Market Overview

The sight of the 272K new nonfarm job additions and the fastening wages growth above 4% on a yearly basis smashed the dovish Federal Reserve (Fed) expectations on Friday, and sent the US 2-year yield...

I start by talking about “one of the biggest contributing factors keeping this whole economy afloat” – the debt cycle. The government is racking up $1 TRILLION in new debt every 100...

Recent economic estimates suggest US growth has slowed compared with previous estimates, but today’s revised GDP nowcast for the second quarter still points to a modest pickup in output over Q1. The...

US CPI data and Fed to determine the dollar’s fate Will the BoJ signal that another rate hike is looming? Pound traders await UK employment and GDP numbers RBA hike bets shrink ahead of AU jobs and...

It is always interesting when commodity prices rise. The market produces various narratives to suggest why prices will keep growing indefinitely. Such applies to all commodities, from oil to orange...

CPI data for May will be released on 12 June 2024. US consumer inflation is cooling down slightly, but policymakers will need to see several more months of disinflation before considering loosening...

ECB cuts rates but outlook remains unclear Market is focusing on the US labour market data Weaker prints could open the door to a dovish Fed meeting Stock markets could suffer if there is an upside...

Today's NFP Data May Define the Gold Trend The gold (XAU) rose by 0.87% on Thursday as the US Dollar Index (DXY) weakened after a softer-than-expected US Jobless Claims report. Yesterday's Jobless...

As widely expected, the European Central Bank (ECB) announced a 25bp rate cut when it met yesterday, but raised its inflation target for this and the next year, warned that the road for easing...

ECB expected to follow in BoC’s footsteps and cut by 25bps Fed rate cut hopes rise despite upbeat ISM services PMI Dollar mostly steady, stocks surge higher ECB set to deliver this week’s second...

The data from the US yesterday was mixed: a softer-than-expected ADP read and a stronger-than-expected ISM services data marked the session. According to the data, the US economy added 152K new...

That America is mired in a crisis of competence appears to be yet another issue that can't be addressed directly as it might upset the narrative control that all is well and everything is getting...

A lot of the data and trends we’re seeing lately are making me more convinced that the signals are getting it right here and the markets are looking vulnerable. The most important relationship in the...

Credit card and auto loans are increasing the risk on bank balance sheets. The largest holders of these loans include JP Morgan, Citibank, and Capital One. You have to engage in due diligence...