wearehaawks
Haawks
Haawks Greedy 4 Alpha (G4A) | fastest economic and commodity data feed for forex, oil and grains traders | hundreds of pips profit every month
751 posts
Don't wanna be here? Send us removal request.
Last Seen Blogs
theonlyparadox
This City's Made Us Crazy and We Must Get Out - M5
gymforgirl
Untitled
ask-oven
Ask Oven
cipher-club
This is not heaven
magickodes
magickodes
Text
18 pips potential profit in 8 seconds on 25 April 2024, analysis on futures forex fx low latency news trading USDJPY and EURUSD on US Gross Domestic Product (GDP)
According to our analysis USDJPY and EURUSD moved 18 pips on US Gross Domestic Product (GDP) data on 25 April 2024.
USDJPY (10 pips)
EURUSD (8 pips)
Charts are exported from JForex (Dukascopy).
Understanding the First Quarter GDP Growth of 2024
The U.S. economy started 2024 with a more moderate growth pace, as the Bureau of Economic Analysis (BEA) released its advance estimate showing a 1.6% annual growth rate in real Gross Domestic Product (GDP) for the first quarter. This figure marks a slowdown from the 3.4% growth recorded in the fourth quarter of 2023, hinting at a mixed economic landscape as the year unfolds.
Key Drivers of Growth
The modest growth in GDP this quarter was primarily driven by increased consumer spending, especially on services like healthcare and financial services. This was supplemented by gains in residential fixed investment and nonresidential fixed investment, as well as heightened activity in state and local government spending. However, these positive contributions were somewhat offset by a decline in private inventory investment and an increase in imports, which act as a subtraction in the calculation of GDP.
Among the standout sectors, the report highlighted a notable increase in intellectual property products and a surge in compensation for state and local government employees. On the downside, the automotive and energy sectors experienced declines, pulling the goods segment down despite the broader gains in services.
Economic Deceleration Points
The deceleration in GDP growth from the previous quarter can be attributed to slower consumer spending, a dip in federal government spending, and a decrease in exports. Although residential fixed investment showed acceleration, it wasn't enough to fully counterbalance the slowdowns elsewhere.
Inflation and Income Trends
Inflation indicators from the first quarter reveal a continued pressure on prices, with the price index for gross domestic purchases rising to 3.1% from 1.9% in the prior quarter. Similarly, the Personal Consumption Expenditures (PCE) price index climbed to 3.4%, up from 1.8%. These figures suggest an uptick in inflationary pressures, potentially influencing future monetary policy decisions.
On the income front, current-dollar personal income saw a substantial increase of $407.1 billion, a significant rise compared to the $230.2 billion increase in the previous quarter. This boost in personal income was largely fueled by rises in compensation and personal current transfer receipts. However, the personal saving rate dipped to 3.6% from 4.0%, indicating that despite higher incomes, savings were lower—perhaps a reflection of increased consumer confidence or rising costs.
Looking Ahead
While the first quarter GDP report shows growth, the mix of accelerating and decelerating factors across different sectors paints a complex picture of the U.S. economy. The forthcoming "second" GDP estimate due on May 30, 2024, will provide a clearer view as it will include more complete data.
Investors, policymakers, and analysts will be watching closely to see if these trends hold, particularly with regard to inflation and how it might shape responses from the Federal Reserve. Meanwhile, individuals will feel the impact of these economic shifts in their daily lives, from employment prospects to purchasing power.
In summary, the first quarter of 2024 has set the stage for a year that could be marked by careful balancing acts in economic policy and personal finance management, amidst a landscape of gradual growth and shifting investment dynamics.
Source: https://www.bea.gov/news/2024/gross-domestic-product-first-quarter-2024-advance-estimate
Start futures forex fx news trading with Haawks G4A low latency machine-readable data, one of the fastest machine-readable news trading feeds for macro-economic and commodity data from the US and Europe.
Please let us know your feedback. If you are interested in timestamps, please send us an email to [email protected].
0 notes
Text
13 pips potential profit in 90 seconds on 24 April 2024, analysis on futures forex fx news trading USDCAD on Canada Retail Sales data
According to our analysis USDCAD moved 13 pips on Canada Retail Sales data on 24 April 2024.
USDCAD (13 pips)
Charts are exported from JForex (Dukascopy).
Canadian Retail Sales Slightly Dip in February 2024
In February 2024, Canadian retail sales experienced a marginal decline, edging down 0.1% to $66.7 billion. This subtle decrease reflects a challenging month for several key subsectors, according to the latest data from Statistics Canada.
Subsector Performance
The decrease in retail sales was primarily led by a 2.2% drop at gasoline stations and fuel vendors. This sector also saw a significant reduction in volume terms, with sales decreasing by 3.9%. Despite the overall dip, not all areas experienced declines. The motor vehicle and parts dealers subsector, for example, saw an increase of 0.5%. Within this group, other motor vehicle dealers reported a robust growth of 5.1%, with new car dealers also up by 0.3%.
Core Retail Sales Hold Steady
Interestingly, when excluding gasoline stations and fuel vendors as well as motor vehicle and parts dealers, core retail sales remained unchanged from January. This stability is noteworthy, considering the fluctuations seen in specific subsectors. General merchandise retailers reported a rise of 1.1%, while health and personal care stores saw a smaller increase of 0.4%.
However, these gains were offset by decreases in other areas, including a 1.5% fall in sales at furniture, home furnishings, electronics, and appliance retailers. Clothing and related products retailers also faced challenges, with sales decreasing by 1.0%.
Regional Insights
Provincially, sales trends varied. Alberta witnessed the largest decline with a 1.1% decrease, primarily driven by lower sales at motor vehicle and parts dealers. In contrast, British Columbia recorded the largest increase, with sales rising by 1.2%, led by the same subsector.
In Ontario, a modest decrease of 0.2% was observed, with lower sales at gasoline stations and fuel vendors contributing to this trend. The Toronto metropolitan area experienced a more pronounced decrease of 2.3%.
E-commerce Continues to Grow
Retail e-commerce sales presented a brighter spot in February's retail landscape. On a seasonally adjusted basis, e-commerce sales climbed 1.9% to $3.8 billion, now representing 5.7% of total retail trade. This marks a slight increase from the 5.6% share observed in January, suggesting a continued shift towards online shopping among Canadian consumers.
Looking Ahead
Providing a glimpse into the future, Statistics Canada's advance retail indicator suggests that retail sales remained stable in March. This estimate, based on responses from 61.9% of companies surveyed, will be revised as more data becomes available. However, it offers a preliminary sign that the retail sector might be steadying after a fluctuating start to the year.
In conclusion, while the overall decrease in retail sales for February was slight, the varied performance across different sectors and regions highlights the ongoing challenges and opportunities within the Canadian retail landscape. As businesses continue to adapt to shifting consumer preferences and economic conditions, the coming months will be critical in shaping the trajectory of the retail sector in 2024.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/240424/dq240424a-eng.htm
Start futures forex fx news trading with Haawks G4A low latency machine-readable data today, one of the fastest news data feeds for US macro-economic and commodity data.
Please let us know your feedback. If you are interested in timestamps, please send us an email to [email protected].
0 notes
Text
67 pips potential profit in 89 seconds on 24 April 2024, analysis on futures forex fx news trading EURSEK first on Sweden Labour Force (LFS) data
According to our analysis EURSEK moved 67 pips on Sweden Labour Force Survey (LFS) data on 24 April 2024.
EURSEK (67 pips)
Charts are exported from JForex (Dukascopy).
