FOMC Minutes: Changes in Forward Guidance and Asset Purchases could Come in September
The FOMC minutes for the June meeting revealed that the members had rigorous discussion about forward guidance, asset purchases and yield curve caps/targets. We expect the framework review will be completed this month, allowing the Fed to announce changes in...
As the coronavirus pandemic persists, here’s one encouraging sign for Chinese exports
Employees make face masks on a production line at a glove factory, which has started producing face masks as overseas orders for masks at an all time high amid the coronavirus outbreak, on May 16, 2020 in Shenyang, Liaoning Province...
GM, Fiat Chrysler U.S. auto sales tank in second quarter as coronavirus saps demand
Cars sit in a dealership lot on the first day that dealerships are allowed to open to the public on May 20, 2020 in Linden, New Jersey. Spencer Platt | Getty Images U.S. vehicle sales in the second quarter for...
17.6 million unemployed Americans probably won’t return to their pre-pandemic jobs
Just over 1 in 10 Americans who are out of work because of the coronavirus pandemic don’t have a good chance of getting called back to their old jobs, according to recent research from the Economic Policy Institute, a left-leaning...
Technical alerts on USD/JPY and EUR/JPY
Using the “technical Insight” research tool under the Market Analysis tab, we have identified bullish technical events on the USD/JPY and EUR/USD Both currency pairs confirmed a moving average crossover on a daily chart. Price Crosses Moving Average (21-day). This...
Nonfarm Payrolls: A Battle Between Risk Taking and Safety
The ISM manufacturing PMI is due today at 14:00 GMT and June’s Nonfarm payrolls will be released on Thursday, a day earlier than usual, at 12:30 GMT as US markets will be shut on Friday for July 4th celebrations. While...
USD/JPY Outlook: Strong Bearish Acceleration after Bulls Got Trapped is Generating Negative Signal
The pair fell sharply on Wednesday after attempts to extend five-day rally were strongly rejected and bulls got trapped above daily Kijun-sen/50% retracement of 109.85/106.07 fall (107.96). Fresh weakness is also forming bearish engulfing which could add to negative signal...
Will Fed Put Prevent a Correction?
The stock market has really lost its spark these last few weeks and once again we’re seeing indices coming back towards the recent lows. Growing unease around the success of the reopening process is no doubt fuelling much of this,...
Euro Tumbles in Indecisive Markets, Mildly Risk-off
Markets continue to trade in rather indecisive mode today. DOW futures point to mildly lower open, following European stocks, and is getting not support from solid ADP job data. Yen appears to be rebounding but it’s kept well above near...
June private payrolls rose 2.37 million and there was a big positive revision for May, ADP says
Companies in June continued to bring workers back from their pandemic furlough as the national economy slowly came back to life. Private payrolls grew by 2.369 million for the month, a bit lower than the 2.5 million expectation from economists...
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