Cryptocurrencies and currency pairs are some of the most traded instruments in the capital markets. While investors use an array of tools to trade the two, futures have always stood out, given the synergies they offer. What are futures? Futures are derivatives that allow investors and traders to buy or sell a commodity at a specific price in the investment world. The … [Read more...] about Futures Trading in Crypto and Forex Markets: Guide
US International Trade Deficit Widens to $109.8 Billion
Source: Bureau of Economic Analysis The United States posted a wider trade deficit in March, as imports grew at a faster rate than exports during the month. QQQ is down 0.95%, while SPY is down 0.28%. The international trade in goods and services deficit stood at $109.8 billion, reflecting a 22.3% increase.The latest level reflects an increase in the goods deficit of … [Read more...] about US International Trade Deficit Widens to $109.8 Billion
Manufacturing Growth Cools for Second Straight Month
Source: Institute for Supply Management The manufacturing sector expanded for the 23rd straight month of growth in April, but growth decelerated for the second consecutive month. QQQ is down 1.23%, while SPY is down 0.31%. The manufacturing PMI stood at 55.4 in April, 1.7 percentage points lower than 57.1 in March.A slowdown was recorded in nearly all indicators, except … [Read more...] about Manufacturing Growth Cools for Second Straight Month
Private Sector Jobs Growth Decelerates to Eight-Month Low
Source: ADP Private employment growth slipped to an eight-month low in April, driven by the decline recorded in small businesses. QQQ is down 0.88%, while SPY is down 0.26%. Private sector employment grew by 247,000 in April, lower than the 479,000 in March and 619,000 in the same month last year.The latest reading is the lowest increase in eight months since employment … [Read more...] about Private Sector Jobs Growth Decelerates to Eight-Month Low
Eurozone Services Growth Jumps to Seven-Month High
Source: Markit Economics The services sector in the eurozone continued to climb in April, marking its best performance in seven months. EZU is down 0.25%, while VGK is down 0.53%. The S&P Global Eurozone PMI Composite Output Index stood at 55.8 in April, higher than the 54.9 in March. This is the highest since September 2021.The fastest growth was recorded in France … [Read more...] about Eurozone Services Growth Jumps to Seven-Month High
