a Service' Companies Can Build Into Their Own Apps-This episode has been edited by Ryan Huntington. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”-Are you building the next big thing in Web3? Apply to pitch your project live on stage at the CoinDesk Pitchfest Powered by Google Cloud at Consensus, the industry's most influential event happening April 26-28 in Austin, Texas. Apply by March 31 for a chance to be among the twelve finalists selected to pitch. Visit consensus.coindesk.com/pitchfest for more information.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

➤ Tesla begins to expand FSD Beta v11.3.1 to outside customers ➤ Fed's Powell continues Senate discussion ➤ Berenberg downgrades TSLA stock ➤ NHTSA opens preliminary investigation on Tesla ➤ China February sales ➤ Tesla inventory spikes Shareloft: https://www.shareloft.com Twitter: https://www.twitter.com/teslapodcast Patreon: https://www.patreon.com/tesladailypodcast Tesla Referral: https://ts.la/robert47283 Executive producer Jeremy Cooke Executive producer Troy Cherasaro Executive producer Andre/Maria Kent Executive producer Jessie Chimni Executive producer Michael Pastrone Executive producer Richard Del Maestro Executive producer John Beans Disclosure: Rob Maurer is long TSLA stock & derivatives

APAC stocks traded mostly higher although gains were capped as participants digested the latest Chinese trade data.Chinese trade data showed a continued contraction in both dollar-denominated exports and imports.RBA hiked rates by 25bps as expected but provided a slightly less hawkish tone.European equity futures are indicative of a contained open with the Euro Stoxx 50 flat after the cash market closed up 0.4% on Monday.Price action in the FX space is broadly contained, GBP marginally outperforms, AUD lags post-RBA.Looking ahead, highlights include Swiss Unemployment, Speeches from Fed's Powell & ECB's de Cos, Supply from UK, Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are contained in relatively narrow ranges pre-Powell, following firmer but ultimately capped APAC action on China trade dataDXY continues to inch higher but has stalled at 104.50 before Monday's 104.69 best; AUD lags post-RBAEGBs/Gilts initially tested/breached Monday's best, but have pulled back slightly following relatively lacklustre auctionsUSTs are firmer and at the top-end of their range ahead of Fed speak and 3yr supplyCrude benchmarks are pivoting the unchanged mark given the above, focus also on numerous geopolitical updatesLooking ahead, highlights include US Manheim index, Speeches from Fed's Powell, BoE's Dhingra, SNB's Jordan, Supply from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks eventually traded mixed after the weak lead from global counterparts as markets continued to ramp up hawkish Fed pricing.RBA lifted the Cash Rate by 25bps to a fresh decade-high and signalled further rate increases ahead.European equity futures are indicative of a contained open with the Euro Stoxx 50 +0.1% after the cash market closed down 1.2% yesterday.DXY has held onto a bulk of recent gains, AUD outperforms post-RBA, EUR/USD and Cable sit on 1.07 and 1.20 handles respectively.UK PM Sunak is to announce a mini-reshuffle on Tuesday and is considering major changes to Whitehall departments, according to The TimesLooking ahead, highlights include Speeches from Fed's Powell & Barr, ECB's Schnabel, Kazimir & Knot, BoE's Cunliffe, BoC's Macklem, Supply from Netherlands, UK, Germany & US, Earnings from Evolution, asm-Osram, Carlsberg, Siemens Energy, BP, Centene, DuPont and Royal Caribbean.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are modestly firmer, Euro Stoxx 50 +0.2%, after yesterday's pronounced pressure and ahead of key Central Bank speak.Stateside, the picture is very similar to the above though the NQ +0.3% is the incremental outperformer with US yields ever so slightly softer.DXY steady around 103.500 in advance of Fed chair Powell, Aussie boosted by hawkish RBA hike and guidance overnightCore EGBs are softer, though off worst levels, with pressure emanating from hawkish remarks from ECB's Villeroy with Gilts similarly softerCrude benchmarks continue to climb as the momentum from APAC trade remains in play, with fresh developments somewhat limited after Monday's OSP updates; WTI and Brent are firmer by over 2.0%.Looking ahead, highlights include Fed's Powell & Barr, ECB's Schnabel, BoE's Cunliffe, BoC's Macklem, Supply from the US, and Earnings from Centene, DuPont and Royal Caribbean.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

AP correspondent Ed Donahue on Federal Reserve Powell

Today, Daniel Yadgard joins us to talk about The Foundation and AARKE.com. Then, Drama, Dee, and Anand discuss the latest financial news and market trends. They cover Fed Chair Powell's statement on interest rates, the drop in mortgage rates, the surge in Meta stock and Peloton shares, and the elimination of Hanesbrands' dividend. The trio also analyzes the weak earnings and guidance from GOOS and shares the news on a potential payout for Celsius drink buyers. They round up the episode by discussing Tom Brady's retirement from the NFL and this week's Winners, Losers, and Content. - written by ChatGPT Timeline of What Was DIscussed: A Group Chat exclusive interview with Daniel Yadgard, Co-Owner and Managing Partner of The Foundation and AARKE.com. (1:56)  Maybe Jerome Powell's a genius. (31:18)  Earnings reports: Zuck's bounce back, Tesla's comeback, Apple's decline, and Peloton's hot again! (33:44)  Are people back to buying houses? (47:22)  Bought a Celsius and get $250! (52:30)  Winners, Losers, and Content. (55:17)  Group Chat Shout Outs! (1:13:15)  Related Links/Products Mentioned  Chatty Kathy Club  Fed's Powell says no rate cuts this year, and markets hear it differently  2 reasons Meta stock is exploding 20% after a whopper earnings miss  Tesla's strong orders and weak margins in its latest earnings have analysts conflicted on the stock  Apple sales drop 5% in largest quarterly revenue decline since 2016  Peloton shares surge 26% after fitness company posts subscription revenue growth  Hanesbrands Eliminates Dividend after Guidance, Earnings Miss; Stock Craters  GOOS Plunges after Weak Earnings and Guidance  Mortgage rates drop to the 5% range for the first time since September  If you've purchased a Celsius drink, you may be eligible for up to $250  Brady retires 'for good,' ends 23-year NFL career  Money made in Nevada in 2022 - Darren Rovell on Twitter  #1929 - Louis CK - The Joe Rogan Experience  Connect with Daniel!  IG: @yadgard  LinkedIn  The Foundation  Aarke Official Website **Promo code GROUPCHAT for 25% off**  Connect with Group Chat! Watch The Pod #1 Newsletter In The World For The Gram Tweet With Us Exclusive Facebook Content We're @groupchatpod on Snapchat

