The Traderszone Network

Jobless claims bounced back from a 42-1/2-year low, but the remained consistent with tightening labor market conditions.

US initial jobless claims data report week ending 22 April 2016
Nothing to see here, stick with what’s going on with GDP.

The first look at Q1 GDP:
– Prior +1.4% (unrevised)
– Personal consumption +1.9% vs +1.7% exp
– Prior consumption +2.4%
– GDP price index +0.7% vs +0.5% exp
At first look, it appears as though higher inflation ate into real growth. It’s a good sign that nominal growth held up but no one is celebrating a 0.5% growth pace.

Product launch timing, not improved customer demand, is going to lead to better year-over-year comps for iPad.

U.S. economic growth braked sharply to its slowest pace in two years as consumer spending softened and a strong dollar continued to undercut exports.

April 28, 2016: The JPY is the strongest. The USD is the weakest
The BOJ kept rates unchanged and that sent the JPY soaring against all the major currency pairs. The Fed kept their rates unchanged – as expected – and kept the market guessing going forward as far as future tightenings.  That helped weaken the greenback.  The NZD also moved higher despite the RBNZ comments that the currency should fall and they keep the door open for further easing.  

The software provider reaffirmed its 2016 guidance.