Tag Archives: market
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
NFP herding us to No Mans Land
Better industrial data out of China and the surprising ISM print in the US has every, already confused trader, becoming ‘more lost’ in whatever convictions they have left. At least we have the NFP crap-shoot still to come, that is bound to surprise. Continue reading
Hello September!
The markets this morning are clearly relieved to be done with the month of August which was a doozy for equities and commodities. On this first day of September, risk appetite has returned to the market as US stock futures are higher on the heels of Asian and European stock market gains. Continue reading
Risk Appetite Returns- For Now!
This morning global stock markets are higher, rebounding from 7-week lows. This has encouraged a bit of risk taking, but the question remains: how long will it last? US weekly initial jobless claims came in at 473K, besting analyst expectations of 485K and better than last week’s reading of 504K. While one week does not make a trend, the fact that this figure was not worse than expected is seen as positive. 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
Risk Aversion full steam ahead without the Yen
Traders are getting that stale taste in their mouth again. Investor aversion to risk and low liquidity has increased demand especially for the CHF this morning. With weaker global bourses and general investor uncertainty there is always a rising demand for ‘perceived safety’ and their trading strategies Continue reading
JPY intervention 15-years later
Verbal threats are never idle and we are hearing more and more of them from various interested parties. Continue reading
Bye-Bye Dollar!
This morning’s much anticipated Non Farm Payrolls report disappointed the market which sent the US dollar careening lower. While the unemployment rate held steady at 9.5%, this is probably more of a function of discouraged workers leaving the workforce. Continue reading
Record Low Rates Persist!
Earlier this morning, both the ECB and the BOE left interest rates unchanged. While this move was largely anticipated, comments from the ECB show that economic progress is being made; evidenced by better than expected factory orders in Germany. Here in the US, Initial Jobless Claims came in at 479K vs. an expectation of 455K showing signs that the employment picture is still weak and worsening. Tomorrow’s Non Farm Payrolls Report will be the rubber match and the ultimate decider of economic condition of the US Continue reading
QE2 is sinking the dollar
The world it seems is waiting for the Fed to cut rates. There is nothing yet carved in stone Continue reading