• Key economic events and reports for the week ahead

    Monday, August 10, 2020 – JOLTs Job Openings (Jun)(USD).

  • Iraq Says it will Make Additional Supply Cuts, Offering Supportive Price Outlook

    Iraq said on Friday that it will cut oil production by another 400,000 bpd in both August and September to offset overproduction over the past three months.

  • Interim USD Strength Suggests NFP can be a Trigger for Stock Market Sell-off

    US Dollar oversold hit a 40-year high said Morgan Stanley on Friday, adding that it had changed its USD stance from “sell” to “tactically neutral”.

  • Is the July NFP Priced in? USD Price Action After ADP Reports Suggests it is

    As expected, the ADP report showed that dynamics of US employment in July was on the verge of depression: US economy gained only 167K jobs against the forecast of 1.5M.

  • Lackluster Performance of European ETFs Suggests Great Untapped Potential for EUR

    US bond yields tumbled to a new historical low on Tuesday as the Fed unexpectedly signaled its willingness to continue inflating stock market bubble in exchange for stability of credit markets.

  • Mfg. PMI Maintains General Momentum, but the Sector Continues to Lose Jobs

    The Markit and ISM manufacturing PMI reports released on Monday indicated another positive change in July comparing to June: the ISM index rose from 52.6 to 54.2 points, Markit PMI climbed to 50.9 points, finally leaving contraction zone.

  • EURUSD: Concerns About Risk-on Momentum Create Strong Case for a Pullback

    JP Morgan analysts believe that the time is coming for a pullback in equities.

  • Key economic events and reports for the week ahead

    Monday, August 3, 2020 – Caixin Manufacturing PMI (Jul)(CNY), German Manufacturing PMI (Jul)(EUR), ISM Manufacturing PMI (Jul)(USD).

  • Growth Forecasts Revised Lower as the Second Covid-19 Wave Takes its Toll

    The global economic outlook has deteriorated again amid accelerating incidence rate of Covid-19 and risk of repeated lockdowns, showed Reuters polls of more than 500 respondents.

  • EURUSD: Odds are Skewed to Extension of the Upside Move

    Eurozone recorded the worst drop of GDP in history in 2Q.

  • Review of the Fed Policy Meeting: More Downside Risks for USD?

    The Fed left policy parameters unchanged on yesterday meeting but reiterated “whatever it takes” mantra to bring activity back to pre-crisis levels.

  • Here is the First Sign US Recovery Enters Phase of Moderation

    Record-setting performance of the US economy in May and June appears to be coming to an end with time of disappointment creeping in.

  • New GOP Stimulus Plan Hints about Dovish Fedspeak in July

    The US Dollar regains some lost ground on Tuesday although gains are more akin to a technical pullback before July FOMC meeting which is due on Wednesday.

  • EURUSD: Next Stop at 1.15?

    EURUSD Analysis. This week focus in the US earnings season shifts from banks to the tech sector, but stock markets remains relatively resilient to headwinds of various intensity, whether it be the smoldering US-Sino conflict or far more serious accelerating daily gain in Covid-19 cases. Nonetheless, market sentiment and demand for USD are sensitive to […]

  • Key Economic Events and Reports for the Week Ahead

    Monday, July 20, 2020 – PBoC Loan Prime Rate(CNY). Tuesday, July 21, 2020 – RBA Meeting Minutes(AUD), Core Retail Sales (MoM) (May)(CAD). Wednesday, July 22, 2020 – Retail Sales (MoM)(AUD), Existing Home Sales (Jun)(USD), Crude Oil Inventories(Oil). Thursday, July 23, 2020 – Initial Jobless Claims(USD). Friday, July 24, 2020 – Retail Sales (MoM) (Jun)(GBP), German Manufacturing PMI (Jul)(EUR), Composite PMI(GBP). […]