• 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.

  • Top Trump Moments This Week

    As the US presidential elections draw ever nearer, it seems that pressure on Donald Trump is causing him to move deeper into the shock-and-awe tactics which made him so attention worthy during the course of his first election campaign. Over a presidency marred with controversy and scandal it seems that Trump has lost little of […]

  • 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.

  • The Crude Chronicles – Episode 50

    Oil Traders Reduce Longs The CFTC COT institutional positioning report shows that traders reduced their net long positions in WTI markets last week by 16,307 contracts, taking the total position to 532569 contracts. This latest adjustment in positioning reflects the loss of upside momentum in oil markets over recent trading as growing negative risks emerge. […]

  • BOE Discussing Negative Interest Rates in The UK

    BOE Leaves Rates Unchanged The Bank of England left its monetary policy levels unchanged at its August MPC meeting yesterday along with a message that the downturn is likely to be less severe than initially thought.  However, the BOE was clear that the downturn in the UK was worse than the downturn seen in rival […]

  • 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.

  • Surprise Fall in New Zealand Unemployment Rate

    Unemployment Rate Beats Forecasts In a data release which has bucked the trend seen across the G10 recently, as well as confounding the New Zealand government’s own forecasts, the unemployment rate there fell back to 4% in the three months to June. Data release overnight from government agency Statistics New Zealand marked a decline in […]

  • Bank of England To Signal More Stimulus?

    BOE Meeting Due Tomorrow The Bank of England’s August MPC meeting, due tomorrow, is taking on a great deal of focus as the recovery effort continues in the UK. With most sections of the economy having at least partially re-opened now, the BOE is hoping for a smooth, gradual recovery, which relies on avoiding any […]

  • 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.

  • RBA Keeps Rates Unchanged In August

    Rates Unchanged At its August monetary policy meeting held overnight, the RBA kept interest rates on hold at record lows of 0.25%. The unchanged announcement was broadly expected though risks of a further rate cut were heightened after governor Lowe suggested last month that rates could be cut to as low as 0.10%. Downturn Not […]

  • 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.