Gold Surges, Oil Stays Resilient, Stocks Choppy as US Data Shows No Signs of Transitory Inflation
Just like William Shatner, US stocks went on a wild this morning. Wall Street took a brief break to watch Star Trek’s William Shatner, a 90-year old legend set a record in space with a Blue Origin spaceflight. The S&P...
The Dollar Index Hit A Year High, The Focus Today Is On Inflation Data And The Publication Of FOMC Minutes
The US stock market declined on Tuesday. At the close of the stock market, the Dow Jones index decreased by 0.34%, the S&P 500 index decreased by 0.24%, and the NASDAQ Composite lost 0.14%. US Fed officials Bullard, Bostick, and...
Sentiment Hushed as Durable Dollar Climbs with Yields
Markets look for clues in JOLTS data and FOMC speeches The current market picture is one of stubborn inflation, rising yields, and expectations of a nearing Fed announcement of the taper timeline, specifically in the November FOMC meeting. Global...
Down, Down and Away for the Yen?
The Japanese yen has taken a pause from Monday’s slide. Currently, USD/JPY is trading at 113.44, up 0.10% on the day. Yield differentials send yen tumbling The Japanese yen had an awful start to the week. USD/JPY climbed 0.98% on...
Pound Edges Higher on BOE, Job Data Next
The British pound has started the week with modest gains. GBP/USD is currently trading at 1.3636, up 0.16% on the day. In the US, a highly-anticipated nonfarm payrolls report proved to be a major disappointment. The economy added just 194...
Jitters Remain at the Start of the Week
Stock markets have started the week a little mixed, as nerves persist around the large list of downside risks for the global economy. While the focus recently has shifted from Evergrande to the energy crisis, it’s arguably the slightly lesser...
USDJPY Bullish Momentum Gains Steam After NFP Data
US stock futures were little changed in early trading as investors wait for the upcoming earnings season that kicks off this week. Companies that will publish their results this week include the Bank of America, JP Morgan, Blackrock, and Citigroup....
Forex and Cryptocurrency Forecast for 2022 NEW!
Currencies forecast. EUR/USD: First Down, Then Up The global economy is recovering from the effects of the COVID-19 pandemic, and this process will continue in 2022. At least. The forecast for global GDP growth of 6% is maintained this year....
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...
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