Market Overview

Pagliacci (Clowns, 1892) is an opera in a prologue and two acts with music and libretto by Ruggero Leoncavallo. The play tells the tragedy of a jealous husband and his wife in a commedia dell'arte...

The S&P 500 hit its 46th record high of the year on Monday, defying the recent and uncomfortable combination of stronger-than-expected jobs and higher-than-expected inflation numbers that hint...

Crude oil and AUD struggle on vague Chinese stimulus measures Reports suggest Israel may not attack Iranian oil assets, sending crude sharply lower Overview Already on the backfoot thanks to a lack...

China announces more stimulus details but no word on size of package Attention turns to week’s other events as stocks unimpressed Euro and pound flat as ECB decision and UK CPI awaited China...

Gold and bitcoin have not been overly correlated with any market over the past month Given the quiet data calendar this week, price signals may be more useful when assessing potential trade...

ECB meets on Thursday; markets expect a 25bps rate cut Lots of reasons for a pause, including the lack of staff projections But the ECB might choose to avoid disappointing the markets The euro could...

Gold Rises by 1% on Weaker-Than-Expected US Data Gold (XAU/USD) rose by 1% on Friday as the US macroeconomic data revealed weaker-than-expected figures. The US Producer Price Index (PPI) for final...

Corporate insiders are about as bearish on the future prospects of earnings and stock prices as ever before. And there is plenty of evidence suggesting inflation remains sticky. Certainly, it’s...

Companies aren’t so worried that they’re letting a lot of people go, but they’re also not so confident that they’re hiring a lot of people. This post, an excerpt from my new Bloomberg Opinion piece,...

Another week and more disappointment for market participants eyeing rate cuts from the Federal Reserve. A slow start to the week with a lot of rangebound price action through to Thursday afternoons...

The Bureau of Economic Analysis (BEA) recently released its second-quarter GDP report for 2024, showcasing a 2.96% growth rate. This number has sparked discussions among investors and analysts,...

Gold Grows Despite the Higher-Than-Expected US CPI Data Gold (XAU/USD) reversed on Thursday midafternoon, following four consecutive bearish trading sessions. Although the US dollar (USD) rose after...

Jobless claims contradict the stronger CPI report Fed’s Bostic talks about a November Fed pause Dollar trades sideways as the market still expects a November cut Oil and gold in the green, pound...

The CPI report came in hotter than expected for the headline and core CPI metrics. CPI swap pricing did a good job of predicting the headline inflation rate. As a result, yesterday’s report has led...