Last week most markets closed lower, and US 10-year bond Yields rose towards 4%, while this week, eyes will be on EU inflation numbers. Last Friday, the January US core PCE price index recorded 4.7% year-on-year, above the 4.3% market estimate and 4.6% in December. On the monthly scale, prices rose by 0.6%, exceeding market […]
More signs for the next moves! We can determine the central banks’ following possible decisions with the varied data we will have this week. US Consumer Confidence and Durable Goods orders, Eurozone inflation, and PMIs from the US, UK, China, and Europe make it essential this week, while with better-than-expected Markit PMI numbers last week, […]
To see what we should wait from the US economy, we must watch the Fed and the US government’s monetary and Economic policies. About the Fed, it is expected to raise the rate by another 50 basis points before going on hold till the end of the year. With 25 bps in February and another […]
PMI and other economic data show that economic activities have decreased in recent months. At the same time, we cannot see the direct reflection of these data on the Labor market, which likely means that we will have a delayed response than saying the economic condition is good. While Wednesday’s published JOLTs Job Openings for […]
US futures raised on Monday and continuing that on Tuesday so far, while we are waiting for a busy week with Fed minutes on Wednesday and NFP numbers on Friday. On the other hand, investors and traders will watch the Purchasing Manager Index across the week from the most developed economies. USD index Key pivot […]
The year ends with mixed data! Merry Christmas! We hope you receive one blessing after another this coming year! While we will have the last week of this year, that mixed data confused investors and market participants. They are mixed because some parts of the data show improvement despite disappointments in other sectors in the […]
The last NFP of 2022! After a shortened and light week that we had because of the Thanksgiving holidays, the week ahead will be a huge week with too many events and news to watch closely. With US NFP numbers we can guess what we have to expect from the next Fed meeting, Chinese PMI […]
US futures trading a bit higher to compensate for previous losses after testing recent two-month highs. In the last few days, most of the US Federal Reserve emphasized continuing interest rate hikes, while the US bond yield curve signaled a recession. After recent comments from Fed officials, US two-year bond yields rose towards 4.50. While […]
After almost four weeks of decreasing, the USD index trying to get its strength back, as US economic data downplay the less hawkish expectations. While after falling US inflation market was betting on lowering the pace of rate hikes in the next Fed meetings, EU inflation, US retail sales, and employment data, reminded the need […]
The US reported October retail sales on Wednesday. With the promising numbers that we had, we could see that retail sales could outpace the monthly rise in prices for the first time in several months. As it was expected, Retail sales rise by 1.3%. Core retail sales also raised by 1.3% in October, which is […]
With the Fed meeting on Wednesday, November 2, the US dollar experienced heavy volatility last week, while this week also fluctuations can be even more intense. We already had mid-term elections and now waiting for results, while Fed speakers across the week are supposed to give us more details about their future plans. Last week […]
Economic data and US election After publishing most of the earnings reports, the employment report, and the Fed meeting, we realized that the economic condition in the US is not bad, but a soft downward is started. In the week ahead, inflation fears, and speakers from Fed and other major central banks, in line with […]
The new week started with PMI numbers from major economies, with lower-than-expected results. French manufacturing PMI in October at 47.4, was the lowest since May 2020, while the initial value of the service PMI recorded 51.3, approaching 51.0, which was seen earlier in August this year. In Germany, October manufacturing PMI hit a 28-month low […]
IMF and the world bank meeting with some other financial institutes from around the globe started today, October 10, and will continue for the next six days. On the first day, a comment from World Bank’s Malpass, and IMF’s Georgieva increased the market risk level to put more pressure on the stock markets, as they […]
According to the Institute of Supply Management (ISM) report, Non-Manufacturing Purchasing Managers’ Index (PMI) (also known as the ISM Services PMI) in September, declined modestly to 56.7 from 56.9 in August, but it is still way better than 56.0 expectations, and still consistent with expansion in the sector. The ISM Services Index declined modestly in […]
Economic data released last week and this week so far, show that the economy in the US is strong enough to withstand more hawkish policies. These data also presented an overall optimistic economic outlook, that helps the US dollar, especially when we can see much more weakness and risks in other major economies, mostly in […]
