SignalPlus Morning Briefing (06 May 2024)
For the first time all year, we had a below-consensus payroll print (that didn’t surprise to the upside), with headline job creation coming in at +175k (from a previous average…
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For the first time all year, we had a below-consensus payroll print (that didn’t surprise to the upside), with headline job creation coming in at +175k (from a previous average…
The past week ended up to be largely a supportive week for risk assets, with a FOMC did their best to avoid a ‘hawkish pivot’, and double downed on their…
Yesterday (1 MAY), the U.S. ADP employment figures for April increased by 192,000, exceeding the expected 175,000, marking the largest increase since July 2023. During the FOMC meeting early this…
Couple of unfriendly econ data prints affected risk sentiment for much of the NY session. US Q1 GDP came in at 1.6% vs 3.4% in Q4, with personal consumption decelerating…
Influenced by the latest round of Middle Eastern geopolitical news, Bitcoin’s intraday drop exceeded 4%, reaching a low of 63606, and forming a support level around 64000. Due to the…