Page 2 of 55
The jobs data on Friday has affected the real yield and this, in turn, has filtered through to other instruments. The non-farm employment change printed at 150K, which was lower than the 178K expected. Moreover, the previous print was revised lower to 297K. Average hourly earnings m/m were also lower than anticipated at 0.2% (0.3%), whilst the unemployment rate crept up to 3.9% from 3.8%.
Watch today’s US Open for insights the two consecutive rate holds by the Bank of England and the US Fed, AMD’s return to revenue growth, key incoming events and more
Yesterday, the Federal Reserve kept interest rates on hold for a second consecutive meeting. Chair Powell recognised that inflation is slowing as opposed to emphasising how strong growth has been. Whilst keeping the door open for further hikes, there is a strong possibility that this rate hiking cycle has peaked. As such, the real yield dropped yesterday by 7.5% to close at 2.32%. It has dropped further today and is…
The US central bank refrained from raising rates for second time in a row on Wednesday, with a dovish tilt in its rhetoric, despite strong economy, tight labor market and elevated inflation
Watch today’s US Open for insights on the new YCC tweak by the Bank of Japan, the further deceleration of price pressures in Eurozone, key incoming events and more
The BoJ continues on the slow path to normalization of is ultra-accomodative policy setting, as it further loosened its grip on the yield curve control on Tuesday and raised its inflation forecasts
Watch today’s US Open for insights on the rate hold by the European Central Bank, the impressive Q3 results of Meta Platforms, key upcoming events and more
Bond yields may be near their peak or may have already peaked. If so, and the path of least resistance is down, there are ramifications.
Watch today’s US Open for insights on the US yield moderation, the oil industry’s M&A activity, incoming earnings from tech giants like Meta and more
Watch today’s US Open for insights on the strong Q3 results from Netflix and the disappointing report from Tesla, UK’s sticky inflation and more
Less than a month after the Bank of England had paused its tightening cycle, emboldened by progress on price pressures, today’s data showed that inflation is sticky, keeping further tightening in play
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.