The US Economic Growth Exceeds Expectations
The new trading month started with the market participants focusing on Friday’s NFP report. Because the Federal Reserve of the United States has a dual mandate, one that focuses on both price stability and job creation, the way the labor...
RBA Preview – Delaying Taper and Downgrading Near-Term Growth Forecasts
We expect the RBA to postpone the tapering policy announced last month. It will also downgrade GDP growth forecast for this year and revise the unemployment rate higher. All the above changes are driven by the unexpected lockdown in New...
Nio delivered fewer cars than Xpeng and Li Auto did in July
The Li One electric car from Li Auto is displayed at the Moonstar Global Harbor shopping mall in Shanghai, China, May 10, 2021. Costfoto | Barcroft Media | Getty Images BEIJING — Chinese electric car start-up Nio, which has led...
Market Morning Briefing: Pound Has Fallen Sharply Unable To Test Or Rise Above 1.40
STOCKS Equities broadly retain their overall sideways range. While our bias remains bullish to see an upside breakout of the ranges in equities, a fresh trigger seems to be needed for that. Dow remains at the upper end of its...
Dollar Recovers Mildly But Key Events Lie Ahead
The market opened the month with mildly positive sentiment, with major Asian indexes trading higher. But there is little reaction in the currency markets. Commodity currencies are generally soft for now, with slight losses in particular in Kiwi and Loonie....
Utilities are struggling to keep the lights on as fires, drought plague California
A customer shops for groceries at La Tapatia Market during a blackout in Napa, California, on Wednesday, Oct. 9, 2019. David Paul Morris | Bloomberg | Getty Images The electric grid in the West is being tested like never before...
More Downside for Dollar and Aussie, Swiss Franc Outperforms
Dollar’s selloff caught much attention last week, but slowed towards the end. Traders are holding their bets for now, awaiting the coming batch of July data. Indeed, Australian Dollar was the worst performer, mainly on RBA QE expectations, and partly...
Weekly Economic & Financial Commentary: “Progress” Has Been Made, But Is It Enough To Taper?
Summary United States: Demand Continuing to Outstrip Supply Although the headline rate of Q2 GDP came in softer than expectations, part of that was due to supply chain problems as businesses had to draw down inventories to meet demand, resulting...
Week Ahead: BOE, NFP, and FAAMG Oh My!
There were two main highlights from last week: The Federal Reserve meeting and earnings reports from some of the planet’s most valuable companies. As we noted in our Fed recap, the central bank hinted at progress toward its goals for...
Stocks making the biggest moves midday: Amazon, P&G, Caterpillar and more
In this photo illustration an Amazon logo is displayed on a smartphone with stock market percentages in the background. SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Amazon — Amazon shares fell...
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