AP correspondent Jennifer King reports on Federal Reserve Powell COVID

APAC stocks traded mostly lower as the risk appetite in the region stalled following a similar handover from Wall St.European equity futures are indicative of a weaker open with the Euro Stoxx 50 -0.8% after the cash market closed up 1.3% yesterday.DXY is back on a 103 handle after a brief slip below the level, EUR/USD is contained on a 1.07 handle, Cable met resistance at 1.22.Crude futures were marginally lower after a pullback from yesterday's highs as risk momentum waned.Looking ahead, highlights include Chinese Loans & M2 Money Supply, Speeches from Fed's Powell, ECB's Schnabel & BoE's Bailey, Supply from Netherlands, UK & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are under pressure, Euro Stoxx 50 -0.5%, in a continuation of the tepid APAC tone amid minimal newsflow.Goldman Sachs lifts its 2023 EZ GDP forecast to 0.6% (prev. -0.1%), no longer expects a euro-area recession.US futures are similarly contained and are diverging slightly around the unchanged mark pre-Powell; newsquawk primer available.Dollar is trying to regroup ahead of Fed Chair Powell, but DXY is heavy on the 103.000 handle and mixed vs majors.Bonds retreat further from peaks in consolidation and consideration of heavy conventional and syndicated issuance.Crude benchmarks spent much of the European morning little changed, but have recently broken out of and eclipsed initial parameters, with upside of circa. USD 0.50/bbl as such.Looking ahead, highlights include a speech from Fed's Powell & supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks eventually traded mostly higher although gains were capped following the subdued handover from Wall St and disappointing Chinese PMI data.European equity futures were positive with the Euro Stoxx 50 future up 0.5% after the cash market closed flat yesterday.DXY ran out of steam ahead of 107, EUR/USD and Cable reside on 1.03 and 1.19 handles respectively, NZD outperforms.OPEC+ is likely to keep output levels flat at the Sunday meeting, according to WSJ citing delegates.Looking ahead, highlights include Swiss KOF, German Unemployment, EZ CPI (Flash), US GDP (2nd), PCE Prices Prelim., JOLTS, Speeches from Fed's Powell, Bowman, Cook & BoE's Pill, Supply from Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities trade on a firmer footing following mixed leads from Wall St, with eyes set on Fed Chair PowellDXY under pressure after failing to surpass 107.00 overnight, Cable above 1.20 with antipodeans leadingYuan, base metals and COVID-sensitive areas supported following the latest China testing/restriction alterationsCore bonds dented as core EZ inflation fails to decline, USTs directionally in-fitting but little changed overall pre-PowellCrude firmer intraday as the overall tone remains constructive and the USD dipsLooking ahead, highlights include US GDP (2nd), PCE Prices Prelim., JOLTS, Speeches from Fed's Powell, Bowman, CookClick here for the Week Ahead previewRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

THE THESIS: Biden is the disposable man. The Party gets to hide their attack on America in the man's chronic buffoonery. But, the patterns are clear as to what Biden is being made to install. We will need to live in God's way to thrive in the new Babylon. THE SCRIPTURE & SCRIPTURAL RESOURCES: Daniel never allowed any pressure, even threats of painful death, to part him from God.Living with Lions: The Story of DanielTHE NEWS & COMMENT:The Figurehead, Biden “inherited” a nation that has been on the brink of energy independence, with a manufacturing sector being revived and, until The Party installed the Great Reset under cover of Covid, with low unemployment. Biden is now the Figurehead of a Country fresh off the boot on our collective necks, with many people utterly broken and willing to accept and even mouth absurdities on behalf of The Party. The people who run Biden, and their global partners, are using this period to accelerate the world into a new Babylonian period. The new push in that direction is with the fuel for exchanging our life's energy (our work) for life's necessities, food, water and shelter. Biden is being made to confuse people about our economy. [AUDIO] - BIDEN: "Look at what I've inherited and what I've done!" - When Biden took office, inflation was at 1.4% and gas prices were at $2.39/gal. Today, inflation is at 8.2% and gas prices are at $3.82/gal.Giving people loans after they shut down their business is not the same thing as a young person getting conned into a silly college loan. [AUDIO] - Biden: I don't want to hear it from Maga Republicans who had hundreds of thousands of dollars of debts, even millions of dollars in pandemic relief loans forgiven. Marjorie Taylor Greene, she and her husband got over $180,000 in business loansOur entire economy has been nudged and is now being shoved to the precipice. But, Biden pretends it's the same old story . . . [AUDIO] - Biden says Republicans “will crash the economy next year by threatening the full faith and credit of the US … unless we yield to their demand...”Their “demands?” That is the same old Democrat war cry about the insolvent Social Security Ponzi Scheme. The Republican establishment isn't doing a thing to stop the actual destruction of America's economy--”why don't we just ‘blow it up'” say the Technocrats--so they can install the new, command and control Fed's Powell lists his 4 qualifications for a US CBDC; A digital dollar must ensure user privacy, be “identity verifiable,” be “intermediated” and be widely accepted as a means of payment, the central bank chief said at an event hosted by the BIS.This clip is fascinating in two ways: The Member of Parliament fully admits that Central Bank Digital Currencies (CBDCs) are population control devices.[AUDIO] - U.K. - July 2021 Steve Baker MP confirms the gov plans for Digital ID, social credit & programmable CBDCs. It isn't a theory, but it is a conspiracy against citizens freedoms, anonymity and privacy. And it's coming.The infrastructure is in place to enforce the CBDC. It was built for a flu, don't you know? But, people hated the “vaccine” passports. But, the friendly-sounding digital ID--which is the same thing--people are lapping up Utahns can now digitize their ID, partnership announced with Utah credit unionIt is a short bit of code to attach payments. I am quite certain this is already being tested. It's being done under the cover of the weather. Mastercard just outlined its digital ID push; Where payments meet digital ID.Thank the Lord, there are state AG's fighting back! May God protect them. 19 AGs Investigate Big Banks' Climate Extremism That Will Rob Farmers And Frackers Of Credit

