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US Durable Goods Orders decline 1.4% to $315.5 billion in February
Durable Goods Orders in the United States (US) declined 1.4%, or $4.4 billion, to $315.5 billion in February, the US Census Bureau reported on Tuesday. This print followed the 0.5% decline recorded in January and came in worse than the market expectation for a decrease of 0.5%.Fxstreet
Tue, Apr 7
ADP Employment Change 4-week average increases to 26K
Private-sector hiring in the US has added extra momentum in mid-March. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 26K jobs per week in the four weeks ending March 14.Fxstreet
Tue, Apr 7
US President Trump: A whole civilization will die tonight, never to be brought back again
"A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will," United States (US) President Donald Trump posted on Truth Social on Tuesday.Fxstreet
Tue, Apr 7
AUD: Energy shock threatens fragile consumption – TD Securities
TD Securities analysts highlight a record monthly rise in the Melbourne Institute Inflation Gauge, pushing headline and trimmed mean inflation to their highest non-COVID levels since 2008. At the same time, Australian household spending growth is modest and momentum is slowing.
Fxstreet
Tue, Apr 7
Japan’s Katayama: Cost estimates rely on how long Middle East war will last
Japan’s Finance Minister (FM) Satsuki Katayama said during European trading hours on Tuesday that the administration remains focused on mitigating risks to the Japanese economy in the wake of the Middle East war.Fxstreet
Tue, Apr 7
ECB: Focus on expectations as Oil shock bites – Commerzbank
Commerzbank’s Chief Economist Dr. Jörg Krämer argues that the European Central Bank should respond to the recent Oil price shock by prioritizing long-term inflation expectations. He notes that higher energy costs are both lifting inflation and weighing on growth, creating a policy dilemma.Fxstreet
Tue, Apr 7
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