• The greenback edged higher during the Asian morning Friday, after the US Senate approved a budget blueprint for 2018, via a 51-49 vote. This is seen as a first step towards the Trump...
• In the UK, inflation and wage growth data could play a major role in shaping market expectations regarding whether the BoE will hike rates at its upcoming meeting in November.
• Today, the main event will be the release of the minutes from the FOMC’s September policy gathering, where the Committee kept interest rates unchanged and announced it will begin to reduce the...
• The British pound opened with a positive gap yesterday, and continued higher for most of the day, recovering some of the losses it posted last week. The move came as the Office for National...
• Nonfarm payrolls came -33k in September, from an upwardly revised 169k in August, data showed on Friday. Even though the NFP number appears extremely low, the weakness was attributed mainly to...
• In the US, the minutes of the latest FOMC gathering may shed some light as to whether the Committee as a whole is indeed as optimistic as the “dot plot” would lead us to believe.
• In the US, all eyes will be on the all-important US employment report for September. The forecast is for nonfarm payrolls to have risen by 90k, less than the 156k in August. Even though this...
• The US dollar managed to regain some ground yesterday, following a stellar ISM non-manufacturing PMI for September, and a decent ADP employment report. The ISM print rose to 59.8 from 55.3...
• The US dollar pulled back somewhat yesterday alongside US treasury yields, while all major US equity indices closed at fresh record highs. Although the fundamental reason is not clear, market...
• The RBA kept its policy unchanged today, as was widely anticipated. The statement accompanying the decision was relatively optimistic on the economy, acknowledging the strong GDP growth in Q2...