Neil Fenning, our Renton, WA-based advisor, joins Brian on the show this week to discuss the Fed and its recent statements. You'll hear about what it can mean for the Markets and us. The Fed's Powell said he wanted to see "pain"; this episode will help give you an idea of what that can mean for retirees and their financial plans.

APAC stocks were mostly higher in which the majority of indices shrugged off the negative lead from Wall St (-1.02%).European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.5% after the cash market closed down 0.2% yesterday.DXY pulled back from recent highs, Cable has recovered to a 1.07 handle, NZD leads FX majors.BoE said it is monitoring developments in financial markets very closely and it will not hesitate to change rates as much as necessary.Looking ahead, highlights include EZ M3, US Durable Goods, Consumer Confidence & New Home Sales, Speeches from Fed's Powell, Bullard, Evans & Kashkari, ECB's Lagarde, de Guindos, & Panetta, BoE's Pill, Supply from Netherlands, Italy, UK, Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed, Euro Stoxx 50 +0.2%, as the complex wanes from best levels ahead of a packed Central Bank agenda.DXY has eased from newly formed peaks as yields ease from highs and broader sentiment stages a modest recovery.GBP and Gilts have reclaimed some composure following recent pronounced pressure, all eyes on BoE's Pill.Stateside, USTs are holding firm and similarly at the top-end of ranges ahead of numerous Fed officials and 5yr issuance.Crude benchmarks have been meandering higher throughout the session, after yesterday's lower settlement.Focus on Nord Stream 1 & 2 pipeline damage, cause unknown, and fresh reporting around a potential EU price cap.Looking ahead, highlights include US Durable Goods, Consumer Confidence & New Home Sales, Speeches from Fed's Powell, Bullard, & Kashkari, ECB's Lagarde, de Guindos, & Panetta, BoE's Pill, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly positive after the relief rally on Wall St where a lower yield environment and declines in oil prices underpinned risk appetite.European equity futures are indicative of a firmer open with the Euro Stoxx 50 future +0.5% after the cash market closed up by 0.1% yesterday.DXY is back on a 109 handle, antipodeans lag, EUR/USD hovers just below parity, GBP/USD sits just above 1.15.Crude nursed some of the recent losses after falling to post-Ukraine lows but with the overnight rebound kept thin following lockdown extensions in China.Looking ahead, highlights include US IJC, ECB Announcement, Speeches from ECB's Lagarde, Fed's Powell, Evans, Kashkari & BoC's Rogers.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses trade with a directionless bias on ECB day; US equity futures are portraying a similar tentativeness.DXY pulled back further from Wednesday's new multi-year peak before finding support just under 109.500; JPY pared more losses.Bunds and Gilts sit far from best levels; US Treasuries are treading water albeit also off overnight peaks US President Biden delayed the decision on Trump-era tariffs on China; China Health Authority encourages people to stay put during China National Day holidays (Oct 1st-7th).Looking ahead, highlights include US IJC, ECB Announcement, Speeches from ECB's Lagarde, Fed's Powell, Evans, Kashkari & BoC's RogersRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Listen to the August 27th, 2022 daily headline round-up and find all the top news that you need to know.

In this breaking news episode, I summaries the main take home points from the highly anticipated speech from the Fed Chairman Jerome Powell at the Jackson Hole symposium. Find out what were the three main comments, how the market reacted and what does this mean for the September FOMC meeting.Daily newsletter https://amplifyme.com/market-makerFree Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/ Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