Unpacking the March 2024 Labour Force Survey: A Detailed Analysis of Sweden's Employment Landscape
In March 2024, Sweden's labour market faced some challenging shifts, as indicated by the latest data from Statistics Sweden. The figures paint a nuanced picture of the employment sector, marked notably by an increase in unemployment rates, particularly among women and young people. Here, we delve into the key insights from the March 2024 Labour Force Surveys (LFS) to understand the implications and trends shaping Sweden's workforce.
Rising Unemployment Rates
The latest data reveals a concerning uptick in the number of unemployed people, increasing by 86,000 to a total of 525,000. This jump has pushed the unemployment rate to 9.2%, a significant rise of 1.5 percentage points. Notably, the impact has been more pronounced among specific demographics, including women and the youth, where unemployment rates have surged even higher. The figures reflect broader economic pressures and potential shifts in industry demands.
Employment and Labour Force Participation
Despite the rise in unemployment, the total number of people employed stands at 5,188,000. However, when dissected further, the data shows disparities in employment rates between genders. Men have a higher employment rate of 70.8%, compared to 65.8% for women. The overall labour force participation has seen a slight improvement, with a 0.1 percentage point increase to 75.4%, suggesting a larger number of individuals are either employed or actively seeking work.
Trends in Permanent and Temporary Employment
The composition of the workforce has also seen shifts, particularly in the types of employment people are engaging in. There has been a noticeable decrease in temporary employment, dropping by 74,000 from the previous year, which could indicate a move towards more stable employment conditions or perhaps a cut in temporary job offerings. The number of permanent employees slightly increased, suggesting a potential stabilization in job security for many.
Youth Unemployment: A Growing Concern
One of the more alarming trends from the report is the sharp increase in youth unemployment. The rate for individuals aged 15-24 has escalated to 29.6%, an increase of 5.0 percentage points. This spike could be indicative of difficulties facing young entrants into the job market, possibly driven by a lack of suitable job opportunities or the competitive nature of entry-level positions.
Unused Labour Supply
Another critical aspect highlighted in the report is the unused labour supply, which averaged 24.6 million hours per week. This figure represents potential productivity that is not being utilized in the economy, equivalent to 615,000 full-time positions. This underutilization could suggest mismatches in the job market where the skills of the labour force are not aligning with the demands of available jobs.
Looking Ahead
The March 2024 LFS data gives us important insights into the current state and challenges of the Swedish labour market. It's evident that certain groups are facing more significant hurdles, with increases in unemployment rates particularly impacting women and young people. As we look to the future, these trends highlight the need for targeted policy interventions and support programs to help those most affected and to bridge the gap in unused labour potential.
For policymakers, understanding these dynamics is crucial to devising effective strategies to foster a more resilient and inclusive job market. For businesses, the shifting landscape presents both challenges in workforce planning and opportunities to innovate in how they recruit, train, and retain talent.
As we continue to navigate these turbulent times, staying informed and adaptive will be key to overcoming the challenges presented by the evolving employment landscape in Sweden.
Source: https://www.scb.se/en/finding-statistics/statistics-by-subject-area/labour-market/labour-force-surveys/labour-force-surveys-lfs/pong/statistical-news/labour-force-surveys-lfs-march-2024/
Start futures forex fx news trading with Haawks G4A low latency machine-readable data today, one of the fastest news data feed for macro-economic and commodity data from the US and Europe.
Please let us know your feedback. If you are interested in timestamps, please send us an email to [email protected].
0 notes
Text
20 pips potential profit in 100 seconds on 18 April 2024, analysis on futures forex fx low latency news trading USDJPY and EURUSD on US Philadelphia Fed Manufacturing data
According to our analysis USDJPY and EURUSD moved 20 pips on US Philadelphia Federal Reserve Bank Manufacturing Business Outlook Survey data on 18 April 2024.
USDJPY (10 pips)
EURUSD (10 pips)
Charts are exported from JForex (Dukascopy).
Analyzing the April 2024 Manufacturing Business Outlook Survey: Key Insights and Implications
The April 2024 Manufacturing Business Outlook Survey provides valuable insights into the current state and future expectations of regional manufacturing activity. Collected from April 8 to April 15, the responses offer a comprehensive overview of various economic indicators and their potential impacts on the sector.
Current Manufacturing Trends
In April, the survey highlights a continued expansion in manufacturing activity. Notably, the diffusion index for current general activity increased by 12 points to 15.5, marking its highest level since April 2022. This rise reflects improved sentiments among manufacturers, with approximately 38% of firms reporting increases in general activity. This positivity is further supported by gains in new orders and shipments, suggesting a robust demand and operational uptick.
Despite these positive signs, the employment index remained in the negative territory at -10.7, continuing a trend observed over the past 14 months. The decline indicates ongoing challenges in the labor market within manufacturing, with firms reporting a higher rate of employment decreases compared to increases. This aspect of the survey underscores a critical area of concern that could affect production capacity and growth prospects if prolonged.
Price Dynamics
Price indexes from the survey indicate sustained pressure on costs. The prices paid index soared to 23.0 in April from 3.7 in March, signaling that input costs remain a significant challenge. This increase is near the long-run average but reflects heightened cost conditions that could squeeze margins if not managed effectively. Concurrently, the prices received index modestly increased, suggesting that firms are somewhat able to pass these costs onto consumers, but not entirely.
Future Outlook
Looking ahead, the survey’s future indicators, although slightly declined, still paint an optimistic picture for the next six months. The future general activity index, despite a drop, shows that a larger proportion of firms anticipate an increase in activity compared to those expecting a decrease. This optimism extends to projections for new orders and shipments, although at a moderated pace.
Interestingly, the future employment index saw an improvement, hinting at potential recovery in hiring intentions. This could be crucial in addressing the current employment declines and supporting anticipated increases in production.
Special Focus: Wages and Compensation
The survey included special questions about changes in wages and compensation. Over the past three months, 31.3% of firms reported increases in these costs, reflecting the broader inflationary pressures affecting the economy. Most firms have not adjusted their 2024 budgets for wages and compensation, indicating a wait-and-see approach in financial planning. However, a notable fraction of firms plan to increase wages more than initially planned, highlighting the competitive pressures to attract and retain talent amid a tight labor market.
Strategic Implications for Businesses
Manufacturing firms should remain vigilant of the ongoing cost pressures and labor market dynamics. Strategic planning should consider potential cost escalations and explore efficiencies in production processes. Additionally, firms must assess their workforce strategies to address the hiring challenges and plan for wage adjustments that align with market conditions and company performance.
Overall, the April 2024 Manufacturing Business Outlook Survey presents a mixed but cautiously optimistic view of the manufacturing sector. While current conditions show improvement, the challenges in employment and rising costs are critical areas that require careful management to sustain growth and competitiveness in the evolving economic landscape.
Source: https://www.philadelphiafed.org/surveys-and-data/regional-economic-analysis/mbos-2024-04
Start futures forex fx news trading with Haawks G4A low latency machine-readable data, one of the fastest machine-readable news trading feeds for US macro-economic and commodity data.
Please let us know your feedback. If you are interested in timestamps, please send us an email to [email protected].
0 notes
Text
39 pips potential profit in 69 seconds on 15 April 2024, analysis on futures forex fx news trading USDJPY and EURUSD on US Retail Sales data
According to our analysis USDJPY and EURUSD moved 39 pips on US Retail Sales data on 15 April 2024.
USDJPY (28 pips)
EURUSD (11 pips)
Charts are exported from JForex (Dukascopy).
U.S. Retail and Food Services Sales Surge in March 2024: A Sign of Economic Resilience
In a promising turn of events for the U.S. economy, the latest figures released by the U.S. Census Bureau reveal a robust uptick in retail and food services sales for the month of March 2024. The advance estimates, adjusted for seasonal variation and other factors, paint a picture of resilience and growth despite ongoing global uncertainties.
