Friday’s Non-Farm Payrolls dished out a huge surprise, rolling out a gigantic miss to the downside as the US economy added only 235,000 jobs. Despite a sizeable upward revision of 133,000 to the previous month, nothing was going to offset the shock of the miss in the headline data. Household employment performed strongly, helping to […]
Can ongoing record breaking rallies for the S&P 500 and NASDAQ Composite as well as near record highs for the Dow Jones and Russell 2000 continue as September begins? Historically, since 1945, that’s the month that’s consistently been the worst period of the year for equities. Without a doubt, it’s also the question traders are […]
While investors will continue monitoring upcoming economic data, including home sales and personal spending, what they’re really looking forward to is the Fed’s annual symposium at Jackson Hole which usually takes place in person, but because of rising COVID cases in the US and worldwide, will this year take place online. It begins at the […]
The dollar edged higher in early European trading Monday, but remained near a one-week low as rising Covid-19 cases and slumping U.S. consumer confidence could pressure the Federal Reserve to delay tapering its bond-buying program. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, […]
The virus is once again raising the prospects of slowing the economic recovery that was unevenly unfolding. The preliminary July PMI for Australia, UK, France, and the US was disappointed. Expectations for the trajectory of monetary policy are being impacted. Consider that the implied yield of the December 2022 Eurodollar futures fell to 40 bp […]
Inflationary pressures are showing no signs of easing just yet and the market will soon look to test the Fed’s patience. The dollar has been stuck in a tight trading range since the middle of June, but that could soon change if the rest of the world shifts to a tightening mode more quickly than […]
Global stocks are all over the place as some indexes fall into correction while others continue to extend higher into record territory. The bond market volatility surprised many investors as the growth outlook took a massive hit with the spread of the Delta coronavirus variant showing many countries are still struggling to return to normal. […]
Asian stocks dropped on Monday as investors mulled the implications of a surprise hawkish shift last week by the U.S. Federal Reserve, while the Treasury yield curve flattened further with 30-year yields dropping below 2%. Though investors have been spoiled by the most generous stimulus ever, both from the Fed and the Biden Administration, a […]
The Federal Reserve’s Open Market Committee meeting is the most important event in the week ahead. It is not that it will take fresh policy action. Rather, its observations about the economy and its forward guidance are the focus. Since the Fed last met in April, job growth has slowed, and prices have accelerated. While […]
US CPI DATA: Possible Impact on GOLD | TAPERING to guide the further direction If the US CPI print comes in hotter than the consensus of a 0.4% rise in May, it will ramp up the Fed’s tapering expectation, which will render negative for the non-yielding gold. The ECB could also hint towards dialling back […]
