Watch today’s US Open for commentary on the strong quarterly results by tech heavyweights, the persistent fears over the health of the financial system, the latest GDP figures from the US and more

FXCM’s CHN50 basket may be charting a top, with a potential head and shoulders pattern. This pattern is a reversal pattern, suggesting a reversal to the downside. We are watching the neckline – a break below will signal the pattern’s completion and will be bearish.

Watch today’s US Open for commentary on the upcoming Big Tech earnings, the renewed banking jitters, the latest ECB-speak and more

The regional US bank came under pressure after the failure of Silicon Valley Bank in March and is latest earnings report revealed a 40% slump in deposits during the first quarter

UK headline CPI came in above 10%; forecasts were for a single digit print. EUR CPI also suggest sticky elements to inflation. ECB and Fed official’s commentary were hawkish in nature. The job market is still tight but initial unemployment claims have started to tick up. Markets will be looking at US GDP and core PCE for direction. This week includes Government Ueda’s first BoJ meeting and it is a…

The latest data shows that the LEI declined by 1.2% in March to 108.4. This follows a decline of 0.5% in February. From September 2022 to March 2023, the LEI was down 4.5%, which is steeper than the 3.5% decline for the previous six months.

Watch today’s US Open for commentary on the quarterly results by Netflix and Tesla, the higher than expected UK inflation, its deceleration in New Zealand and more

Watch today’s US Open for commentary on the strong economic data from China, the elevated wage figures from the UK, the upcoming earnings from Netflix and Tesla and more

Last week’s FOMC minutes indicate a small recession near year end. Headline CPI declined but core inched up slightly. University of Michigan Inflation Expectations came in higher than previous. China’s GDP beat forecast and UK inflation expected to decrease into single digits. Other regions reporting CPI include Canada, EU, and Japan. Friday sees flash PMIs reported. Banks kicked off Q1 earnings last week with Netflix and Tesla to release this…

The Chinese GDP grew by 4.5% y/y in the first quarter, which along with other upbeat data today, show that the economic recovery maintains its momentum

In March, retail sales decreased by 1%, surpassing economists' predictions for a 0.4% decline. This suggests that consumers are feeling the impact of a more challenging economic climate. There was a decline in purchases of big-ticket items such as motor vehicles. This suggests that higher interest rates are causing the economy to lose momentum at the end of the first quarter. The previous month's data was revised, indicating that retail…