AP correspondent Norman Hall reports: Financial Markets

European bourses are on the backfoot as the region plays catch-up to the losses on Wall Street yesterdayUS equity futures trade on either side of the unchanged mark with no stand-out performers thus farIn FX, Dollar is mostly bid, CHF outperforms, JPY is rangy, EUR sees conflicting inflation prints, and antipodeans lagBunds unwind all and a bit more of their hefty post-NRW CPI gains as other German states show smaller inflation slowdowns and Spanish HICP soarsChinese President Xi said China's COVID prevention control and strategy is correct and effective and must stick with itLooking ahead, highlights include German CPI Prelim, US GDP Final, OPEC Meeting, Speeches from Fed's Powell, Mester & Bullard, ECB's Lagarde, de Guindos & Schnabel, BoE's Bailey & MPC-elect DhingraRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were pressured amid headwinds from the US where disappointing Consumer Confidence data added to growth concerns (S&P 500 -2%)European equity futures are indicative of a softer open with Eurostoxx 50 -0.6% after the cash market closed higher by 0.3% yesterdayDXY hovers around the 104.50 mark, EUR/USD maintains 1.05 status and USD/JPY sits on a 136 handleTurkey dropped its opposition to Sweden and Finland's NATO bidLooking ahead, highlights include EZ Sentiment Survey, German CPI Prelim, US GDP Final, OPEC Meeting, Speeches from Fed's Powell, Mester & Bullard, ECB's Lagarde, de Guindos & Schnabel, BoE's Bailey & MPC-elect DhingraRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Even Fed's Powell now admits a #recessions is coming (and that the dollar might need help) Despite telling the world how the US economy is rock solid and that there's no sign of a potential recession, now even #JeromePowell is admitting that once again he was wrong. Following in the path of his claim that inflation was transitory, Powell is now admitting that the US may soon enter a recession. Which again seems a bit behind the curve, as most other people on the planet are not concerned about the US potentially entering a recession, but in dealing with the signs that it's already happened. The #FederalReserve chairman also had some unusual comments about central bank digital currencies, and how they might be needed to maintain the #dollar's status as the reserve currency, and to find out more, click to watch today's show now! - To find out more about Reyna Silver go to: https://reynasilver.com/ - To get Arcadia silver videos delivered straight to your email inbox click here: https://arcadiaeconomics.com/email-signup/ - To get on the waiting list for your very own ´Silver Chopper Ben´sterling silver figurine click here: https://arcadiaeconomics.com/get-a-chopper-ben/ - To get your paperback or audio copy of The Big Silver Short go to: https://arcadiaeconomics.com/thebigsilvershort/ - To see the evidence of manipulative behavior in the silver market (as well as how you can send it to your local regulators and Congressional representatives) click here: https://arcadiaeconomics.com/cftc-complaint/ - To sign the petition to ban JP Morgan from having any involvement in the silver industry click here: https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver - Follow Arcadia Economics on Twitter: https://twitter.com/ArcadiaEconomic - To receive updates about Arcadia option trading events: https://arcadiaeconomics.com/options/ - #silver #silverprice And remember to get outside and have some fun every once in a while!:) (URL0VD)Subscribe to Arcadia Economics on Soundwise

European bourses are subdued, Euro Stoxx 50 -1.9%, as Tuesday's positivity waned in the APAC session as commodities slippedStateside, futures are in-fitting with the above action, ES -1.4%, where participants are awaiting the first session of testimony from Chair PowellDXY bid but mid-range pre-Powell with peers conforming to the tone as JPY & CHF benefit while activity currencies slipCommodities are, broadly speaking, curtailed though gold is cushioned given its haven-status; Biden is due to speak on fuel prices laterBonds bounce on broader risk sentiment though Bunds fade somewhat post issuanceLooking ahead, highlights include Canadian CPI & EZ Consumer Confidence (Flash), Speeches from Fed's Powell, Barkin, Evans & Harker, BoC's Rogers, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were subdued after the risk-on mood from Wall Street (S&P 500 +2.45%) waned overnight amid pressure in commodities.European equity futures are indicative of a lower open with Eurostoxx 50 -1.3% after the cash market closed higher by 0.7% yesterday. DXY is firmer but still on a 104 handle, EUR/USD has lost 1.05 status, antipodeans lag. Crude benchmarks took another leg lower as risk appetite in Asia deteriorated.Looking ahead, highlights include Canadian & UK Inflation, EZ Consumer Confidence (Flash), Speeches from Fed's Powell, Barkin, Evans & Harker, ECB's de Guindos & Elderson, BoC's Rogers, Supply from Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed, Euro Stoxx 50 -0.8%, with sentiment cautious after a mixed APAC handover and in wake of hot EZ CPI before Powell's meeting with Biden.Stateside, futures are pressured succumbing to the broader risk moves after initial cautious/contained trade.EZ Flash CPI for May surpassed expectations printing at 8.1% YY, denting Bunds and dragging peers lower in sympathy; yields extending and steepeningDXY at the top-end of sessions range with antipodeans caught between mixed data while Yuan lifts post-PMIsCrude benchmarks are bid after the EU agreed to a watered-down Russian sanctions package; Council meeting is ongoing, set to conclude todayLooking ahead, highlights include US Consumer Confidence; Fed's Powell meeting US President Biden, SNB's Zurbruegg.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are subdued following the Snap-headwind, further hawkish ECB rhetoric and disappointing Flash PMIs; particularly for the UK, Euro Stoxx 50 -0.9%.US futures are similarly subdued and the Nasdaq, -1.7%, is taking the brunt of the pressure as tech names are hit across the board, ES -1.1%ECB's Lagarde elaborated on Monday's blog post, sparking a hawkish EUR and Bund reaction, pressuring the DXY to below 102.00Cable fell by a full below 1.2500 as UK Flash PMIs posted a notable miss, lifting Gilts in tandem and bringing the Bund back into positive territoryUSTs continue to outperform on broader risk sentiment, though have been influenced incrementally by Lagarde and PMIs, with the curve somewhat mixed thus farCrude is subdued amid broader risk, but off lows as the USD pullback while Gold fails to extend after breaching the 21-DMALooking ahead, highlights include US Flash PMIs, US ISM Semi-annual Economic Forecast, Speeches from Fed's Powell, ECB's Lagarde, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks mostly declined after Snap's profit warning soured risk sentiment and weighed on US tech names.US President Biden said there is no change to the policy of strategic ambiguity regarding Taiwan.European equity futures are indicative of a weaker open with Eurostoxx 50 -0.6% after the cash market closed higher by 1.4% yesterday.DXY is marginally firmer on a 102 handle, EUR/USD stopped just shy of 1.07 and antipodeans lag in G10 FX.Looking ahead, highlights include EZ, UK & US Flash PMIs, US ISM Semi-annual Economic Forecast, Speeches from Fed's Powell, ECB's Lagarde & Villeroy, Supply from UK (I/L) & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Are we really going back to the 1980's Interest Rates? Let me explain so you understand where we're going and what to do. No, it's a different world, rates won't go up to 17%, but they will start going up to 7% and 8%. Where will they stop? No one knows.  I dive into a few different articles below. Interest rates in 2022 and interest rates in 2023 look like they will continue to climb steadily. This will affect the real estate market, but not dramatically. Real Estate in 2022 will not be in for a housing crash as of April 2022. Let's see how the market does through the rest of 2022.  Zillow actually has a great article about the real estate market in 2022.  https://www.zillow.com/research/a-change-in-the-wind-higher-mortgage-rates-inventory-rebound-could-be-first-steps-toward-a-more-balanced-market-march-2022-market-report-30970/ Fed's Powell, half-point hike in view, and they will continue to go up:  https://www.reuters.com/business/finance/feds-powell-half-point-rate-increase-table-may-meeting-2022-04-21/?utm_source=pocket_mylist How the Federal Reserve affects mortgage rates: https://www.bankrate.com/mortgages/federal-reserve-and-mortgage-rates/?utm_source=pocket_mylist Existing Home Sales Continue To Fall:  https://www.realtrends.com/existing-home-sales-continue-to-fall/?utm_source=pocket_mylist Mortgage Calculator https://www.google.com/search?q=mortgage+calculator&oq=mortgage+calculator&aqs=chrome.0.69i59j0i433i512j0i131i433i512j0i512l3j0i433j0i512l3.2971j0j4&sourceid=chrome&ie=UTF-8 #housing2022 #housingcrash #Interestrates #Realestate101 #RealEstate2022

