Source: Bloomberg China’s central bank has reduced its reserve requirements for most of its lenders by 25 basis points and 50% for smaller banks to cushion the slowing economy. CSI 300 is down -0.67%, USDCNY is down -0.10%. The change is expected to become effective on April 25, generating around 530 billion yuan or $83 billion of liquidity to the economy.Officials … [Read more...] about PBOC Cuts Bank’s Reserve Requirements as Growth Stalls
Happy Fast Money Review
Happy Fast Money is a trading solution that works with a Grid of orders strategy. The system belongs to the Happy Forex portfolio. The presentation looks welcome and tries to answer all possible questions. Detailed Happy Fast Money robot review The system can provide us with the following features and settings to improve our trading experience. We can expect that Happy … [Read more...] about Happy Fast Money Review
US Consumer Sentiment Improves by 10.6% In April as Optimism Crawls Back
Source: University of Michigan The Index of Consumer Sentiment in the US was reported at 65.7 in early April, improving by 10.6% from the previous month. SPY is down -0.63%, DXY is up +0.50%. The consumer sentiment gauge was still 25.6% lower than the prior year and remained below the reading in January this year. Consumers also became more upbeat about the current … [Read more...] about US Consumer Sentiment Improves by 10.6% In April as Optimism Crawls Back
US Import, Export Prices Surge to Historic Highs in March
Source: Bureau of Labor Statistics Import and export prices of the United States both posted double-digit annual growth in March, marking historic highs. QQQ is down 1.10%, while SPY is down 0.33%. Import prices for the month increased by 2.6% from February, marking the biggest monthly increase since April 2011.Annual import price growth was recorded at 12.5%, the biggest … [Read more...] about US Import, Export Prices Surge to Historic Highs in March
US Retail Sales Rise by 0.5% in March as Gasoline Prices Soar
Source: Census Bureau Retail and food services sales in the US were valued at $665.7 billion in March, an increase of 0.5% from the previous month. SPY is down -0.46%, DXY is up +0.84%. The surge in retail sales in March was largely attributed to higher spending due to inflationary pressures, especially gasoline, which saw an 8.9% jump.Excluding motor vehicles and … [Read more...] about US Retail Sales Rise by 0.5% in March as Gasoline Prices Soar
