As the busiest week of the current earnings season came to a close on Friday, stocks ended lower, pressured by signs of weakness from the very mega cap companies that, over the past year, boosted the market to new highs. Here are the key market moving factors for the week: The US The […]
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 […]
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 […]
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 […]
Bullion Analysis 15 January 2021 Downtrend traced at 1885 on 15 Jan 2021. | Alerted by us on 18.01.2021 and 28.01.2021 | Target price 1800 and 1732 achieved successfully on 01 March, 02 March and 03 March 2021. | Total pips encashed: 10,000+ | To receive trading analysis and trading algorithm signals in advance, contact […]
Time is running out for passage of additional US fiscal stimulus in 2020 as the year winds down and the holidays rapidly approach. Congressional parties hit a brick wall yet again, even with the scaled-down $900 billion plan, this time on conflict over employer virus liability. Each time the negotiations appear to be about to […]
December may normally be associated with everything slowing down as we ease our way into the festive period, but as with everything else in 2020, this is no normal December. Donald Trump is continuing to fight the election result and is going out swinging, Brexit talks are somehow still ongoing, the EU budget and rescue […]
