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US April prelim U Mich consumer sentiment 86.5 vs 89.0 expected

Fri, Apr 16, 2021 2:00 PM

The first look at April consumer sentiment This still has a long ways to go to get back to pre-pandemic levels. One year inflation expectations are at the highest since 2012.

S&P 500 hits another record at the open

Fri, Apr 16, 2021 1:33 PM

Records in US stocks again The S&P 500 and Dow are both at record highs at the open. The S&P 500 is up another 12 points to 4181, which is the 8th time it's hit a record this month.

China's Sinovac real-world vaccine test data leaves a bit to be desired

Fri, Apr 16, 2021 1:22 PM

Data from Chile Chile is reporting the real-world results of its Sinovac vaccine use. The country is among the leaders in vaccine distribution because of its deal to import the Chinese vaccine.

Non-trend transitions to trend. Give me 9 or so minutes and I will change your trading mindset in this video

Fri, Apr 16, 2021 1:16 PM

Looking for the break instead of being mesmerized by the non-trend When I was cutting my teeth in trading, I used to get mesmerized by non-trending markets. The ups and downs can lull you to sleep. You can get used to buying low and selling high if you latch onto the idea early enough (or get

US drops Switzerland and Vietnam from FX manipulator designation status

Fri, Apr 16, 2021 1:01 PM

That's a reversal from the prior report The semi-annual report is out from the Treasury Dept. Switzerland was named a currency manipulator in Mnuchin's final report, which was released in December and was a bit of a hand-grenade thrown to the new administration.

USD/CAD dips back below 1.25 as Canadian dollar plays catch-up

Fri, Apr 16, 2021 12:59 PM

The loonie lagged yesterday Yesterday's underperformance in the loonie (it was the worst G10 performer) was a bit of a head-scratcher given higher commodity prices and records in equities.

US March housing starts 1739K vs 1613K expected

Fri, Apr 16, 2021 12:30 PM

US housing starts for March 2021: Sales were depressed in February by cold weather so a big rebound was expected but it was even stronger than anticipated as the housing market continues to heat up.

Canada February wholesale trade sales -0.7% m/m vs -0.4% expected

Fri, Apr 16, 2021 12:30 PM

February Canada wholesale sales: Sales were lower in four of the seven subsectors, led by building material and supplies, and motor vehicle and motor vehicle parts and accessories.

ForexLive European FX news wrap: Gearing up for another 'buy everything' kind of day?

Fri, Apr 16, 2021 12:01 PM

Forex news from the European trading session - 16 April 2021 Headlines: Markets: - CHF leads, NZD lags on the day - European equities higher; S&P 500 futures up 0.1%

US futures pull a little higher ahead of North American trading

Fri, Apr 16, 2021 10:16 AM

Tough to pin down equities this week S&P 500 futures and Dow futures have turned positive in the past half-hour or so while Nasdaq futures have trimmed declines to around 0.1% now.

China Banking and Insurance Regulatory Commission defends Huarong's financial status

Fri, Apr 16, 2021 9:24 AM

The CBIRC says that Huarong's operations are normal and liquidity is ample If you're wondering what the deal on Huarong is, you can check out my post yesterday . As mentioned then, Chinese authorities are surely not going to let Huarong default/collapse considering its stature, and the latest statement above reaffirms that.

Eurozone February trade balance €18.4 billion vs €22.0 billion expected

Fri, Apr 16, 2021 9:04 AM

Latest data released by Eurostat - 16 April 2021

Eurozone March final CPI +1.3% vs +1.3% y/y prelim

Fri, Apr 16, 2021 9:03 AM

Latest data released by Eurostat - 16 April 2021 The preliminary report can be found . No change to initial estimates as the headline reaffirms a jump, largely due to base effect adjustments. The core reading is seen weaker than February so that does little to convince of sustained upwards price pressures for now.

A Goldilocks scenario for equities?

Fri, Apr 16, 2021 9:01 AM

It seems like things are just right for equities to stay ripe US futures may be a touch lower on the day but it comes hot on the heels of solid gains yesterday with record closes for the S&P 500 and Dow - the latter even breaking another milestone, breaching the 34,000 level.

Slow start for European equities to open up the session

Fri, Apr 16, 2021 7:07 AM

Little change in Europe as bond yields keep steadier Meanwhile, 10-year Treasury yields are seen steadier at 1.58% currently. Well, the slower start has now turned into a positive one in the opening half-hour. The DAX is up 0.4% while the UK FTSE is up 0.5% currently.

Switzerland March producer and import prices +0.6% vs 0.0% m/m prior

Fri, Apr 16, 2021 6:30 AM

Latest data released by the Federal Statistics Office - 16 April 2021 Overall, nothing to change the existing stance of SNB policy in the big picture.

Nikkei 225 closes higher by 0.14% at 29,683.37

Fri, Apr 16, 2021 6:04 AM

Asian equities climb towards the end of the week China's record GDP data Both the Hang Seng and Shanghai Composite indices are up 0.9% currently. Elsewhere, US futures are pulling back a little after the gains yesterday amid some stabilisation in Treasury yields. S&P 500 futures are seen down 0.1%.

Trade ideas thread - European session 16 April 2021

Fri, Apr 16, 2021 5:49 AM

Daily thread to exchange ideas and to share your thoughts That is helping to see the dollar hold steadier, though ranges among major currencies are relatively narrow as we get things going in Europe.

Treasury rally cools going into European morning trade

Fri, Apr 16, 2021 5:31 AM

10-year yields hold steady at 1.58% after the drop yesterday 10-year yields broke below the soft bottom around 1.60% and is seen holding around 1.58% after having hit a low of 1.53% in US trading overnight.

Economic data coming up in the European session

Fri, Apr 16, 2021 5:05 AM

Eurozone final CPI figures for March on the agenda today The Treasury rally is cooling off so far on the day and that is seeing a mild pullback in the market after yesterday's price action.

Germany reports 25,831 new coronavirus cases, 247 deaths in latest update today

Fri, Apr 16, 2021 4:21 AM

The 7-day incidence rate is seen at 160.1 The only positive is that the daily case count isn't breaching 30,000 yet as the 7-day incidence rate keeps at the highs last seen since January.

Pfizer and Japan set to agree a vaccine supply deal

Fri, Apr 16, 2021 3:53 AM

Japanese PM Suga spoke with Pfizer and media report now the firm is to supply vaccine ... deal set to be concluded

ForexLive Asia FX news wrap: USD up

Fri, Apr 16, 2021 2:59 AM

Forex news for Asia trading for Friday 16 April 2021 Morning trade in Asia has been characterised by a stronger USD across the major FX board. The move was not driven by news nor data (although we had a reasonable flow of both) but a combination of position trimming ahead of the big data release from China (more to come on this below)

Hedge fund titan Einhorn (try the pastrami) & the $100m deli business (with one store)

Fri, Apr 16, 2021 2:17 AM

Hometown International stock is trading at levels that give it a valuation of more than $100 million. The company's shop, the Hometown Deli, did just $35,000 in sales - combined - over the past two years, a financial filing says. on the business after David Einhorn of Greenlight Capital, writing in his quarterly letter to shareholders,

China March Industrial production +14.1% y/y (expected +18%) + retails sales & investment data

Fri, Apr 16, 2021 2:00 AM

China 'activity' data for March 2021 Retail sales with the beat is indicative of a recovery in domestic consumption. Good news for China which, as is so often the case, has been leaning on exports and the property market to keep the fire in the economy.