NFP Preview: Will the Blowout ADP Reading Translate into NFP?
Background Every month, we remind traders that the Non-farm Payrolls report is significant because of how it impacts monetary policy. In other words, the Federal Reserve is the “transmission mechanism” between U.S. economic reports and market prices, so any discussion...
Sustainable investing: Beyond the tipping point
Sustainable investing has now reached a tipping point. Morgan Stanley’s bi-annual Sustainable Signals survey, published in May, interviewed 110 asset owners from North America, Europe and the Asia-Pacific region and found that the majority recognize that considering environmental, social and...
US productivity rebounds in fourth quarter as labor costs growth slows
U.S. worker productivity rebounded in the fourth quarter, keeping labor costs in check. The Labor Department said on Thursday nonfarm productivity, which measures hourly output per worker, increased at a 1.4% annualized rate last quarter. Productivity decreased at an unrevised...
Stocks to Continue Record Runs, Dollar Firm With Aussie
Markets continue to stay in risk on mode today, with US futures point to more record highs. There is some lift by news that China will halve tariffs on some US imports. Also coronavirus continues to be off investors’ mind....
US weekly jobless claims drop to a 9-month low
The number of Americans filing for unemployment benefits dropped to a nine-month low last week, suggesting a tightening labor market would continue to support the economy this year. Initial claims for state unemployment benefits decreased 15,000 to a seasonally adjusted...
US 30 Index Extends Bullish Pressure; All-Time High at 29,528
The US 30 index is looking strongly bullish after surging above its daily moving averages (MA) on Monday. Prices hit a record high of 29,528 earlier today and the technical indicators are all pointing to further positive momentum in the...
USD/JPY Outlook: Steep Ascend Extends into Fourth Day But Faces Headwinds at Psychological 110 Barrier
The pair maintains firm bullish tone for the fourth straight day as dollar enjoys support from easing virus fears and China’s cut of tariffs on US imports. Strong rally from Monday so far advanced 1.2% and broke above Fibo barrier...
The man once dubbed ‘Britain’s Bill Gates’ could be one step closer to a US jail
Mike Lynch, former chief executive officer of Autonomy Corp departs the Rolls Building on June 27, 2019 in London, England. Dan Kitwood | Getty Images Mike Lynch was once described in U.K. media as “Britain’s Bill Gates.” Now the entrepreneur...
FX execution management systems: room for improvement
FX execution management systems (EMSs) have generally stood up well during the coronavirus pandemic, not least because of their ability to deploy algorithms during periods of high volatility. But according to research by The Finance Hive, a networking organization, North...
How Is Europe Growth Looking?
European growth forecasts on tap The European Commission is scheduled to release its economic growth forecasts for the region today, and those will likely determine the direction for the Euro in the near term. While data has been showing some...
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