Yen Crosses Followed Yields Higher Against, Loonie Rode on Oil
Yen was once again sold off broadly last week, following late rally in treasury yields despite disappointing US job report. Resilience in overall risk appetite also kept the Japanese currency pressured. Meanwhile, Euro followed as as distant second worst on...
Weekly Economic & Financial Commentary: Another Disappointing Employment Report
Summary United States: Another Disappointing Employment Report September’s disappointing employment report, which showed employers adding just 194,000 jobs, once again highlights the supply-side challenges facing the United States, as labor is in short supply and there are widespread shortages of...
The Weekly Bottom Line: Strong Jobs Report Caps Week With A Bang
U.S. Highlights This week, Congress continued to bicker over the debt limit. Fortunately, both parties were able to come to an agreement that would lift the limit temporarily, kicking the can down the road. The September employment report was underwhelming...
Week Ahead: Earnings Season Begins, China Escalations Continue, and the Jobs Report Has Past
Earnings season is always a big deal for the markets; however, this earnings season will be particularly noteworthy. As many analysts and economists feel that growth may have peaked over the summer, Q3 earnings will be closely watched for earnings...
NFP Recap: Big Miss; But Was It Really That Bad?
Non-Farm payrolls released earlier today showed that the US added +194,000 jobs to the economy for the month of September vs an estimate of +500,000. The Unemployment Rate for September dropped to 4.8% from 5.2% in August and Average Hourly...
Silver – Another Failed Breakout?
Or more to come? Are we about to see silver break out of the descending channel and bring an end to months of a downtrend? The charts suggest we probably aren’t. Silver has rallied over the last week or so but today it’s run into significant...
Week Ahead – Fed Minutes and Inflation in Focus
A busy week in store Another fascinating week in the markets and there’s little reason to think there isn’t plenty more to come in the final months of the year. Russian President Vladimir Putin calmed investor nerves this week, reassuring...
Strong wage gains cast doubt that inflation is going away anytime soon
September’s wage gains provided more fuel to the argument that the current pace of inflation could run longer than many economists anticipate. Average hourly earnings rose 0.6% for the month, making the year-over-year increase 4.6%. Over the past six months,...