Overnight – Australian Employment sector disappointed (higher unemployment and low employment change). Japanese imports declined for the first time in more than two years in April. Global chipmakers signal plans to expand in Japan.
- FX – USDIndex spiked to 102.93. EUR down to 1.0892. JPY breached 137.74. Sterling pull back to 1.2450. AUD weakened dragging down NZD.
- Stocks – JPN225 broke 30000 and breached 30660. The US30 was 1.24% higher, the US500 advanced 1.19% and the US100 surged 1.28%. #Western Alliance’s shares gained 10%, a move mirrored in a 7.3% gain for the KBW Nasdaq Regional Banking Index, its largest percentage increase since 2021. #Target shares climbed too, gaining 2.6%, after the retailer beat analysts’ first-quarter profit expectations. #Tesla jumped 4%, #Amazon was up 1.5% and #Alibaba rallied by 2.16%.
- Commodities – USOil – has nudged up to $73.61 per barrel, Brent added 2.7%.
- Gold has extended yesterday’s losses to 1974.98.
Today – BOE Governor Andrew Bailey, BOC Governor Macklem & ECB President Lagarde speeches, US jobless claims and Philly Index on tap while Swiss financial markets are closed.
Biggest FX Mover @ (06:30 GMT) GBPNZD (+0.35%). Dipped to S1 at 1.9896. MAs aligned lower, MACD and RSI are negatively configured. H1 ATR 0.00299, Daily ATR 0.01568.
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Andria Pichidi
Market Analyst
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