The U.S. economy is looking very good, in my opinion, even better than anticipated; WELL STATEMENT LIKE THIS WILL PUT THE FED ON THE TOES FOR RATE HIKE. The U.S. economy is looking very good, in my opinion, even better than anticipated. Companies are pouring back into our country, reversing the long term trend of leaving. The unemployment numbers are looking great, and Regulations & Taxes have been massively Cut! JOBS, JOBS, JOBS – Trump.
Asia stocks dip, dollar recovery continues as yields rise – TOKYO (Reuters) – Stock markets dipped after a long winning run on Wall Street ended overnight, while the dollar gained momentum on Wednesday as yields on U.S. Treasury debt headed for highs not seen in four years. Read More @ https://www.reuters.com/article/us-global-markets/asia-stocks-dip-dollar-recovery-continues-as-yields-rise-idUSKCN1G502Q?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29
Australia’s wages data beats — but there’s still a big problem with most people’s pay –
- Australia’s wage price index data for the quarter is out, and it’s slightly stronger than the market expectation. Most of the increase was due to increases in pay for government employees — mainly in the health industry — while private sector pay, which accounts for the majority of workers, remained weak at just over 1.9%. Private sector pay remains in line with inflation so the pressure on households the RBA has been worried about remains entrenched. Read More @ https://www.businessinsider.com.au/australia-wage-price-index-rba-implications-interest-rates-2018-2
UK – MARK CARNEY CONCERNS – Potential upside risks to Wednesday’s UK wage growth data could see markets think more carefully about a May rate hike;
- The jobs market is extremely tight
- Raising pay to match the cost of living
- A slowing jobs market?
- A low starting point
- Uncertainty and sluggish demand
Wage growth data is very much in vogue at the moment. An unexpected surge in US hourly earnings growth has been widely cited as being at least partly to blame for the recent market turmoil. And with the Bank of England increasingly pinning the chances of further rate hikes on accelerating pay growth (alongside Brexit progress), markets will also be watching Wednesday’s UK jobs report closely. Read More @ https://think.ing.com/articles/our-guide-to-wednesdays-crucial-uk-jobs-report/
NEWS THAT WILL AFFECT YOUR TRADE TODAY.
- 4.00pm – 5.00pm – EUR will release PMI – German, France and EUR – we are expecting the data to be good but the market will consolidate before the FOMC minutes early tomorrow morning. We stay BUY after the FOMC.
- 5.30pm – expect some good volatility for GBP – we maintain BUY for GBP pairs as Mark Carney (BOE) remains hawkish. Average earnings focus.
- 10.15pm – UK inflation report is critical for BOE TO DECIDE on the rate next month. UK is in a good shape.
- 3.00am (Thursday) – be ready for volatility – FOMC should release some good news on the rate hike – USD already priced in the last few days – if there are any upward movement – we believe it will be contained at $90 USD INDEX. We maintain short for USD. (BE CAUTIOUS H&S)
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