According to the report, U.S. retail and food services sales for March 2024 reached an impressive $709.6 billion, marking a 0.7 percent increase from the previous month. Even more encouraging is the year-over-year comparison, with sales up by 4.0 percent compared to March 2023. This steady growth trajectory suggests a buoyant consumer sentiment and a healthy appetite for spending.
Digging deeper into the numbers, it's evident that various sectors contributed to this positive trend. Retail trade sales, for instance, saw a notable 0.8 percent uptick from February 2024, signaling increased consumer activity across a range of goods and services. Nonstore retailers emerged as a standout performer, boasting an impressive 11.3 percent increase from the previous year. This surge in online shopping underscores the continued shift towards e-commerce platforms and highlights the importance of digital infrastructure in today's retail landscape.
Equally noteworthy is the resilience displayed by food services and drinking places, which saw a commendable 6.5 percent rise from March 2023. Despite challenges posed by the ongoing pandemic and fluctuating consumer preferences, the food and beverage industry has demonstrated remarkable adaptability and innovation, catering to evolving demands and ensuring customer satisfaction.
Moreover, the report provides insight into the broader economic trajectory, with total sales for the January 2024 through March 2024 period showing a 2.1 percent increase compared to the same period a year ago. This sustained growth over multiple months underscores the underlying strength of the U.S. economy and bodes well for future prospects.
It's worth noting the revised figures for the January 2024 to February 2024 percent change, which was adjusted upwards from 0.6 percent to 0.9 percent. This upward revision reflects a more optimistic outlook and reinforces the narrative of steady expansion in consumer spending.
Overall, the latest data on retail and food services sales in March 2024 paints a picture of resilience and optimism in the face of challenges. As the economy continues to recover and adapt to changing dynamics, these figures serve as a testament to the resilience of businesses and the enduring spirit of consumer confidence. With prudent policies and innovative strategies, the U.S. is well-positioned to navigate the road ahead and emerge stronger than ever before.
Source: https://www.census.gov/retail/sales.html
Please let us know your feedback. If you are interested in timestamps, please send us an email to [email protected].
Start futures forex fx news trading with Haawks G4A low latency machine-readable data today, one of the fastest news data feeds for US macro-economic and commodity data.
0 notes
Text
21 ticks potential profit in 20 seconds on 11 April 2024, analysis on futures forex fx news trading natural gas on DOE Natural Gas Storage Report data
According to our analysis natural gas moved 21 ticks on DOE Natural Gas Storage Report data on 11 April 2024.
Natural gas (21 ticks)
Charts are exported from JForex (Dukascopy).
Understanding the Latest Trends in Natural Gas Storage: Insights from the April 11, 2024 EIA Report
The Energy Information Administration (EIA) has recently released its latest Weekly Natural Gas Storage Report, providing data up to April 5, 2024. This crucial update gives us insights into the state of natural gas storage across the United States, reflecting changes over the past week and comparisons with historical data. Here’s a deep dive into what these numbers mean and their potential implications for the market and consumers.
Current Storage Levels and Weekly Changes
As of April 5, 2024, the total working gas in underground storage in the Lower 48 states stood at 2,283 billion cubic feet (Bcf). This marks a net increase of 24 Bcf from the previous week. Notably, the current storage levels are significantly above last year's figures at this time, which were at 1,848 Bcf, and also surpass the five-year average of 1,650 Bcf. This indicates a robust increase in gas storage, suggesting a stronger storage position relative to previous years.
Regional Analysis
The report details specific changes in various regions:
East: A slight decrease of 1 Bcf, totaling 362 Bcf.
Midwest: An increase of 2 Bcf, reaching 512 Bcf.
Mountain: An increase of 3 Bcf, now at 165 Bcf.
Pacific: Also up by 2 Bcf, totaling 229 Bcf.
South Central: The largest increase observed here, with 18 Bcf added, now totaling 1,014 Bcf.
Each region shows different trends, but overall, the increases are contributing to a greater national storage capacity, which could influence gas prices and energy policy.
Year-on-Year and Five-Year Comparisons
The comparison with last year and the five-year average gives us an idea of the long-term trends affecting natural gas storage:
The total stocks are 23.5% higher than the same time last year.
They are also 38.4% above the five-year average.
These significant increases could be due to various factors, including changes in production levels, shifts in energy consumption patterns, or preemptive storage in anticipation of different market conditions.
Implications for Markets and Consumers
With natural gas storage levels being well above average, this could lead to a stabilizing effect on natural gas prices, barring any sudden increases in demand or major geopolitical events. Consumers might benefit from relatively stable or possibly lower energy prices in the near term. However, energy producers might face challenges with lower prices affecting their revenue streams.
Future Outlook
Looking ahead, the next update scheduled for April 18, 2024, will provide further insights into the trends we're observing. Monitoring these trends is crucial for market participants and policymakers to make informed decisions.
In conclusion, the latest EIA report highlights a strong position in natural gas storage compared to previous years. This situation presents both opportunities and challenges in the energy market. As always, it will be important to keep an eye on how these trends evolve in response to economic, environmental, and political factors.
Source: https://ir.eia.gov/ngs/ngs.html
Start futures forex fx commodity news trading with Haawks G4A low latency machine-readable data, one of the fastest data feeds for DOE data.
Please let us know your feedback. If you are interested in timestamps, please send us an email to [email protected].
0 notes
Text
35 pips potential profit in 18 seconds on 11 April 2024, analysis on futures forex fx low latency news trading USDJPY and EURUSD on US BLS Producer Price Index (PPI) data
According to our analysis USDJPY and EURUSD moved 35 pips on US BLS Producer Price Index (PPI) data on 11 April 2024.
USDJPY (19 pips)
EURUSD (16 pips)
Charts are exported from JForex (Dukascopy).
Unpacking the March 2024 Producer Price Index: A Subtle Shift in Economic Trends
In March 2024, the Producer Price Index (PPI) for final demand demonstrated a modest increase of 0.2 percent, seasonally adjusted, according to the latest report from the U.S. Bureau of Labor Statistics. This subtle uptick follows more significant rises in previous months—0.6 percent in February and 0.4 percent in January. Notably, this marked a slight cooling in the pace of price increases faced by producers in the United States. Here’s a deeper dive into the nuances of the March 2024 PPI report and what these figures could signify for the broader economy.
Overview of March 2024 PPI Increases
Over the past year, the unadjusted final demand index has grown by 2.1 percent, the largest 12-month advance since a 2.3 percent increase recorded in April 2023. This year-on-year growth is primarily driven by a 0.3 percent rise in prices for final demand services, contrasting with a slight decline of 0.1 percent in the index for final demand goods.
Detailed Insights:
Services Sector: The increase in services was broad-based, with significant contributions from sectors like securities brokerage, dealing, investment advice, and related services, which surged by 3.1 percent. This was balanced by a notable decline in traveler accommodation services, which dropped by 3.8 percent.
Goods Sector: The decline in goods was led by a 1.6 percent decrease in final demand energy prices, emphasizing the volatile nature of this category. On a positive note, prices for final demand foods rose by 0.8 percent, showing some sectors still face upward pricing pressures.
Core Inflation Measures
Stripping out the often volatile prices of food, energy, and trade services, the core PPI (final demand less foods, energy, and trade services) moved up by 0.2 percent in March, mirroring the general trend of modest inflation in more stable categories. This core measure has risen by 2.8 percent over the past 12 months, indicating a relatively steady inflationary environment in the core sectors of the economy.
