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Need to Know: These five synchronized assets are pointing to a ‘black swan event,’ says market veteran Need to Know April 20, 2023 View in Web Browser These five synchronized assets are pointing to a ‘black swan event,’ says market veteran By Barbara Kollmeyer Critical information for the U.S. trading day Getty Images Blame

Weekly U.S. jobless claims edged up last week, suggesting the labor market was gradually slowing, while a Philadelphia Fed report showed much lower-than-forecast factory activity in the mid-Atlantic region.

Traders are being chopped around

The AUD/USD broke above 0.6740/45 and jumped to 0.6771, reaching the highest level in a week. The pair then pulled ack and is hovering around 0.6755,

Today’s ECB March meeting minutes gave a glimpse into the central bank’s analysis of the financial turbulence in the wake of the Silicon Valley Bank collapse. Delivering on the pre-announced 50 bps hike was important to instill confidence and avoid creating further uncertainty in financial markets, MPC members agreed. The ECB acknowledged the risk of a potential banking crisis.

On the earnings front, Tesla (NASDAQ:TSLA) had beats top and bottom but the profit margins were light as the company continues to cut prices.

USD moves higher ahead of data

Factory sector activity in the US mid-Atlantic region softened again unexpectedly in April, the results of a closely followed survey revealed.

The USD is modestly lower

The price breaks higher