News and analysis
Week Ahead: OPEC+, RBA, BOC, and China CPI
Although this may be a light week for economic data, there are plenty of events taking place that could cause the markets to be volatile.
Non-farm Payrolls stronger than expected. Does that change the Fed’s plan?
Chances are that Powell and gang stick to the plan and only hike 50bps. However, that’s not to say that they can’t increase rates later if they deem it necessary.
Forex Friday: USD/JPY, EUR/USD, GOLD and YIELDS
In this week’s edition, we discuss the dollar, gold, yen and euro, and look forward to the week ahead.
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Two trades to watch: USD/CAD, GBP/USD
USD/CAD looks to US & Canadian jobs data. GBP/USD rally continues ahead of the NFP.
European Open: Currency markets pause for NFP, Equities pull back
Today’s NFP report is the main event for traders, and the consensus forecasts is for headline job growth to soften to 200k (261k previously), and the unemployment rate remain at 3.7%.
What’s next for the highly correlated assets of Gold and DXY?
As long as this correlation holds, traders can get clues as to where Gold may be headed based on the direction of the DXY.
US Core PCE lower in September; USD continues lower
If Core PCE continues to fall over the coming months, the Fed may end up hiking rates less than it expects, or even cutting rates before the end of next year.
US open: Stocks rise and USD drops as core PCE cools
US stocks are rising, building on yesterday's strong gains after core PCE eased to 5% YoY, down from 5.2%.
S&P digesting market’s (over)reaction to Powell speech
Perhaps the markets were not expecting the Fed Chair to explicitly imply that the FOMC will indeed hike by 50bps in December
Two trades to watch: DAX, USD/JPY
DAX rallies post-Federal Reserve Chair Jerome Powell's speech. USD/JPY falls to a 3-month low ahead of core-PCE.
European Open: Flash PMIs and US inflation on tap
The US dollar has continued lower overnight following Powell’s dovish comments, with US inflation data having the potential to extend or reverse some of its move.
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