Fed

The Nasdaq 100 is at 14-month highs after the headline NFP reading beat expectations for the 15th straight month, coming in at 339K vs. just 193K eyed

The next major hurdle for the US dollar and the economy will be Friday’s NFP reading, which is expected to show nearly 200K net new jobs and wages to rise at 0.3% m/m

USD/JPY remains in a bullish short-term trend, with room to extend its rally toward 142.00 before encountering meaningful resistance...

EUR/USD and DAX traders are digesting the differing monetary policy assessments from the Fed and ECB this weekend.

Instead of looking for an NFP reading that’s “good enough to keep the Fed raising interest rates,” US dollar traders will shifting their focus to watching out for data that is “bad enough to prompt rate cuts.”

Powell appears to be threading the needle between leaving the door open for additional rate hikes while remaining responsive to the current banking stresses.

Ahead of the Fed, the US dollar has generally fallen vs. the euro this year, but there are signs EUR/USD may be losing its bullish momentum after a failed breakout to 1-year highs.

The US dollar is testing longer-term support and could see a bounce on a decent NFP reading

Some officials and Fed watchers have suggested a 50 basis-point move should be on the table if inflation fails to slow...

There is nothing in these FOMC minutes that should keep the central bank from raising interest rates “higher for longer” if US economic data continues to come in stronger than expected.

It may have taken a few weeks, but markets are finally pricing in what we argued all along; a higher terminal rate and no cuts this year.

The US CPI report is now THE single economic release with the largest expected market movement, so traders should absolutely have this release marked with the bullet on their calendars.

One trader amassed a large position in options that would make $135 million if the central bank keeps tightening until September!

Markets are skeptical that the central bank will tighten policy enough to derail the economy, even if inflation remains stubborn.

Futures markets now tally with many Fed policymakers for the first time this year, accepting the Fed's "terminal rate" will be above 5%...

The USD pulled back yet mostly held on to its post-NFP gains in anticipation of a hawkish speech from Jerome Powell this evening.

Will this finally be the reading that shows signals the tight labor market is easing?