Week Ahead: Fallout from BOE and NFP; Focus on CPI
This week expect to see more follow through price action from Non-Farm Payrolls and the BOE. In addition, watch the data to see if inflation has peaked or continued higher. Last week, the US Non-Farm Payroll print of 528,000 more...
Danger ahead: The U.S. economy has yet to face its biggest recession challenge
You’d be hard-pressed now to find a recession in the rearview mirror. What’s down the road, though, is another story. Signal2frex reviews
Here’s where the jobs are for July 2022 — in one chart
There was an appetite for workers particularly in the service sector, which has been grappling with labor shortages. Signal2frex reviews
Forward Guidance: Soaring U.S. Inflation to Ease Off in July
U.S. inflation numbers are expected to edge lower next week, dropping to 8.8% in July. The slowdown (the reading was at 9.1% in June) comes after inflation hit record levels following more than a year of persistent supply chain pressures,...
Dollar Soars Broadly after All-Round Strong NFP
Dollar soars broadly, together with benchmark treasury yields, after an all around strong non-farm payroll report. At the same times US futures tumble, apparently on expectations Fed’s tightening pace will continue with such healthy job market. The greenback is now...
S&P500: Bear Market Rally or Return to Growth?
The S&P500 is at 4150, having returned to the rebound highs of late May. The direction of the breakout outside the 4100-4200 range will determine its future for the next days or weeks. In mid-June, the S&P500 halted its correction...
GBPJPY Tests Support Trendline; Bias Bearish
GBPJPY pulled back to test the support trendline at 161.00, which connects the lows from spring, after a failed attempt to pierce its 20- and 50-day simple moving averages (SMAs) around 164.00 on Thursday. From a technical perspective, sellers seem to...
USDCAD Holding Steady Ahead of Jobs Data
USDCAD shifted to the sidelines immediately after charting a new lower low at 1.2766 in the short-term picture, unable to reach the constraining 20-day simple moving average (SMA). The technical indicators state a bearish-to-neutral bias as the RSI keeps flattening...
EUR/USD Pair in a Fresh Upward Move above $1.0165
The Euro started a fresh upward move above the 1.0165 zone against the US Dollar. The EUR/USD pair climbed above the 1.0220 resistance to move into a short-term bullish zone. The pair climbed above the 1.0240 level and settled above...
Cliff Notes: Disparate Consequences of Global Fight Against Inflation
Key insights from the week that was. 50bp rate hikes were seen in Australia and the UK this week, with both central banks also signalling that additional tightening is likely to be required in the months ahead. However, the economic...