• Key economic events and reports for the week ahead

    Tuesday, July 14, 2020 – Manufacturing Production (MoM) (May)(GBP), German ZEW Economic Sentiment (Jul)(EUR), Core CPI (MoM) (Jun)(USD).

  • Car sales in China Jump Higher Thanks to Stronger Domestic Demand for Commercial Vehicles

    Car sales in China in June rose 11.6% year-on-year to 2.3 million units, according to China Automobile Manufacturers Association (CAAM).

  • US Labor Market on Steroids – How long will that last?

    Market bears decided to find a pressing point of stock buyers before the weekend amid a release of worrying US employment data.

  • USD Index: Focus on Signals from the Fed and Congress

    Exports and imports of Germany, the biggest economy of the EU, indicated an improvement in May compared with April.

  • Fed’s Bostic hints next leg of sharp M2 expansion may be around the corner, Gold breaks $1800

    Gold futures climbed above $1800 level after one of the architects of the Fed’s current monetary stance, Rafael Bostik, made a less optimistic assessment of the US economic recovery than Fed Chairman Powell.

  • Big Surprise from ISM Data Stokes Inflation Concerns in the US

    European markets trimmed Monday gains, USD recovered some lost ground after yesterday sell-off as the uncertainty remains high associated with the partial reinstation of lockdown in the United States.

  • Key economic events for the week ahead

    Monday, July 6, 2020 – Construction PMI (Jun)(GBP), ISM Non-Manufacturing PMI (Jun)(USD).

  • US Senate Approves Another Hong Kong Related Bill, Sparking Concerns About US-China Relations

    The US Senate unanimously approved a bill on Thursday on sanctions against banks doing business with Chinese officials who are introducing Beijing’s new tough national security law in Hong Kong.

  • June NFP report: Returning Workers Back is one Thing, it’s Another Thing to Keep Them

    So yesterday we saw another big surprise in the US macro data: June Payrolls jumped 4.8M (3.2M exp), unemployment fell to 11.1%.

  • How Long will the Fed Keep Interest Rates low?

    The minutes of the Fed meeting in June showed that officials want to give more certainty to investors about the path of interest rates.

  • Gold Hits $1800 but Ultra-dovish Fed Suggests it isn’t the Limit

    Last week we discussed prospects of the Gold rally to $1800 level, which was successfully completed on Tuesday.

  • Fed’s Targeted QE Keeps Credit Markets Under Full Control

    Despite positive developments in the US economy since the start of lifting lockdowns, Fed Chairman Jeremy Powell reiterated his dismal warning on Monday: extraordinary uncertainty reigns in the prospects for economic recovery.

  • Will SPX Resume the Rally After the Storm of Covid-19 Headlines?

    On Monday, the struggle continues to unfold between positive macro data and signals of the “second wave” which can be challenging to dismiss.

  • Key economic events for the week ahead

    Monday, June 29, 2020 – Pending Home Sales (MoM) (May)(USD).

  • ECB’s Lagarde: EU Economy has Probably Bottomed out 

    EU probably went through the hardest phase of economic downturn caused by the pandemic, said European Central Bank head Christine Lagarde on Friday, while urging authorities to prepare for a possible second wave.