Heading into Wednesday’s Federal Reserve meeting, short-term interest rate markets expect no change from the current level of 5.375%. So, the question is going to be if the Fed changes…
US rate markets are super sensitive right now to labour data. The reason for this is that a strong labour market is seen as inflationary for the US economy and…
Gold price movements are heavily influenced by the path of the US dollar and the movement of US Treasuries. The movement of both the US dollar and Treasuries is dependent…
On Tuesday, UK labour data is due to be released. It is likely to be the key focus for GBP traders as the Bank of England has started to turn…
It’s hard to think the US is heading into a recession when the jobs market is so strong. That’s been the Federal Reserve’s problem, so it has constantly stressed the…
Gold has been gaining this week on a miss in the US JOLTS job openings print and a miss in the US consumer confidence print on Tuesday. A slowdown in…
Over the last weekend, at the Jackson Hall symposium, we heard from ECB’s head, Christine Lagarde, who reminded markets that the ECB remains on a meeting-by-meeting approach. The next significant…
On Wednesday, we will see the European PMI prints for August. The usual split is expected between manufacturing and services data with manufacturing data expected to come in worse than…
In a quiet calendar week, the US PMI prints are likely to receive more focus than normal ahead of the Jackson Hole symposium at the end of the week. Investors…
The US Core PCE is the Fed’s preferred measure of inflation. This means that it will be highly influential for the Fed with regard to the ultimate terminal rate. The…