Intermediate Demand Dynamics
The report also sheds light on intermediate demand, which tracks prices for goods, services, and construction products sold for resale, export, or as inputs to other products. In March, prices for processed goods for intermediate demand fell by 0.5 percent, largely due to a 1.5 percent drop in processed energy goods. This reflects broader declines in energy costs that could influence future final demand prices.
Conversely, prices for services for intermediate demand ticked up by 0.2 percent, supported by increases in sectors such as investment banking and metals wholesaling. These increases are important indicators of cost pressures within the service sector that could trickle down to consumer prices.
Implications for Business and Policy
For businesses, the fluctuating PPI indicates a mixed bag of cost pressures that could affect profit margins and pricing strategies. The rise in services costs, particularly in financial services, might lead to higher operational expenses, whereas the drop in goods prices, especially energy, could provide some relief.
From a policy perspective, the Federal Reserve and other policymakers will likely scrutinize these figures to assess inflationary trends and adjust monetary policy accordingly. The core PPI's steady rise suggests that underlying inflation pressures remain manageable, which could influence interest rate decisions in upcoming meetings.
Conclusion
The March 2024 PPI report highlights a complex economic landscape with divergent trends in goods and services. As we move further into 2024, businesses and policymakers must remain vigilant and adaptable to these evolving economic indicators. By understanding these trends, stakeholders can better navigate the uncertainties and opportunities that lie ahead in the dynamic U.S. economy.
Source: https://www.bls.gov/news.release/ppi.nr0.htm
Start futures forex fx news trading with Haawks G4A low latency machine-readable data, one of the fastest machine-readable news trading feed for US economic and commodity data.
Please let us know your feedback. If you are interested in timestamps, please send us an email to [email protected].
0 notes
Text
38 ticks potential profit in 3 seconds on 10 April 2024, analysis on futures forex fx low latency news trading crude oil on DOE Petroleum Status Report data
According to our analysis crude oil moved 38 ticks on DOE Petroleum Status Report data on 10 April 2024.
Light sweet crude oil (19 ticks)
Brent crude oil (19 ticks)
Charts are exported from JForex (Dukascopy).
Analyzing the Latest Trends in the U.S. Petroleum Status for Early April 2024
The U.S. Energy Information Administration's Weekly Petroleum Status Report for the week ending April 5, 2024, provides critical insights into the country's petroleum industry, reflecting changes in refinery operations, stock levels, imports, and pricing that signify broader economic and operational trends. This analysis deciphers the key highlights and their potential implications for the market and consumers.
Refinery Inputs and Operations
U.S. crude oil refinery inputs averaged 15.8 million barrels per day, a slight decline from the previous week, indicating a minor adjustment in refining activity. This corresponds with refineries operating at 88.3% of their operable capacity, a marginal increase from the week before, yet noteworthy for understanding the refining sector's response to market demand.
Production and Stock Levels
The report highlights a decrease in gasoline production, now averaging 9.4 million barrels per day, and an increase in distillate fuel production, averaging 4.6 million barrels per day. This shift suggests a nuanced balancing act by refineries to meet the diverse demands of the market, where gasoline sees a slight pullback, and distillate fuels, crucial for industrial and heating purposes, see an uptick.
U.S. commercial crude oil inventories experienced a notable increase of 5.8 million barrels, suggesting a temporary oversupply or decreased demand. This adjustment brings inventories slightly below the five-year average for this time of year, indicating a relatively stable stock level amidst fluctuating market dynamics.
Imports and Product Supplied
A dip in crude oil imports to an average of 6.4 million barrels per day reflects the global interplay of supply chains affecting U.S. oil stocks. The decrease in total motor gasoline imports and a marginal rise in distillate fuel imports further underscore the shifting landscape of domestic consumption versus import reliance.
The four-week average of products supplied to the market slightly decreased, indicating a minor reduction in overall petroleum product demand compared to the same period last year. This subtle shift could signal changes in consumer behavior or broader economic trends influencing energy consumption.
Pricing Dynamics
Crude oil and petroleum product prices offer a lens into the market's supply and demand balance. West Texas Intermediate crude oil saw a price increase to $87.69 per barrel, reflecting tighter supply or increased demand conditions. Similarly, the rise in the spot prices for gasoline and heating oil in New York Harbor points to regional demand pressures or supply constraints.
The national average retail prices for gasoline and diesel fuel, both showing moderate changes from the previous week, paint a picture of the retail fuel market's response to upstream price movements and demand factors.
Conclusion
The early April 2024 snapshot of the U.S. petroleum status delineates a complex interplay of refinery operations, stock adjustments, imports, and price movements. These indicators not only reflect the current state of the petroleum sector but also offer insights into potential economic, environmental, and consumer trends. As the market continues to adapt to varying demand levels and supply chain challenges, stakeholders across the spectrum will be watching closely to navigate the volatile energy landscape effectively.
Source: https://www.eia.gov/petroleum/supply/weekly/pdf/highlights.pdf
Start futures forex fx crude oil news trading with Haawks G4A low latency machine-readable data, one of the fastest data feeds for DOE Petroleum Status Report data.
Please let us know your feedback. If you are interested in timestamps, please send us an email to [email protected].
0 notes
Text
57 pips potential profit in 46 seconds on 10 April 2024, analysis on futures forex fx low latency news trading USDJPY and EURUSD on US BLS CPI (Consumer Price Index) data
According to our analysis USDJPY and EURUSD moved 57 pips on US BLS CPI (Consumer Price Index) data on 10 April 2024.
USDJPY (25 pips)
EURUSD (32 pips)
Charts are exported from JForex (Dukascopy).
March 2024 Consumer Price Index Summary
The latest report from the U.S. Bureau of Labor Statistics on the Consumer Price Index (CPI) for March 2024 sheds light on current economic conditions, indicating both continuity and change in the inflation landscape. As consumers and analysts alike scrutinize these figures, it's crucial to unpack the nuances of the data to understand its implications for the economy, businesses, and everyday Americans.
CPI Overview for March 2024
In March 2024, the CPI for All Urban Consumers (CPI-U) experienced a 0.4 percent increase on a seasonally adjusted basis, mirroring the rise observed in February. Looking at the bigger picture, the all items index escalated by 3.5 percent over the last 12 months before seasonal adjustment, marking a notable trend in inflationary pressures.
The primary drivers of the monthly inflation increase were the shelter and gasoline indexes, which collectively contributed to more than half of the overall rise in the index for all items. Specifically, the energy index saw a 1.1 percent uplift, while food prices edged up by 0.1 percent. Notably, the food at home index remained stagnant, but the food away from home index climbed by 0.3 percent.
Key Components and Sectoral Impacts
Shelter and Energy: The shelter index continued its upward trajectory, alongside a significant 1.1 percent increase in the energy index. Gasoline prices, in particular, rose by 1.7 percent, reflecting broader energy market trends.
Food Index: The marginal 0.1 percent rise in the food index, coupled with a stable food at home index, suggests moderate food price inflation. However, the food away from home index's 0.3 percent increase points to costlier dining out experiences.
Core Inflation: Excluding food and energy, the core CPI rose by 0.4 percent for the third consecutive month. This consistent growth in core inflation underscores persistent inflationary pressures beyond volatile food and energy prices.
Yearly Inflation Trends
The 12-month overview reveals a 3.5 percent rise in the all items index, accelerating from the 3.2 percent increase ending February. Core inflation, excluding food and energy, climbed by 3.8 percent over the past year, indicating sustained inflationary pressure. Energy and food indexes rose by 2.1 percent and 2.2 percent, respectively, highlighting varied inflation dynamics across sectors.
Looking Ahead
The CPI data for March 2024 illustrates ongoing inflationary pressures within the U.S. economy, with significant contributions from shelter, energy, and certain food categories. While some sectors like used cars and trucks saw price decreases, the general trend indicates that inflation remains a concern.
