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There is a saying among equity traders: “As goes January, so does the year.” Meaning that if stock markets rise in January, typically the rest of the year will be positive. And vice versa. This is known as the “January Barometer”. So, given the ...
Next week, there are relatively few of the typically major economic events that could shift the dollar. But, the unusual circumstances the US is in means that there is another event that could push the greenback around. And the currency is likely to ...
The USDJPY is back in the 150 range, after a dramatic reversal from where it nearly touched the 150 handle. But it wasn’t thanks to anything the BOJ or Japanese authorities did. It’s just that the dollar got weaker even faster, thanks to US CPI ...
Last week, Fed Chair Jerome Powell surprised the markets a bit by insisting that the FOMC was not confident it had done enough to bring inflation down. This saw yields in US treasuries jumping higher and the dollar gaining strength. Most of the ...
The Yen got a boost yesterday after press reports suggested that the BOJ was moving towards ending its ultra-easing policy. But, it’s not surprising that many traders were a bit skeptical. It’s not the first time that the media had reported plans to ...
This week showed two important indicators that the energy supply sector in the world is under stress. On Monday, spot TTF jumped to the highest level since the winter. TTF is the trading code for the benchmark price of European natural gas. This was ...
Fed Chair Jerome Powell is expected to speak at the Economic Club of New York later today, and will probably deliver the last substantive comments from a Fed official before the next FOMC meeting. He will have to walk a tightrope as markets are ...
There has been a lot going on in the world lately to fill up headlines, so that some important things might be slipping through the cracks. That seems to be the case with the rise in US bond yields over the last several months that have come close ...
The recent escalation in the conflict between Israel and Palestinians started on Saturday, when markets were closed. That might have muted some of the impact on traders, as some of the initial fears of a broader conflict in the Middle East have not ...
After the markets get shaken around by major economic events such as the four largest central banks holding meetings, there is one final major risk event before the weekend. The flash PMIs generally don’t affect one currency in particular as much as ...
There is a pretty solid consensus that the BOE will hike when it meets on Thursday. But there is a major caveat for those projections: The UK will release its all-important CPI figures the day before the meeting. If inflation is considerably ...
Tomorrow is the start of the Fed’s pre-rate-decision blackout period, in which members of the FOMC won’t speak to the press. In anticipation of that, a bunch of them have done interviews at the end of this week. Investors have been keenly focused on ...
There have been two major events recently that typically would have led to bets that the loonie would get stronger. The price of Canada’s main export keeps rising, and the most recent inflation data shows an uptick. Why aren’t investors piling into ...
The much-anticipated gathering of central bank heads in Jackson Hole, Wyoming, is over, and the markets are expected to embark on a new trajectory. The event didn’t have any major surprises, unlike previous editions, but there was plenty to shake up ...
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Markets have been rattled this week by a series of news events coming out of China. On top of a series of disappointing economic figures, there have also been a resurgence in worries about the housing industry. China’s financial system is ...
There is a trove of data from the UK coming out this week, with two key data points that could be pivotal for determining how much the BOE will hike at its next meeting. After the GDP figures reported last week were better than expected, the ...
The consensus among analysts is that the UK will have managed to scrape out a very small amount of growth in the second quarter. Tomorrow sees the publication of the preliminary version of the data, which could be subject to revisions later. The ...
For so many countries, getting inflation down has been a real challenge. So, a bit of deflation might be seen as a good thing. But the opposite of inflation is also a problem for an economy. And the existence of deflation in a period when the ...
Japan will release some key data over the coming days that could provide some directionality for the JPY. The yen hasn’t been acting all that “normally” recently, as traders hang on comments from Japanese officials that might indicate intervention ...