Market Spotlight: US Wage Growth in Focus
US Jobs Up NextOn the back of the FOMC meeting this week, today’s US jobs report will draw plenty of attention. However, instead of the headline NFP results, the bigger focus will likely be on wage growth data. With the Fed having pivoted to a smaller .25% hike this time around, and sounding more constructive […]
Daily Market Outlook, February 3, 2023
Daily Market Outlook, February 3, 2023Trifecta of Tech Disappointment Weighs On Risk Sentiment Ahead of NFP’sAsian equity markets took their lead from a late day slide on Wall Street as gains were conceded into the close of trade, although US markets ultimately posted solid returns on the day, they finished well off their best levels […]
Forex Market Impact: End of Emergency Spending Scheduled
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Market Update – February 3 – Freaky Friday???
“Assumed” CB Dovish Tone VS Big Tech Disappointment The ECB hiked rates and signaled another 50 bps in March, and more after that. The BoE also increased rates 50 bps but in a split 7-2 vote. A positive productivity report was good news for the Fed outlook, though jobless claims […]
Market Spotlight: Downside GBP Risks into BOE Today
BOE Up NextThe Bank of England meeting today will be pivotal for GBP. Concerns over the UK economy have become a prominent issue in recent months with widening industrial action, ongoing Brexit-related difficulties, covid disruptions and political instability all exerting downward pressure on GBP. The BOE’s tightening operations have added to the pressure for UK […]
Daily Market Outlook, February 2, 2023
Daily Market Outlook, February 2, 2023 A FED Plateau, Markets Pivot To ECB & BoEUS equity and treasury markets surged, as the FOMC delivered an expected 25bps rate move, the smallest increase since last March, while The Fed Chair maintained the stance that further hikes were likely, markets sensed that there is an impending plateau in […]
Market Spotlight: EURUSD Balloons on FOMC – ECB Up Next
Fed – ECB Divergence GrowingEURUSD exploded higher in response to the FOMC yesterday. With the Fed having pivoted further, opting for a .25% hike, there is now growing divergence between the Fed and the ECB. The Fed is now widely expected to bring its tightening operations to a close by the summer while the ECB […]
How Haircuts Affects The Investors and the Economic Market?
In the financial industry, a haircut is a value reduction made to an asset to determine the capital required, margin, and level of collateral. The difference between a loan’s principal and the asset’s market value will serve as collateral. This amount is given as a percentage. The lender must consider the shifting market price over […]
Market Update – February 2 – A Continued Battle of Wills
Stocks surged, Yields dove sharply, and the US Dollar slumped on Wednesday and they are holding their gains/losses so far today as well. The FOMC delivered the 25bp rate hike as expected, reaching 4.75%, an eighth straight hike. The moderation & the lack of anything new or overly hawkish from Powell’s comments and his acknowledgement of progress in the fight against inflation opened the door […]
Market Spotlight: Bullish EURUSD Opportunities into FOMC
Upside Risks for EURUSDLooking across markets for the best opportunities ahead of the Fed today, EURUSD looks like a solid setup for a long should USD weaken on the back of the meeting. If the Fed delivers a smaller .25% hike as expected and also scales back its rates outlook for the remainder of the […]