For consumers, this means budgeting for higher costs in housing, energy, and dining out. Businesses, particularly in the energy, food service, and insurance sectors, will need to navigate these inflationary pressures carefully, balancing cost increases with consumer affordability.
As we move forward, monitoring these trends will be crucial for policymakers, businesses, and consumers alike to make informed decisions in an evolving economic landscape. The next CPI report, scheduled for release in May 2024, will be eagerly anticipated for further insights into inflationary trends and their potential implications.
Source: https://www.bls.gov/news.release/cpi.nr0.htm
Start futures forex fx news trading with Haawks G4A low latency machine-readable data, one of the fastest machine-readable news trading feed for US economic and commodity data.
Please let us know your feedback. If you are interested in timestamps, please send us an email to [email protected].
0 notes
Text
46 pips potential profit in 132 seconds on 5 April 2024, analysis on futures forex fx news trading USDCAD on Canada Labour Force Survey data
According to our analysis USDCAD moved 46 pips on Canada Labour Force Survey data on 5 April 2024.
USDCAD (46 pips)
Charts are exported from JForex (Dukascopy).
Canada's Labour Force Survey: An Overview of March 2024
Canada's latest Labour Force Survey for March 2024 presents a mixed bag of results, reflecting the dynamic and fluctuating nature of the country's economy. Released on April 5th, 2024, the survey offers a comprehensive look at employment trends, unemployment rates, industry shifts, and regional differences across Canada. Here, we delve into the key findings and what they signify for Canadians.
Employment Rates: A Steady Scene with Minor Adjustments
The headline figure from the survey is the minimal change in employment for March 2024, with a slight decrease of 2,200 jobs, marking a -0.0% change. This stability follows a modest increase in February (+41,000) and January (+37,000), suggesting a period of relative steadiness in the job market. However, it's notable that the employment rate has seen a slight decline for the sixth consecutive month, falling by 0.1 percentage points to 61.4%.
Unemployment on the Rise
A more concerning trend is the uptick in the unemployment rate, which rose by 0.3 percentage points to 6.1% in March. This increase adds to a year-over-year rise of 1.0 percentage points, indicating a growing number of Canadians are finding themselves out of work. Particularly striking is the unemployment rate among youth aged 15 to 24, which increased by 1.0 percentage points in just a month to 12.6%, and by 3.1 percentage points from March 2023.
Sectoral and Demographic Disparities
The survey highlights significant differences in employment changes across various demographics and industries. Youth employment continued to decline, falling by 28,000 (-1.0%), while core-aged men saw an increase of 20,000 (+0.3%). The decline in youth employment is a concerning trend that has seen virtually no net employment growth for this group since December 2022.
Industries such as accommodation and food services, wholesale and retail trade, and professional, scientific and technical services saw employment decreases, while health care and social assistance led with an increase of 40,000 (+1.5%). These sectoral shifts reflect broader economic changes and areas of growth and contraction within the Canadian economy.
Regional Variations
The survey also sheds light on regional disparities, with employment decreasing in Quebec, Saskatchewan, and Manitoba, while Ontario experienced an increase. This variation underscores the diverse economic conditions across the country and the impact of regional industries and policies on employment rates.
Looking Ahead
The March 2024 Labour Force Survey paints a picture of a Canadian economy experiencing slow movement in its labor market, with notable disparities across different sectors and regions. The rise in unemployment, particularly among the youth, poses a significant challenge, highlighting the need for targeted interventions and policies to support job creation and skill development in affected sectors and demographics.
As Canada navigates these complex labor market dynamics, the insights from the Labour Force Survey will be crucial for policymakers, businesses, and individuals alike in making informed decisions and adapting to the changing economic landscape.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/240405/dq240405a-eng.htm
Start futures forex fx news trading with Haawks G4A low latency machine-readable data today, one of the fastest news data feeds for US macro-economic and commodity data.
Please let us know your feedback. If you are interested in timestamps, please send us an email to [email protected].
0 notes
Text
10 ticks potential profit in 22 seconds on 4 April 2024, analysis on futures forex fx news trading natural gas on DOE Natural Gas Storage Report data
According to our analysis natural gas moved 10 ticks on DOE Natural Gas Storage Report data on 4 April 2024.
Natural gas (10 ticks)
Charts are exported from JForex (Dukascopy).
Analyzing the Latest Shifts in U.S. Natural Gas Storage: A Deep Dive into the Week Ending March 29, 2024
The U.S. Energy Information Administration (EIA) recently unveiled its Weekly Natural Gas Storage Report for the week ending March 29, 2024. This critical snapshot offers invaluable insights into the country's natural gas supply, showcasing a dynamic interplay between demand, storage capacity, and market trends. Here, we delve into the nuances of the latest report, comparing it against historical data to gauge its broader implications on the energy sector and beyond.
Key Highlights from the Latest Report
As of March 29, 2024, working gas in underground storage across the Lower 48 states stood at 2,259 billion cubic feet (Bcf), marking a net decrease of 37 Bcf from the previous week. This shift underscores a significant fluctuation in gas supplies, potentially influencing market dynamics and energy pricing in the short term. Notably, the current storage levels are substantially higher than the previous year's figures and the five-year average, suggesting a robust supply that could stabilize prices and supply chains.
Year-over-Year Increase: Stocks were 422 Bcf higher than the same period last year, presenting a considerable 23% increase.
Five-Year Average Comparison: When measured against the five-year average of 1,626 Bcf, the current storage levels are 633 Bcf above, reflecting a substantial 38.9% increase.
Regional Breakdown: A Closer Look
The report details specific trends across various regions, each with its unique dynamics and implications:
East and Midwest: Both regions saw a net decrease in storage levels, with the East experiencing a 24 Bcf reduction and the Midwest a 18 Bcf drop. Despite these decreases, both areas are still well above their previous year and five-year averages, indicating strong reserves.
Mountain and Pacific: The Mountain region reported a modest 4 Bcf decrease, whereas the Pacific region bucked the trend with a 4 Bcf increase. These changes are particularly striking in the context of their year-over-year and five-year average comparisons, showcasing significant variances in regional supply dynamics.
South Central: This region, which includes both salt and nonsalt storage facilities, reported a net increase of 5 Bcf, further bolstering its already substantial reserves.
Implications and Insights
The current state of natural gas storage in the U.S. paints a picture of strength and resilience. With storage levels comfortably above the previous year and the five-year average, the immediate outlook for natural gas supplies seems secure. This abundance is likely to have several key implications:
Market Stability: Higher storage levels typically translate to more stable natural gas prices, benefiting consumers and industries alike.
Energy Security: Robust storage figures contribute to the nation's energy security, ensuring a steady supply to meet domestic demand.
Policy and Planning: These trends are vital for policymakers and energy companies as they strategize for the future, balancing environmental concerns with energy needs.
Looking Ahead
As the energy landscape continues to evolve, monitoring natural gas storage levels remains critical for understanding broader market trends and preparing for future challenges. The EIA's next release on April 11, 2024, is eagerly awaited for further insights into these trends. With the energy sector at a crossroads, influenced by both geopolitical events and the push towards sustainability, the significance of such data cannot be overstated.
In conclusion, the latest Weekly Natural Gas Storage Report offers a glimpse into the complex dynamics shaping the U.S. energy sector. By providing a detailed analysis of current storage levels and historical comparisons, this report is an indispensable tool for anyone looking to navigate the intricacies of the energy market.
Source: https://ir.eia.gov/ngs/ngs.html
Start futures forex fx commodity news trading with Haawks G4A low latency machine-readable data, one of the fastest data feeds for DOE data.
Please let us know your feedback. If you are interested in timestamps, please send us an email to [email protected].
