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 […]
Previously, the US nonfarm payrolls beat market expectations on the upside, with hiring accelerating in June as labor market supply constraints eased. 850k new jobs added,marking the highest reading in 10 months. Average hourly earnings rose 0.3% MoM and 3.6% YoY, reflecting strong demand for labor. This week, Wednesday’s Federal Reserve meeting minutes may give […]
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 […]
The media has played up the upcoming ECB with all the Sturm und Drang that can be mustered. However, investors and other market participants seem considerably less anxious. And for a good reason: at the end of the day, it does not really matter that much. Despite oil prices rising more than a third this […]
The dollar inched down, but traded near a two-month high against the yen, on Monday morning in Asia. Investors digested mixed economic data from China and strong inflation data from the U.S., while also expecting the U.S. Federal Reserve to start tapering its asset purchases eventually. Both the U.S. and the U.K. markets are closed […]
The upcoming week is filled with another round of Fed speak and a plethora of economic releases, with many traders focusing on consumer data points. On Tuesday, the Conference Board’s Consumer Confidence reading is expected to soften from 121.7 to 119.3. The Friday release of personal income and spending will show dramatic drops as the […]
Stocks extended the late-week rebound to hit a fresh record on Friday, boosted by strong earnings growth. All four major US indices—the Dow Jones, S&P 500, NASDAQ and Russell 2000—finished higher ahead of the weekend. Helping buoy investor optimism: the logistics for vaccine distribution in the US improved, after President Joseph Biden announced his administration […]
Notwithstanding Friday’s weaker than expected nonfarm payrolls report, US equity indices for the Dow Jones, S&P 500, NASDAQ and Russell 2000 all finished higher on the final day of trade as well as for the week. The small-cap Russell saw its steepest boost since June; the SPX saw its best weekly performance since November. The […]
The S&P 500, Dow Jones and NASDAQ indices all slumped on Friday, to complete the worst weekly selloff in three months. The sharp tumbles were triggered by speculative excess along with ongoing pandemic concerns and the continued inability of US and global health systems to effi-ciently distribute vaccines. Expect these conditions to remain firmly in […]