European bourses are firmer across the board, Euro Stoxx 50 +1.7%, taking impetus from and extending on a positive APAC handover as the region's COVID situation improvesUS futures posting similar performance, ES +1.8%, ahead of Retail Sales and multiple Fed speakers including PowellEUR lifted and Bunds dented in wake of ECB's hawk-Knot mentioning a 50bp move should not be excluded if data warrants itA remark which lifted EUR/USD above 1.05, sent DXY to fresh session lows and the Bund below 153.00; USTs drifting in sympathyGBP remains the standout FX performer post labour data, though, participants await Truss' Brexit announcement to the Commons shortlyWTI and Brent are firmer in-fitting with broader risk appetite and the aforementioned China COVID improvement; posting gains of circa USD 0.60/bblLooking ahead, highlights include US Retail Sales, Industrial Production & Business Inventories, Speakers from Fed's Powell, Bullard, Harker, Mester, Evans, Kashkari & ECB's LagardeRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were positive but with gains capped after the uninspiring lead from Wall St; SPX -0.34%, NDX -1.16%.EU's Borrell said difficulties remain regarding the required unanimity on the proposed oil ban.European equity futures are indicative of a higher open with Eurostoxx 50 +0.9% after the cash market closed down 0.5% yesterday.DXY is contained on a 104 handle, JPY lags in G10 FX, AUD leads post-RBA minutes.Looking ahead, highlights include UK Unemployment, EZ GDP (2nd), US Retail Sales, Industrial Production & Business Inventories, Speakers from Fed's Powell, Bullard, Harker, Mester, Evans, Kashkari & ECB's Lagarde, Supply from UK & Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Plenty of things to make us go huh on this Monday edition of Make Me Smart. Of course, there’s the news surrounding billionaire Elon Musk, who’s very real offer to purchase Twitter was accepted by the company’s board of directors today. We’ll get to that after we talk about a dip in global oil demand following the wave of lockdowns across China as that country deals with new COVID-19 outbreaks. We’ll end the show with a couple of Make Me Smiles, including one about a small town jumping through hoops for recognition. Here’s everything we talked about on the show today: “China’s Oil Demand Is Tumbling the Most Since Wuhan Lockdown” from Bloomberg For a firsthand look at the lockdown in Shanghai, follow Marketplace’s Jennifer Pak on Instagram “​​Musk’s Boring Company to begin ‘full-scale’ hyperloop testing this year” from TechCrunch “After years of failure, Elon Musk’s Boring Company claims it will finally test a full-scale hyperloop this year” from Fortune “Fed's Powell to Hold First In-Person Press Conference of Pandemic Next Week” from Bloomberg “Welcome to Herkimer, N.Y., the (other) birthplace of basketball” from The Washington Post Have a question or comment about something you heard on the show?  Email us at makemesmart@marketplace.org or leave us a voice message at 508-827-6278 or 508-U-B-SMART.

