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Friday, April 25, 2025

Asia Market Movers: Canadian retail sales will test the resilience of the consumer

Canadian retail sales will test the resilience of the consumer

Canadian retail sales are due on Friday and expected to show a 0.4% m/m for the February reading but the real test will be the advance March reading, which doesn't have a consensus estimate. The best... 

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Malaysia trade minister: We're open to negotiate with the US on reducing trade deficit

Open to negotiate on non-tariff barriers, explore bilateral trade agreement, strengthen tech safeguards and security Will explore alternative ways to address US concerns Will ensure mutually beneficia... 

The yen's rise is more fragile than the euro's

The Japanese yen and euro have both chalked up impressive year-to-date gains of around 12% against the US dollar, Bank of America argues that the yen's rise is more flimsy. BofA notes: The yen's rally... 

What has to happen to price in a recession?

Here is a good chart from Deutsche Bank that highlights several actual recessions and several times where a decession looked likely and how far the SP 500 fell in those situations. Looking at it, the... 

PBOC Governor: All parties expressed concern about negative impact of trade frictions

All parties called for the strengthening of dialogue and policy coordination All parties support the construction of a more-stable, efficient and resilient int'l financial architecture Economic fragme... 

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Latest Forex Orders

FX option expiries for 24 April 10am New York cut

There aren't any major expiries to take note of on the day, though there are some large ones for EUR/USD and USD/JPY that could factor into play on any notable price extensions. But for now, they are... 

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