Two trades to watch: USD/CAD, GBP/USD
USD/CAD looks to US & Canadian jobs data. GBP/USD rally continues ahead of the NFP.
US open: Stocks rise and USD drops as core PCE cools
US stocks are rising, building on yesterday's strong gains after core PCE eased to 5% YoY, down from 5.2%.
Two trades to watch: DAX, USD/JPY
DAX rallies post-Federal Reserve Chair Jerome Powell's speech. USD/JPY falls to a 3-month low ahead of core-PCE.
US open: Stocks edge higher in cautious trade ahead of Fed Chair Powell
Stocks are moving modestly higher after a mixed bag of data and ahead of a speech by Federal Reserve chair Jerome Powell.
Two trades to watch: EUR/GBP, Gold
EUR/GBP rises ahead of eurozone inflation. Gold rises ahead of US data & Powell’s speech.
US open: Stocks rise on China hope
Stocks are set to open modestly higher as the market mood improves. Beijing pledging to increase vaccinations is a first step to removing zero-Covid restrictions.
US open: Stocks fall as China COVID concerns intensify
China COVID cases rise, lockdowns ramp up and civil disruptions increase amid signs of frustration.
Two trades to watch: Oil, AUD/USD
Oil tumbles to a 2022 low. AUD/USD falls on China fallout, retail sales miss.
Baltic Dry Index: A lead indicator for growth and inflation?
The Baltic Dry Index could provide a glimpse into future growth and inflation expectations.