Plenty of things to make us go huh on this Monday edition of Make Me Smart. Of course, there’s the news surrounding billionaire Elon Musk, who’s very real offer to purchase Twitter was accepted by the company’s board of directors today. We’ll get to that after we talk about a dip in global oil demand following the wave of lockdowns across China as that country deals with new COVID-19 outbreaks. We’ll end the show with a couple of Make Me Smiles, including one about a small town jumping through hoops for recognition. Here’s everything we talked about on the show today: “China’s Oil Demand Is Tumbling the Most Since Wuhan Lockdown” from Bloomberg For a firsthand look at the lockdown in Shanghai, follow Marketplace’s Jennifer Pak on Instagram “​​Musk’s Boring Company to begin ‘full-scale’ hyperloop testing this year” from TechCrunch “After years of failure, Elon Musk’s Boring Company claims it will finally test a full-scale hyperloop this year” from Fortune “Fed's Powell to Hold First In-Person Press Conference of Pandemic Next Week” from Bloomberg “Welcome to Herkimer, N.Y., the (other) birthplace of basketball” from The Washington Post Have a question or comment about something you heard on the show?  Email us at makemesmart@marketplace.org or leave us a voice message at 508-827-6278 or 508-U-B-SMART.

APAC stocks followed suit to the mixed performance on Wall St amid a lack of fresh macro drivers.Kyiv is ready to hold a special round of negotiations in Mariupol without conditions, according to Reuters.European equity futures are indicative of a slightly higher open with Eurostoxx 50 +0.3% after the cash market closed higher by 1.7% yesterday.DXY sits just below 100.50, USD/JPY is back on a 128 handle, NZD is softer post-CPI.Looking ahead, highlights include EZ CPI (Final), US IJC & Philadelphia Fed, EZ Consumer Confidence (Flash), Speeches from Fed's Powell, ECB's Lagarde, BoE's Bailey & Mann, Supply from France & Spain, Earnings from Meggitt, Nestle, American Airlines, AT&T and Phillip Morris.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses and US futures are bolstered, ES +0.8%, with currency dynamics lifting EZ bourses and after-market earnings assisting, TSLA +7%DXY is pressured amid EUR advances following ECB's de Guindos saying a July hike is possible, also sparked noted debt downsideMore broadly, FX sees some divergence ahead of multiple Central Bank speakers and after various inflation releasesWTI and Brent are firmer, but off best levels, amid multiple Ukraine-Russia and China COVID developments, with the China restrictions seemingly set to remainRussian Defence Ministry says it has captured Mariupol, while the Kremlin says talks are ongoingLooking ahead, highlights include US IJC & Philadelphia Fed, EZ Consumer Confidence (Flash), Speeches from Fed's Powell, ECB's Lagarde, BoE's Bailey & Mann. Earnings from American Airlines, AT&T and Phillip Morris.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

his episode is sponsored by Nexo.io, Arculus and FTX US.  On today's episode, NLW takes a tour of recent macro sentiment, focusing on the shifting tone coming out of the U.S. Federal Reserve. In speeches and interviews this week, Fed Chair Jerome Powell made it clear the central bank was prepared to raise rates 50 basis points at its next meeting if needed, and to do so at multiple meetings this year. While 50bps in the context of 7.9% inflation may not seem like a lot, the last time the Fed raised rates 0.5% in a single meeting was March 2000.  - Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31. - Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Consensus 2022, the industry's most influential event, is happening June 9–12 in Austin, TX. If you're looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022. - Enjoying this content?   SUBSCRIBE to the Podcast Apple:  https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=   Join the discussion: https://discord.gg/VrKRrfKCz8   Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW   ** “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Samuel Corum/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. 

Is recession the only way out of inflation? This episode is sponsored by Nexo.io, Arculus and FTX US. On today's episode, NLW takes a tour of recent macro sentiment, focusing on the shifting tone coming out of the U.S. Federal Reserve. In speeches and interviews this week, Fed Chair Jerome Powell made it clear the central bank was prepared to raise rates 50 basis points at its next meeting if needed, and to do so at multiple meetings this year. While 50bps in the context of 7.9% inflation may not seem like a lot, the last time the Fed raised rates 0.5% in a single meeting was March 2000. -Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.-Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.-FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.-Consensus 2022, the industry's most influential event, is happening June 9–12 in Austin, TX. If you're looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.-“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Samuel Corum/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Hello everyone, it's Bill Thompson – T Bill Some of the things covered on today's session include: The market's continued volatility and the underlying factors Federal Reserve Chair Jerome Powell tells Congress that the tapering of quantitative easing may be accelerating Apple looked at today as a safe haven partly due to its $63 Billion in cash Dillard's stock down almost 20% on a downgrade by UBS Securities Salesforce down almost 10% and why it might be a buying opportunity The risk of holding cash Buying in stores might be the best approach as the holidays approach Box and Ambarella surging in the after-hours market

Federal Reserve chairman Jerome Powell's words today eased wary crypto markets — Despite large companies including PayPal and Tesla working with cryptocurrency this year, the media and some bankers have given off the perception that the US central bank is sharpening its knives against crypto.The chairman's comments indicate those fears are unfounded, and provided comfort to large companies who want to make sure that they won't be accepting a soon to be outlawed payment method.Get into crypto with $10 bonus when you buy or sell $100 of Bitcoinhttps://www.gemini.com/share/Eyem0i Give your body the premium experience with space age antioxidant C60https://go.c60purplepower.com/FULCRUM10/ Learn more https://www.fulcrumnews.com/about Get our newsletter! https://www.fulcrumnews.com/subscribe 30 day podcast fundraiser! https://www.facebook.com/donate/1005614110253673/ Show community & discussion https://facebook.com/FulcrumNews https://minds.com/fulcrum_news

