Technical

It’s increasingly evident that the market is taking the weaker labour market data as good news for inflation and the soft-landing scenario. In fact, last week we got many big misses heading into the NFP report, but the US Jobless Claims…

This first half of the week was highlighted by big misses in the US economic data like Job Openings, Consumer Confidence and ADP. These might be the first signs that a recession is indeed on the horizon as the labour market is starting to…

EURUSD: The EURUSD is up testing at 100-day moving average. The last 3 tests of that moving average have found willing seller's. That moving average comes at 1.09258. It will be a key barometer for the pair in the short-term. Move above is…

US:The Fed hiked by 25 bps as expected and kept everything unchanged.Fed Chair Powell reaffirmed their data dependency and kept all the options on the table.The US economic data keeps on surprising to the upside, but inflation expectations…

The selloff that started at the beginning of August is starting to show signs of weakness. Although nothing changed fundamentally, the Dow Jones started to range as the market was just probably overstretched. This looks more like a…

The Fed is waiting for the totality of the data to be released before deciding what to do at their September meeting. As of now, the data supports the soft-landing narrative as the disinflation in the core measures continues but the…

The US economic data keeps on showing a resilient economy and as a consequence the higher for longer stance becomes more and more certain which is making Treasury yields to rally. This has been supporting the USD as we’ve been seeing a…

The Fed yesterday hiked interest rates by 25 bps as expected and kept the policy statement unchanged. This outcome was already priced in, and the market was more interested on possible hints from Fed Chair Powell regarding the next policy…

The miss in the US CPI saw the US Dollar being sold off hard across the board as the market expected the end of the rate hike cycle after the July meeting. The US data though kept on surprising to the upside and this has led the market to…

© Reuters. US Treasury Secretary Janet Yellen is greeted by Bank of Vietnam Governor Nguyen Thi Hung in Hanoi, Vietnam on July 20, 2023. REUTERS/Thinh Thien Nguyen Written by Andrea Shalal WASHINGTON (Reuters) - The United States and…