0 notes
Text
1410 pips potential forex fx futures news trading profit from 8 events in March 2024 with Haawks G4A machine-readable data feed
According to our analysis there was a potential of 1410 pips / ticks profit out of the following 8 events in March 2024. The potential performance in 2023 was 13,607 pips / ticks.
University Michigan Consumer Sentiment / Inflation Expectations (51 pips / 1 March 2024)
US Factory Orders (43 pips / 5 March 2024)
US Employment Situation (Non-farm payrolls / NFP) (34 pips / 8 March 2024)
US BLS Consumer Price Index (CPI) (20 pips / 12 March 2024)
DOE Petroleum Status Report (29 pips / 13 March 2024)
Switzerland interest rate decision (SNB) (35 pips / 21 March 2024)
Turkey interest rate decision (TCMB) (1186 pips / 21 March 2024)
US Philadelphia Fed Manufacturing Business Outlook (12 pips / 21 March 2024)
Total trading time would have been around 7 minutes! (preparation time not included)
Navigating the Waves: An Analysis of March 2024's Economic Indicators
March 2024 has been a tumultuous month filled with significant economic indicators that have sent ripples across global financial markets. From consumer sentiment and inflation expectations to key interest rate decisions, each data release has played a pivotal role in shaping investor sentiment and market directions. This blog post delves into these indicators, providing insights into their implications and the broader economic outlook.
University of Michigan Consumer Sentiment and Inflation Expectations
The month kicked off with the University of Michigan's Consumer Sentiment Index, which revealed a shift of 51 pips. Coupled with this, the inflation expectations from the same survey indicated how consumers foresee price levels changing in the near future. These figures are crucial as they shed light on consumer confidence and spending intentions, directly influencing economic growth prospects.
US Factory Orders
Following closely, US factory orders showed a movement of 43 pips on March 5th. This indicator is a vital measure of the manufacturing sector's health, reflecting both domestic and international demand for American-made goods. An uptick here signals robust economic activity, whereas a downturn can indicate slowing industrial production.
US Employment Situation and Non-farm Payrolls (NFP)
The employment situation, including the much-anticipated Non-farm Payrolls (NFP), shifted by 34 pips on March 8th. The NFP is a key economic indicator that measures the change in the number of employed people during the previous month, excluding the farming industry. It's a significant driver of the economy, affecting consumer spending and, consequently, economic growth.
US Bureau of Labor Statistics Consumer Price Index (CPI)
Mid-month, the US Bureau of Labor Statistics released the Consumer Price Index (CPI), moving by 20 pips on March 12th. The CPI is an essential measure of inflation, reflecting the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Inflation rates are a critical consideration for the Federal Reserve when setting monetary policy.
Department of Energy (DOE) Petroleum Status Report
The DOE Petroleum Status Report, with a change of 29 pips on March 13th, provides insights into the supply and demand dynamics of the oil market, affecting everything from inflation rates to energy stocks.
International Interest Rate Decisions
Later in the month, we saw significant interest rate decisions. Switzerland's SNB and Turkey's TCMB announced their interest rate decisions on March 21st, with movements of 35 and 1186 pips, respectively. These decisions are pivotal for the respective countries' inflation control and economic growth stimulation efforts.
The SNB's decision reflects its stance on promoting price stability and supporting economic activity, while the TCMB's substantial move indicates a more aggressive approach to its economic challenges, including high inflation and currency valuation.
US Philadelphia Fed Manufacturing Business Outlook
Lastly, the US Philadelphia Fed Manufacturing Business Outlook shifted by 12 pips on March 21st. This index provides a snapshot of the manufacturing sector's health in the Philadelphia Fed's jurisdiction, influencing perceptions of the broader industrial activity in the United States.
Conclusion
March 2024 has been a showcase of the complex interplay between various economic indicators and their collective impact on the global financial landscape. As investors and policymakers digest these figures, the insights gained will be crucial in navigating the economic waves ahead. The implications of these indicators extend far beyond the month, influencing monetary policies, investment strategies, and economic forecasts. As we move forward, keeping a keen eye on these developments will be paramount for anyone engaged in the economic sphere.
Disclaimer: This blog post is for informational purposes only and should not be construed as financial advice. Always conduct thorough research and consider seeking advice from a financial professional before making any investment decisions.
Start futures/forex/oil/grains news trading with Haawks G4A low latency machine-readable data today, we offer one of the fastest machine-readable data feeds for US macro-economic and commodity data and macro-economic data from Norway, Sweden, Turkey Switzerland, and ECB interest rates and statement.
Please let us know your feedback and check out our G4A low latency data feed.
All data is machine readable and available via API access in Aurora, CH1, NY4 and LD4. Free trials.
0 notes
Text
12 pips potential profit in 15 seconds on 21 March 2024, analysis on futures forex fx low latency news trading USDJPY and EURUSD on US Jobless Claims and US Philadelphia Fed Manufacturing data
According to our analysis USDJPY and EURUSD moved 12 pips on US Jobless Claims and US Philadelphia Federal Reserve Bank Manufacturing Business Outlook Survey data on 21 March 2024.
USDJPY (9 pips)
EURUSD (3 pips)
Charts are exported from JForex (Dukascopy).
Unpacking the March 2024 Manufacturing Business Outlook Survey Insights
The latest Manufacturing Business Outlook Survey, with responses gathered between March 11 and March 18, 2024, offers a nuanced view of the manufacturing sector's current health and its prospects. The survey, a bellwether for manufacturing trends, presents a mix of cautious optimism and areas of concern, reflecting the complex dynamics influencing the sector. Let’s delve into the key takeaways and what they mean for the industry moving forward.
Modest Growth Amidst Challenges
The survey underscores a continued expansion in manufacturing activity, albeit at a pace that suggests caution among industry players. The general activity index, a key measure of manufacturing health, recorded a slight dip to 3.2 in March, marking its second consecutive positive reading but highlighting a tempered outlook among firms. This modest growth is further evidenced by the positive turn in new orders, with the index rising to 5.4, and a slight uptick in shipments.
However, not all indicators are positive. The employment index remained in negative territory at -9.6, suggesting ongoing challenges in workforce dynamics. Moreover, both price indexes for inputs and outputs have decreased, remaining below long-run averages, pointing to a complex pricing environment faced by manufacturers.
Current Indicators and Future Outlook
While current indicators reflect a mixed bag of modest growth and persisting challenges, the future outlook provides a brighter picture. The future general activity index leapt to 38.6, the highest since July 2021, indicating stronger expectations for growth in the coming months. This optimism is echoed in the significant increases in future new orders and shipments indexes, suggesting that firms are anticipating a rebound in demand.
Furthermore, the survey’s special questions reveal insights into production growth and capacity utilization, with a higher share of firms reporting an increase in production for the first quarter of 2024 compared to the last quarter of 2023. The median current capacity utilization rate remains stable, with most firms indicating slight to moderate constraints from labor supply but less concern from supply chains.
Implications for the Manufacturing Sector
The March 2024 survey paints a picture of a manufacturing sector at a crossroads. On one hand, the continued expansion and optimistic future expectations reflect the resilience and potential for growth within the industry. On the other, the challenges in employment and price pressures underscore the ongoing adjustments firms must navigate in a post-pandemic world.
For industry leaders, the key takeaway is the importance of strategic planning and flexibility. Investing in workforce development and technology can help mitigate employment challenges, while agile pricing strategies may address the volatile cost environment. Moreover, the positive future outlook suggests that firms should prepare for increased demand, making this an opportune time to review and enhance production capabilities.