Dr. Clarence Lusane, author, professor, and activist, joins us to discuss Afghanistan. The withdrawal of US troops from Afghanistan and the subsequent seizure of power by the Taliban has sent a message to American vassals and collaborators worldwide. Also, it is clear that US presidents have repeatedly lied to the American people about Afghanistan and many other military engagements.Dr. Jack Rasmus, professor in economics and politics at St. Mary's College in California, joins us to discuss the economy. Federal Reserve Chairman Jerome Powell stated on Tuesday that the covid pandemic has forever altered the US economy and that we must adapt to those changes. Dr. Jack tells us whether the government's response is adequate to mitigate the pain and suffering of the American people. Nick Davies, peace activist and author of "Blood on Our Hands: The American Invasion of Iraq," joins us to discuss Ramzy Baroud's article in Mint Press News titled "Greed and Consumption: Why the World is Burning." He warns that global warming is the "outcome of a destructive pattern instigated and sustained by capitalism."Professor Peter Kuznick, author and historian, joins us to discuss Operation Cyclone. The US ran a covert war in Afghanistan long before acknowledging their actions. Did US training and support of Osama Bin Laden's Mujahideen fighters give rise to the Taliban and other Islamist organizations in the region?George Koo, journalist, social activist, international business consultant, and chemical engineer, joins us to discuss China. US Air Force leaders are arguing that they need new technology to "scare" China, but is this simply another cry for massive military expenditures to enrich the war profiteers? Also, China has stated that they are willing to work with the US on the Afghanistan issue under certain circumstances.Dan Lazare, investigative journalist and author of "America's Undeclared War," joins us to discuss the results of the fall of Kabul and how it affects US foreign policy worldwide. Some observers argue that the sight of Afghan collaborators fleeing the city and falling from departing US aircraft marks the end of the US as the unipolar world power. Ted Rall, political cartoonist and syndicated columnist, joins us to discuss propaganda. Ted reviews the propositions in a new book titled "Manufacturing Militarism: US Government Propaganda in the War on Terror'' by Christopher Coyne and Abigail Hall. The duo of writers cite example after example of the US media acting as public relations operatives for the US empire's neocon war machine.Nino Pagliccia, activist and writer, joins us to discuss Haiti and Peru. The government of Nicholas Maduro in Venezuela has shipped 30,000 kilos of non-perishable food items and medicine to the people of Haiti in the aftermath of a devastating earthquake and storm. Also, many observers fear that the US is plotting a coup attempt in Peru.

Investors were not that concerned yesterday over a strong than expected inflation report. This morning Fed's Powell said inflation to be elevated in coming months. No change to interest rate policy. And so, traders bought index futures. Will they continue to buy today? Listen to this free audio. For subscribers: The Weekly Update is due for Friday or over the weekend. Will discuss model output on oil, rates, dollar, bitcoin, gold, global & US stock markets. Will touch base on the short-term to very long-term of the US stock market. To subscribe: Critical Point Podcast $27.99 per month recurring. Billing begins two weeks from signup (a form of 2-week free trial). Cancel anytime. Primary focus on the US stock market and the major grains. Short-term to super-long-term forecasts from the business cycle model, including signals. Additional model-based opinion/signals include global stock market indexes, interest rates, dollar, bitcoin, gold, oil, the boom/bust cycle of the economy, and the cyclical climate events that can cause crop problems. Email: rich@ag-financial.com

In today's episode of compounding lifestyle, Atossa Therapeutics ( $ATOS ) Stock, $AMC, and $GME Shutting down Hedge Funds, and The Market Shrugs. Atossa Therapeutics Set to Be Included in the Russell 2000 and Russell 3000 Indexes. Atossa Therapeutics, Inc. (Nasdaq: $ATOS), a clinical-stage biopharmaceutical company seeking to discover and develop innovative medicines in areas of significant unmet medical need with a current focus on breast cancer and COVID-19, today announced it is set to be added to the Russell 2000 and Russell 3000 Indexes This milestone will take place after the 2021 Russell Indexes' annual reconstitution, effective after the U.S. market opens on June 28, 2021, according to a preliminary list of additions posted June 4, and June 14, 2021. Atossa Therapeutics Receives Approval from Swedish Regulators to Initiate Phase 2 Clinical Study of Oral Endoxifen to Reduce Mammographic Breast Density. Stocks end higher, with Nasdaq at record after testimony by Fed's Powell. Stocks ended moderately higher Tuesday, with the Nasdaq Composite finishing at a record, after Federal Reserve Chairman Jerome Powell testified before a House panel, elaborating further on the central bank's outlook for growth and inflation. The Dow Jones Industrial Average $DJIA, +0.20% rose around 69 points, or 0.2%, to close near 33,946, according to preliminary figures, while the S&P 500 $SPX, +0.51% gained around 22 points, or 0.5%, ending near 4,246. The Nasdaq Composite $COMP, +0.79% ended near 14,253, a gain of around 112 points, or 0.8%, to eclipse its previous record close at 14,174.14 set on June 14. GameStop raises about $1 bln in the latest equity offering. Videogame retailer GameStop Corp said on Tuesday it had raised about $1.13 billion in an offering of 5 million shares, cashing in on a Reddit-driven surge in its stock price this year. The company will use the net proceeds from the offering for general corporate purposes as well as for investing in growth initiatives, the company said. GameStop is trying to pivot to e-commerce and recently named a chief executive and a finance head to steer it through the transition. A hedge fund that bet against GameStop shuts down. White Square Capital, run by former Paulson & Co trader Florian Kronawitter, told investors that it would shut its main fund and return capital this month after a review of its business model. White Square suffered double-digit percentage losses in January. $ARKX $ATOS $AMC $GME $XOM $TSLA $AAL $BNGO $MARA $O $CRWD $FB $AAPL $FCEL $MGM $GOOGL $EZGO $SHOP $MTCH $DIS $PDD $ $TWTR $AMZN $EBET $PLTR $BFLY $ENZC $GM $ABNB $BUZZ $PTON $TDOC $DDD $U BTC Eth, XLM, DOGE Control the Cash balance today and position yourself accordingly. Let's GO!!!!! Research Links: www.Finviz.com www.Nasdaq.com Learn more about options: https://tinyurl.com/Compounding-Lifestyle Music-Footprints-Playglenthomas Voice Mail link, show us some love, call in to ask questions: https://anchor.fm/compounding-lifestyle/message (copy/paste the URL) Robinhood link: https://join.robinhood.com/arristw DISCLAIMER: These Podcasts are for educational purposes only. Nothing in this podcast should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial advisor before making any financial decisions. Do your research and due diligence. --- Send in a voice message: https://podcasters.spotify.com/pod/show/compounding-lifestyle/message Support this podcast: https://podcasters.spotify.com/pod/show/compounding-lifestyle/support

