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Retail sales increase on a nominal basis but slow on a real basis.
US CPI Inflation hit new four decade high in June, as Wednesday’s data showed, sparking aggressive market expectations for another outsized move on rates by the US central bank
A policy cannot deal with the supply shocks impacting the economy. Market participants are aware of this and will continue looking for a return commensurate with the heightened risk. In this environment of uncertainty, the price is still adjusting. Thus it seems, for the time being, they may have settled on "cash is king."
The central bank of New Zealand pressed on the tightening front, with another aggressive 50 basis points hike, but NZD/USD is little changed, as markets brace for another inflation update from the US
These are the 10 largest publicly traded companies in the world by market capitalisation as of 3 June 2022 in U.S. dollars (USD). Market cap is calculated by multiplying the number of the company's common shares outstanding by the market value of each share. 1. Saudi Aramco Saudi Aramco, or Saudi Arabian Oil Company, is the largest company in the world by market capitalization at US$8.9 trillion, although its publicly…
What Is The Fed Put? The so-called Fed Put is the widespread belief among investors that the U.S. Federal Reserve can be relied upon to intervene in the financial markets. Typically, it's believed that the Fed lowers interest rates or uses some other method of easing monetary policy, whenever stock prices fall by a certain amount, thus protecting investors from losses. The Fed Put gets its name from a Put…
NFP came in better than expected, albeit trending down. Other data hints at cracks forming in the job market. FXCM market specialists, Nik and Russ, discuss this further. The yield curve remains inverted and is in danger of steeper inversion as the Fed continues with its aggressiveness. Wednesday sees the CPI release, with markets forecasting a higher headline number than previous. RBNZ and BoC also feature on the calendar. Shifting…
The NFP print surprised to the upside. However, there are still some worrying signs.
Today's claims data shows degradation in the jobs market.
The Australian central bank stayed on its aggressive tightening path and delivered another rate increase today, in a decision that offered no surprises
Last week saw quarterly GDP contracts and PCE show signs of moderation. Moreover, manufacturing missed its forecast. All of a sudden, the narrative focuses on recession. Nik and Russ discuss if the Fed's focus will change in Q3. The RBA looks to deliver further hikes, and Wednesday sees the release of the FOMC's minutes from its June meeting.
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