Looking Ahead
As the manufacturing sector continues to navigate through a landscape marked by both opportunities and challenges, the insights from the March 2024 Manufacturing Business Outlook Survey offer valuable guidance. By understanding the current trends and future expectations, manufacturers can better position themselves for growth, adapting to the evolving market dynamics with resilience and strategic foresight.
Source: https://www.philadelphiafed.org/surveys-and-data/regional-economic-analysis/mbos-2024-03
Start futures forex fx news trading with Haawks G4A low latency machine-readable data, one of the fastest machine-readable news trading feeds for US economic and commodity data.
Please let us know your feedback. If you are interested in timestamps, please send us an email to [email protected].
0 notes
Text
1186 pips potential profit in 68 seconds on 21 March 2024, analysis on forex fx news trading USDTRY first on Turkey interest rate decision data
According to our analysis USDTRY moved 1186 pips on Turkey interest rate decision (TCMB) data on 21 March 2024.
USDTRY (1186 pips)
Charts are exported from JForex (Dukascopy).
Understanding the Recent Move: A Dive into the Monetary Policy Committee's Decision to Hike Interest Rates
On March 21, 2024, the Monetary Policy Committee (MPC), under the leadership of Governor Yaşar Fatih Karahan and members Osman Cevdet Akçay, Elif Haykır Hobikoğlu, Hatice Karahan, and Fatma Özkul, made a pivotal decision in the realm of Turkey's economic policy. In a move aimed at curbing the inflationary pressures that have beleaguered the economy, the Committee announced an increase in the policy rate, specifically the one-week repo auction rate, from 45 percent to an assertive 50 percent. This significant rate hike is a clear signal of the central bank's intention to tighten monetary conditions in response to the deteriorating inflation outlook.
The Reason Behind the Hike
February saw an unexpected spike in monthly inflation, primarily driven by services inflation. Despite a slowdown in the imports of consumption goods and gold, which positively contributed to the current account balance, indicators suggest that domestic demand continues to be robust. The MPC has highlighted several factors that keep inflationary pressures alive: stickiness in services inflation, inflation expectations, geopolitical risks, and food prices.
In an effort to counteract these pressures, the Committee has also decided to adjust the monetary policy operational framework. This adjustment includes setting the Central Bank overnight borrowing and lending rates 300 basis points below and above the one-week repo auction rate, respectively. This strategy is aimed at ensuring the effectiveness of the monetary policy transmission mechanism.
The Strategy Moving Forward
The MPC's decision to raise the policy rate underscores a broader strategy to maintain a tight monetary stance until there is a significant and sustained decline in the underlying trend of monthly inflation. The Committee has also expressed its readiness to tighten the monetary policy stance further if inflation deteriorates significantly and persistently.
The central bank's determination to maintain a tight monetary stance is expected to moderate domestic demand, lead to a real appreciation in the Turkish lira, and improve inflation expectations. These measures, in turn, are projected to contribute to a decrease in the underlying trend of monthly inflation, establishing a path toward disinflation in the second half of 2024.
Macroprudential Policies and Future Outlook
Alongside monetary tightening, the Committee continues to implement macroprudential policies to preserve market mechanism functionality and macrofinancial stability. These include tightening financial conditions and reinforcing monetary policy transmission with measures taken in March. The MPC emphasizes the importance of monitoring market liquidity closely and effectively using sterilization tools as needed.
Looking ahead, the Committee will consider the lagged effects of monetary tightening in its policy decisions, aiming to create the monetary and financial conditions necessary for a decline in the underlying trend of inflation. The ultimate goal is to achieve the 5 percent inflation target in the medium term.
The MPC's decision-making process will remain predictable, data-driven, and transparent. The summary of the Monetary Policy Committee Meeting will be released within five working days, providing further insights into the Committee's analysis and expectations.
Conclusion
The recent decision by the Monetary Policy Committee to increase interest rates marks a critical step in Turkey's fight against inflation. By taking a decisive and transparent approach, the Committee aims to stabilize prices and lay the groundwork for sustainable economic growth. As the situation evolves, the central bank's actions will be closely monitored by investors, policymakers, and the public, who are eager to see the return of price stability and economic prosperity.
Source: https://tcmb.gov.tr/wps/wcm/connect/62a341a9-b793-4ba8-9582-7b10dc2c9331/ANO2024-14.pdf?MOD=AJPERES&CACHEID=ROOTWORKSPACE-62a341a9-b793-4ba8-9582-7b10dc2c9331-oVwGLDx
Start forex fx news trading with Haawks G4A low latency machine-readable data today, one of the fastest news data feeds for US and European economic and commodity data.
Please let us know your feedback. If you are interested in timestamps, please send us an email to [email protected].
0 notes
Text
35 pips potential profit in 82 seconds on 21 March 2024, analysis on forex fx news trading EURCHF on Switzerland interest rate decision (SNB) data
According to our analysis EURCHF moved 35 pips on Switzerland interest rate decision (SNB) data on 21 March 2024.
EURCHF (35 pips)
Charts are exported from JForex (Dukascopy).
Swiss National Bank Eases Monetary Policy: A Strategic Move Amidst Changing Economic Landscape
On March 21, 2024, the Swiss National Bank (SNB) announced a pivotal adjustment in its monetary policy, marking a significant shift in its approach to managing the Swiss economy. In a decisive move, the SNB lowered the SNB policy rate by 0.25 percentage points to 1.5%, effective from March 22, 2024. This adjustment reflects a strategic response to the evolving economic conditions, both domestically and globally, and underscores the SNB's commitment to fostering economic stability and growth.
Easing Monetary Policy: A Reflection of Effective Inflation Management
The decision to ease monetary policy is underpinned by the successful containment of inflation over the past two and a half years. With inflation rates now comfortably below the 2% mark, the SNB has achieved its goal of maintaining price stability, a cornerstone of economic well-being. The proactive measures taken by the SNB have culminated in an inflation rate of 1.2% as of February 2024, primarily driven by a decrease in goods inflation, with a notable shift towards higher prices for domestic services.
The revised conditional inflation forecast presents an optimistic outlook, with average annual inflation rates projected at 1.4% for 2024, 1.2% for 2025, and 1.1% for 2026. These projections rest on the assumption of a steady SNB policy rate at 1.5% across the forecast horizon, signaling a period of economic stability and manageable inflation levels.
Navigating Global and Domestic Economic Landscapes
The global economic environment has been characterized by moderate growth and a gradual decline in inflation, albeit with persistent above-target rates in several countries. This backdrop has influenced central banks' decision-making processes, with many opting to maintain restrictive monetary policies to anchor inflation expectations.
Against this global canvas, Switzerland's economy has exhibited moderate growth, with a mixed performance across sectors. The appreciation of the Swiss franc in real terms over the past year poses challenges, notably impacting export demand and overall economic momentum. Nevertheless, the SNB forecasts a growth rate of around 1% for the Swiss economy in 2024, amidst a gradual increase in unemployment and shifting production capacity utilization.
Addressing Risks and Uncertainties
The SNB's policy adjustment comes with a keen awareness of the risks and uncertainties that lie ahead. The global economic outlook, while cautiously optimistic, is fraught with potential disruptions stemming from prolonged inflationary pressures, geopolitical tensions, and weaker global economic activity. Domestically, the Swiss economy faces headwinds from subdued external demand and currency appreciation, alongside vulnerabilities in the mortgage and real estate markets.
A Strategic Stance for Future Stability
The SNB's decision to lower the policy rate is a measured response to the complex interplay of inflation dynamics, economic growth, and external challenges. By easing monetary policy, the SNB aims to support economic activity, ensuring that monetary conditions remain conducive to achieving price stability and sustainable growth.
