POF:
🟢Core Retail Sales (MoM) (Mar) 16.30
Export Price Index (MoM) (Mar)
Import Price Index (MoM) (Mar) 16.30
Retail Sales (MoM) (Mar) 16.30
🆘Bank Earnings
FED Balance Sheet
Reserve Balances FRB
US10YT 3.447
DXY 100.600 ⏰
USDJPY 132.500
USDCNY 6.8456
US F +++ SYN
USD S 61
JPY 2 40
AUD S 20
A gauge of global stocks headed for its highest close in 10 weeks on speculation the Federal Reserve and other central banks are nearing the end of their hiking cycles. The dollar extended declines. Impact: USD - XAUUSD +
Investors will remain wary of any indication that the regional banking turmoil has translated into materially tighter lending standards throughout the system. As US banks kick off the earnings season later on Friday, “even confirmation that lenders are taking a more conservative approach will offer no ‘obvious’ market implications in light of the fact 10-year yields are already trading in a sub-3.50% range.
🆘China’s largest banks are planning at least 40 billion yuan ($5.9 billion) of bond sales, kicking off a major funding push to comply with global capital requirements by early 2025.
Regional banks across the US reported a surge in lending to a group of well-connected people: their own directors, officers and major shareholders. WHY? 🟢
None of the lenders or their officers, directors or major shareholders has been accused of wrongdoing. The banks have said they extended credit on similar terms to insiders as they did to other clients. And lending, more broadly, at regional banks was up during the period. Some of the reported increase in insider loans was new borrowing, while some was the result of changes on boards, in executive suites and among top shareholders.
Such financing has featured in a number of decades-old financial scandals. Loans to officers, directors and major shareholders now require public disclosures and are regularly scrutinized as part of the Fed’s ongoing supervision of banks.
In general, loans to insiders tend to represent a small share of the overall credit that regional banks extend to customers. But regulators have long focused on the transactions because of their potential for abuse.
In the savings-and-loan crisis, more than 1,000 small and midsize lenders failed, and the government spent years scrutinizing the role that abuse and fraud by owners and executives played in encouraging risky lending practices. Taxpayers wound up on the hook for as much as $124 billion to resolve the industry’s troubled firms.
XAUUSD: A PULLBACK on the cards before a rise.
Earlier this week, the US Consumer Price Index data showed an annual increase in the inflation rate by 5.0%, while the month-on-month CPI rise was 0.1% in March. The all-items index increased 5.0% for the 12 months ending March, registering the smallest 12-month increase since the period ending May 2021. In the face of softening inflation in the United States, markets are now convinced that the Fed could pause its tightening cycle in June and deliver rate cuts before the end of the year.
The 5-year Consumer Inflation Expectations will be reported and could likely have a strong bearing on the Fed expectations.
The US Retail Sales are seen falling by 0.4% in March on a monthly basis while the Core Retail Sales are seen lower by 0.3% MoM in the reported period. The University of Michigan's Preliminary Consumer Sentiment data is expected to hold steady at 62.0 in April.
Implement range based trading: $2069/2009 crucial.🆘
CMP $2038.00 🟢
🟢Core Retail Sales (MoM) (Mar) 16.30
Export Price Index (MoM) (Mar)
Import Price Index (MoM) (Mar) 16.30
Retail Sales (MoM) (Mar) 16.30
🆘Bank Earnings
FED Balance Sheet
Reserve Balances FRB
US10YT 3.447
DXY 100.600 ⏰
USDJPY 132.500
USDCNY 6.8456
US F +++ SYN
USD S 61
JPY 2 40
AUD S 20
A gauge of global stocks headed for its highest close in 10 weeks on speculation the Federal Reserve and other central banks are nearing the end of their hiking cycles. The dollar extended declines. Impact: USD - XAUUSD +
Investors will remain wary of any indication that the regional banking turmoil has translated into materially tighter lending standards throughout the system. As US banks kick off the earnings season later on Friday, “even confirmation that lenders are taking a more conservative approach will offer no ‘obvious’ market implications in light of the fact 10-year yields are already trading in a sub-3.50% range.
🆘China’s largest banks are planning at least 40 billion yuan ($5.9 billion) of bond sales, kicking off a major funding push to comply with global capital requirements by early 2025.
Regional banks across the US reported a surge in lending to a group of well-connected people: their own directors, officers and major shareholders. WHY? 🟢
None of the lenders or their officers, directors or major shareholders has been accused of wrongdoing. The banks have said they extended credit on similar terms to insiders as they did to other clients. And lending, more broadly, at regional banks was up during the period. Some of the reported increase in insider loans was new borrowing, while some was the result of changes on boards, in executive suites and among top shareholders.
Such financing has featured in a number of decades-old financial scandals. Loans to officers, directors and major shareholders now require public disclosures and are regularly scrutinized as part of the Fed’s ongoing supervision of banks.
In general, loans to insiders tend to represent a small share of the overall credit that regional banks extend to customers. But regulators have long focused on the transactions because of their potential for abuse.
In the savings-and-loan crisis, more than 1,000 small and midsize lenders failed, and the government spent years scrutinizing the role that abuse and fraud by owners and executives played in encouraging risky lending practices. Taxpayers wound up on the hook for as much as $124 billion to resolve the industry’s troubled firms.
XAUUSD: A PULLBACK on the cards before a rise.
Earlier this week, the US Consumer Price Index data showed an annual increase in the inflation rate by 5.0%, while the month-on-month CPI rise was 0.1% in March. The all-items index increased 5.0% for the 12 months ending March, registering the smallest 12-month increase since the period ending May 2021. In the face of softening inflation in the United States, markets are now convinced that the Fed could pause its tightening cycle in June and deliver rate cuts before the end of the year.
The 5-year Consumer Inflation Expectations will be reported and could likely have a strong bearing on the Fed expectations.
The US Retail Sales are seen falling by 0.4% in March on a monthly basis while the Core Retail Sales are seen lower by 0.3% MoM in the reported period. The University of Michigan's Preliminary Consumer Sentiment data is expected to hold steady at 62.0 in April.
Implement range based trading: $2069/2009 crucial.🆘
CMP $2038.00 🟢
