Foreign exchange morning paper Yesterday’s important news 1, the Fed’s balance sheet shrank by $73.558 billion to $8.63 trillion in the latest week, the biggest weekly decline since July 2020. In addition, the Fed’s emergency lending line to banks, known as the BTFP+ discount, fell slightly to $149 billion, but that is still well above the $4.5 billion level before the Silicon Valley Bank incident. Loans to FDIC transition banks, meanwhile, fell to $174.6 billion from $180.1 billion a week earlier. 2. The amount of cash parked in money market funds climbed to a record high in the past week, though the pace of inflows has been slower than recently. About $49.1 billion flowed into U.S. money market funds in the week ended April 5, compared with $54.5 billion in the last report, ICI data showed. Total assets reached $5.25 trillion. 3. St. Louis Fed President James Bullard said there was an 85% chance that financial stress would continue to ease. With interest rates at the lower end of a restrictive band, it is too early to declare victory on inflation. 4, U.S. initial jobless claims rose to 228,000 in the week ended April 1, the highest level since the week ended December 3, 2022. 5. Us employers announced 270,416 job cuts in the first quarter of this year, up 396 per cent from 55,696 in the same period last year, according to Challenger Inc. That’s the highest first-quarter total since 2020. 6. The International Monetary Fund has warned that global growth prospects for the next five years are the weakest since 1990. The IMF chief said global economic growth is expected to be below 3 per cent in 2023, down from 3.4 per cent in 2022. 7, the New York Fed said that global supply chain strains had fallen again and had largely returned to normal. 8. In a meeting with Italian regulators, OpenAI pledged to increase transparency in the use of personal data. OpenAI said it believed it complied with personal data protection laws but was willing to cooperate with the agency. 9, Google CEO Pichai said the company plans to add conversational AI features to its flagship search engine, while dismissing the notion that chatbots pose a threat to Google’s search business. 10. Add trial Bing Image Creator for Microsoft Edge browser to generate images from text. 11. Swedish prosecutors issued a press release on June 6, reconfirming that the Nord Stream gas pipeline was sabotagedbut saying that it was difficult to determine the mastermind behind the sabotage. 12. The Biden administration is close to proposing some of the toughest auto pollution limits ever in the United States, but it will not mandate electric or hybrid models, according to people familiar with the matter. Today’s focus is on data and events 20:30 US March quarter adjusted non-farm payrolls 20:30 US unemployment rate in March 20:30 U.S. average hourly wage per month in March The fundamentals and technical training course is updated regularly on a weekly basis. The course explains foreign exchange related knowledge points systematically and in detail. B station video: space.bilibili.com/68967327/#/ Watermelon video: https://www.ixigua.com/home/1675277877643454/?list_entrance=search Students who like the teacher can add the teacher’s wechat account: 15123332022 or the QR code below to get one-on-one guidance from the teacher. Every working day there are financial morning news, yesterday’s market review, today’s trading strategy, market outlook, real-time call single, single analysis.