As the Swiss economy navigates through these uncertain times, the SNB's vigilant stance on inflation and its readiness to adjust monetary policy as necessary will be crucial in steering the country towards continued economic resilience. The central bank's commitment to monitoring economic developments closely underscores its proactive approach to safeguarding the economic well-being of Switzerland, even as it remains attuned to the evolving global economic landscape.
Source: https://www.snb.ch/public/publication/en/www-snb-ch/publications/communication/press-releases-restricted/pre_20240321/0_en/pre_20240321.en.pdf
Start forex fx news trading with Haawks G4A low latency machine-readable data today, one of the fastest news data feeds for US and European macro-economic and US commodity data.
Please let us know your feedback. If you are interested in timestamps, please send us an email to [email protected].
0 notes
Text
29 ticks potential profit in 14 seconds on 13 March 2024, analysis on futures forex fx low latency news trading crude oil on DOE Petroleum Status Report data
According to our analysis crude oil moved 29 ticks on DOE Petroleum Status Report data on 13 March 2024.
Light sweet crude oil (14 ticks)
Brent crude oil (15 ticks)
Charts are exported from JForex (Dukascopy).
Analyzing the Latest Weekly Petroleum Status Report: Trends and Impacts
The Energy Information Administration (EIA) has released its Weekly Petroleum Status Report for the week ending March 8, 2024, providing key insights into the U.S. petroleum market's dynamics. This analysis aims to decode the numbers, examining refinery operations, inventory levels, imports, prices, and what these trends indicate for consumers and the broader energy sector.
U.S. Refinery Inputs and Production Levels
Refinery operations have seen an uptick, with crude oil inputs averaging 15.7 million barrels per day, marking a 390,000 barrels per day increase from the prior week. This surge pushes refinery utilization to 86.8% of their capacity, signaling a robust demand for petroleum products. Gasoline and distillate fuel production also rose, averaging 9.9 million and 4.6 million barrels per day, respectively, pointing towards a strengthening supply side in the market.
Imports and Inventory Levels
A notable shift occurred in crude oil imports, which averaged 5.5 million barrels per day last week, a significant decrease from the previous week. This change suggests a tightening in the global crude supply or shifts in U.S. import strategies. Conversely, the overall inventory levels depict a complex scenario: while crude oil inventories dropped by 1.5 million barrels, signaling a decrease in supply, propane/propylene inventories rose, indicating varied demand across different petroleum products.
Prices: A Mixed Bag for Consumers and Businesses
The price dynamics reveal a mixed impact for consumers and businesses. West Texas Intermediate (WTI) crude oil experienced a slight decrease, standing at $78.96 per barrel. Meanwhile, gasoline and heating oil spot prices saw a decline, potentially translating to modest relief for consumers at the pump. However, the national average retail prices for gasoline and diesel moved in opposite directions, highlighting the intricate balance between supply, demand, and geopolitical factors influencing the energy markets.
What This Means Moving Forward
The latest data from the EIA suggests a few key trends and their potential impacts:
Refinery Activity Increase: The rise in refinery inputs and capacity utilization points to an optimistic outlook for fuel supply in the domestic market. However, this increase must be sustained to meet growing demand as the economy continues to recover.
Inventory and Import Fluctuations: The drop in crude oil imports and certain inventory levels may raise concerns about supply tightness. Stakeholders should monitor these trends closely, as prolonged decreases could pressure prices upward.
Price Variability: The mixed signals in price movements underscore the volatile nature of the petroleum market. Consumers and businesses alike should remain prepared for fluctuations in fuel costs, which could impact spending and operational decisions.
Conclusion
The Weekly Petroleum Status Report paints a picture of a recovering but still volatile petroleum market. As the U.S. and global economies navigate post-pandemic landscapes, energy markets will continue to be at the mercy of supply and demand shifts, geopolitical tensions, and policy changes. Stakeholders, from consumers to industry leaders, must stay informed and agile, ready to adapt to the ever-changing energy landscape.
Source: https://www.eia.gov/petroleum/supply/weekly/pdf/highlights.pdf
Start futures forex fx crude oil news trading with Haawks G4A low latency machine-readable data, one of the fastest data feeds for DOE Petroleum Status Report data.
Please let us know your feedback. If you are interested in timestamps, please send us an email to [email protected].
0 notes
Text
20 pips potential profit in 19 seconds on 12 March 2024, analysis on futures forex fx low latency news trading USDJPY and EURUSD on US BLS CPI (Consumer Price Index) data
According to our analysis USDJPY and EURUSD moved 20 pips on US BLS CPI (Consumer Price Index) data on 12 March 2024.
USDJPY (12 pips)
EURUSD (8 pips)
Charts are exported from JForex (Dukascopy).
Understanding the February 2024 Consumer Price Index Report: A Deep Dive
The Consumer Price Index (CPI) for February 2024 was released by the U.S. Bureau of Labor Statistics (BLS), marking an essential gauge for economists, policymakers, and consumers to understand the current economic climate and inflation trends. The CPI measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Let's dive into the details of the February 2024 report to unpack what it means for the economy and individuals.
February 2024 CPI Highlights
In February 2024, the Consumer Price Index for All Urban Consumers (CPI-U) saw a seasonally adjusted increase of 0.4 percent, following a 0.3 percent rise in January. This incremental change points to a persistent upward pressure on prices across a broad array of goods and services. Over the past 12 months, the all items index has risen by 3.2 percent before seasonal adjustment, indicating a slight acceleration in inflationary pressures.
Key Contributors to the February Increase
Several key components contributed to the February rise in the CPI-U:
Shelter and Gasoline: The indexes for shelter and gasoline saw significant increases in February, together accounting for over sixty percent of the monthly rise in the all items index. This combination of higher housing and fuel costs can strain household budgets.
Energy: The energy index increased by 2.3 percent, with all its component indexes also on the rise, adding to the overall inflationary pressure.
Food: Interestingly, the food index remained unchanged in February, with both the food at home and food away from home indexes showing little to no growth. This stability in food prices offers a slight reprieve amidst the broader inflationary trends.
Annual Perspective
Looking at the annual figures, the all items index increased by 3.2 percent over the 12 months ending February 2024, a notch above the 3.1 percent increase for the year ending in January. Notably, the energy index decreased by 1.9 percent over this period, providing a mixed picture of the inflationary landscape.
Analyzing the Numbers: What This Means for You
The February 2024 CPI report underscores ongoing inflationary pressures within the U.S. economy. For consumers, the rise in shelter and gasoline prices could lead to higher living expenses, affecting budgets and spending habits. On the flip side, the stabilization in food prices, albeit temporary, offers some relief.
For policymakers, the report's insights into inflationary trends are crucial for shaping monetary policy and interest rate decisions. The data presents a balancing act between stimulating economic growth and curbing inflation to maintain price stability.
Looking Ahead
As we move forward into 2024, all eyes will be on the evolving economic indicators and their implications for inflation, consumer spending, and monetary policy. The Consumer Price Index, as a primary measure of inflation, will continue to play a pivotal role in these discussions. The next CPI report, scheduled for release in April 2024, will be eagerly awaited for further clues on the direction of the U.S. economy.
In summary, the February 2024 CPI report highlights the nuanced landscape of inflationary pressures facing the U.S. economy. While certain sectors like energy and shelter are driving price increases, the overall picture is complex, with stabilizing food prices providing a counterbalance. Understanding these dynamics is essential for navigating the economic challenges and opportunities that lie ahead.
Source: https://www.bls.gov/news.release/cpi.nr0.htm
Start futures forex fx news trading with Haawks G4A low latency machine-readable data, one of the fastest machine-readable news trading feed for US economic and commodity data.
Please let us know your feedback. If you are interested in timestamps, please send us an email to [email protected].
0 notes