Tag Archives: government
NFP or Russian Roulette anyone
It’s like attending a bingo session. All eyes will be down waiting for the highly anticipated employment print this morning. Will this week’s ADP report translate into a much weaker jobs number? Continue reading
Lack of Confidence in the FED would never happen almost never
Month end flow beats logic, even option expiries and market fix’s beat logic. Yesterday’s stronger US data wilted in its glory as individuals eager to accumulate EUR’s waited in the wings. Stronger manufacturing data out of China and Australia last night is yet to convince the market to go all-in before we get to see the employment data in the US Continue reading
FED to mimic the BOJ
The FOMC is prepared to provide additional monetary accommodation through unconventional measures if it proves necessary, especially if the outlook were to deteriorate significantly. ‘Significantly’ is so subjective when you own a depreciating asset like a house, mortgaged to the hilt and are still unemployed. Let’s hope whatever Bernanke and Co Continue reading
All Eyes On Jackson!
As in Jackson Hole, WY, where the annual KC Fed Meeting is taking place and where Fed Chairman Bernanke is due to speak at 10AM EST. So the markets have been trading in a bit of a range going into that meeting and the revised US GDP figures, which are due out at 8:30 AM EST. Earlier in the UK, revised GDP figures came in slightly higher than expected and growing the most since 2001, as construction spending was higher. Continue reading
Risk hinges on Helicopter Bernanke
Does he seize the moment? His fifteen minutes of infamy? Nope, it will be nothing that exciting, but he is sure to have an impact. Continue reading
Noda Yen for me thank you
Its fear that is driving capital markets, the kind of thing that may reinforce the idea of a double-dip recession, not fundamentals or technical’s. An Irish downgrade three-months ago would have sunk the EUR, instead the German Ifo survey rising to a three-year high this morning, is tentatively convincing the market that ‘their’ economy will not lose as much momentum as believed Continue reading
Raise Rates Now!
Or so exclaimed BOE policy maker Andrew Sentence, as the lone dissenter of the UK Monetary Policy Committee. The minutes from the rate policy meeting were released and were surprisingly hawkish, as the committee was “surprised” by recent economic strength and the fact that inflation has remained above the government target of 3%. The market will be closely watching economic data coming out of the UK in the ensuing weeks for signs that UK economic strength may bring about a rate hike at the next meeting. Otherwise, today is largely devoid of market-moving news. Yesterday the US stock market rallied after last week’s sell-off on the back of good corporate earnings and decent economic data. The Nikkei followed suit overnight, but the Yen broke from its usual inverse correlation, and is actually sporting strength this morning. So a pullback or pause after yesterday’s rally would not be uncommon, but there is little news that would cause a sentiment shift. Continue reading
Discipline trading required as the EUR grinds higher
Without the US consumer on board, economic recovery looks vulnerable. Yesterday’s falling consumer confidence print and the growing likelihood of a double-dip in house prices is shaping up for US GDP growth to slow in the second half of this year Continue reading
Consumer Confidence Falls But Wall Street Goes to the Bulls
With the release of today’s consumer confidence report, there appears to be a growing “outlook gap” between institutional investors, and the average consumer. Continue reading
US double dip indicators to remain strong
This morning, US housing starts are expected to show a further fall-off in demand after the expiry of the homebuyer’s tax credit. Without the US government’s artificial support, the housing market is struggling to stand alone Continue reading