Week starts on a bearish note but Amazon Prime day and strong PMI data could improve the investor mood. ECB's Lagarde and Fed's Powell will likely reiterate their support to the economy, yet strong data could continue playing in favour of a stronger US dollar. Gold, copper and lumber remain under a decent selling pressure, while we question what's the matter for a broader rage of commodities should have been good for inflation hedging. US crude pushes higher after Iran elections raising difficulties for a nuclear deal. On the corporate calendar, Nike, FedEx and Blackberry are due to release earnings this week and Nike's Xinjiang headache could weigh on numbers and on forecasts.

The headlines for April 12 2021 Chinese Covid-19 vaccine efficacy is 'not high,' top health official admits - CNN ( https://www.cnn.com/2021/04/12/china/china-vaccine-efficacy-intl-hnk/index.html ) Iran accuses Israel of attack on Natanz nuclear site - The Washington Post ( https://www.washingtonpost.com/world/middle_east/natanz-nuclear-israel-iran-cyber-attack/2021/04/12/f97f1a60-9b51-11eb-b2f5-7d2f0182750d_story.html ) Matt Gaetz is denied a meeting with Donald Trump - CNNPolitics ( https://www.cnn.com/2021/04/11/politics/matt-gaetz-donald-trump-denied-meeting/index.html ) Fed's Powell says reopening economy too quickly could cause new coronavirus spike - The Washington Post ( https://www.washingtonpost.com/us-policy/2021/04/11/fed-powell-60-minutes-economy/ ) Caltech Uses Existing Underwater Cables to Detect Earthquakes and Tsunamis Ahead of Time (goodnewsnetwork.org) ( https://www.goodnewsnetwork.org/caltech-uses-existing-underwater-cables-to-detect-earthquakes/ )

Fed chairman Jerome Powell offered some comments on the crypto market today. Which of course were rather interesting, and to find out what he said, click to listen now!

Fed's Powell says cryptos not ‘useful stores of value' Fed chairman Jerome Powell offered some comments on the crypto market today. Which of course were rather interesting, and to find out what he said, click to watch the video now! - To find out more about Kuya Silver go to: https://reynasilver.com/ - To get your audiobook copy of #TheBigSilverShort go to: https://arcadiaeconomics.com/thebigsilvershortaudio/ To get the paperback version of “The Big Silver Short” go to: https://www.amazon.com/gp/product/B08BFL34T9/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0 - To support the petition to ban #JPMorgan from trading in the #gold and silver #markets go to: https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver - To buy physical silver and get the best price in the country email: Arcadia@MilesFranklin.com Or call: 833-326-GOLD (4653) (you can also ask about their gold for silver swap program) - To buy or sell gold, #silver, #platinum, or #palladium through our #preciousmetals sponsor #MilesFranklin (who's offered to match or beat any price in the country) email: Arcadia@MilesFranklin.com Or call: 833-326-GOLD (4653) (you can also ask about their gold for silver swap program) - Click here to subscribe to Arcadia's Youtube channel: http://bit.ly/2t1HKOj - To support the show go to: https://arcadiaeconomics.com/supporttheshow/ -https://www.youtube.com/watch?v=hOdnC87boxQ&t=2s Follow Arcadia Economics on Twitter: https://twitter.com/ArcadiaEconomic - For Arcadia's precious metals trading and option consulting, email: consulting@arcadiaeconomics.comSubscribe to Arcadia Economics on Soundwise

Cable is likely to trade between 1.3000 and 1.3250 in the next weeks, noted FX Strategists at UOB Group. GBP/USD awaits fresh clues while taking rounds to the weekly low, off intraday bottom recently. Coronavirus cases in the UK, the US refresh record high, British economy losses more momentum in September. Brexit signals keep being mixed, UK's finance ministry can extend tax break to manufacturers. Downbeat statements from Fed's Powell, RBNZ's Orr emphasize Bailey speech. EUR/USD challenges 3-day peaks in the 1.1820/30 band. The dollar keeps correcting lower and supports the pair's upside. EMU's flash Q3 GDP, Balance of Trade figures next of note in the docket. The dollar edged marginally lower in early European trade Friday, but the continuing rise of new Covid-19 cases throughout Europe and the U.S. is making traders nervous of buying riskier currencies despite the positive news of a potential vaccine. The dollar index was down 0.1% at 92.898. GBP/USD rose 0.3% to 1.3155, USD/JPY fell 0.1% to 105.00, while the risk sensitive AUD/USD rose 0.1% to 0.7233.

GBP/USD defies the previous day's pullback from yearly high of 1.3284, stays bid near intraday top. Brexit woes, surge in virus cases at home mostly ignored as US dollar trims Thursday's gains. BOE's Bailey to be the second key central banker at Jackson Hole after Fed's Powell played well. EUR/USD is still expected to navigate within the 1.1740-1.1930 range for the time being. Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.4% at 92.653.