The Weekly Bottom Line: How Quickly to Raise Rates? That Is the Question

U.S. Highlights Total retail sales were flat in July, marking a deceleration from June’s pace. However, sales in the control group, which exclude several volatile categories and are used in calculating GDP, rose a sturdy 0.8% m/m. Housing continued to cool in July. Existing home sales fell 5.9% and the median seasonally adjusted home price […]

Forex and Cryptocurrencies Forecast

EUR/USD: Back to 1:1 Parity EUR/USD has been moving sideways in the 1.0100-1.0270 channel for more than three weeks. All attempts to break through its upper or lower border ended in failure. This movement continued until August 10, when, after the publication of data on inflation in the US, the pair went up sharply, turning […]

German PPI set the tone on Friday, PMIs and Jackson Hole this week

Market movers today The week starts out very quietly on the data front with no major releases on the calendar. The big focus this week will be the flash PMIs for August out on both sides of the Atlantic, the ECB minutes of the July meeting on Thursday and the Jackson Hole conference from Thursday […]

USD Up, Stocks Under Pressure as Attention Shifts to Jackson Hole

ANALYSIS | 8/22/2022 5:43:15 AM GMT Share on Twitter Share on Facebook Share on Linkedin Join Telegram The trading week kicks off on mixed sentiment. Last week marked the end of a four-week winning rally in the US stocks, and the new week starts with unpleasant new that drought in China’s Sichuan region will cause […]

Dollar Outpaced Peers Despite Relative Yield Disadvantage

Markets The core bond sell off last week lasted until the US close. Double digit UK inflation numbers, US retail resilience, hawkish messages from the RBNZ & Norges Bank and finally an avalanche of Fed comments all contributed to refocus on inflation dynamics and front-loaded tightening by central banks. It broke ranks with the core […]

Preliminary Global Manufacturing PMIs for July

For traders looking to see where the markets might be headed for the rest of the month, tomorrow’s data might be the sentiment catalyst. PMIs are the freshest data, and they are especially relevant now as investors grade the impact of central bank policy on the economy. If we get a rash of good PMI […]

Nervously Awaiting Jackson Hole

Stock markets are off to a bad start on Monday as investors question whether the recovery trade has gone too far. Last week brought an end to the late summer winning streak that saw stock markets recover a significant – and some would argue overly so – portion of the losses endured this year. And […]

Higher Core Yields in Risk-off Context Keeping Dollar in Pole Position

Markets: Inflation & recession fears are driving markets at the start of the new week. As was the case last week, the ‘bad news is good news for assets’-paradigm that facilitated a simultaneous rally in both bonds and equities during the mid-June/early-August era, doesn’t work anymore. On the contrary. Recent Fed (and ECB) comments ‘convinced’ […]

Euro Slides to 20-Year Low

It was a case of the Monday morning blues for the euro. The week started with EUR/USD falling below parity, a psychologically significant line. EUR/USD is currently trading at 0.9951, its lowest level since December 2002. The US dollar posted gains against all of the major currencies last week and pummelled the euro, which fell […]

How will Jackson Hole Meeting Affect Markets?

What will happen? Federal Reserve Chair Jerome Powell will give a speech during the Jackson Hole Symposium on August 26 at 18:00 GMT+3. Analysts expect to hear statements about the future of interest rates and get hints regarding quantitative tightening (QT) in the United States. Therefore, the Federal Reserve Chair has all the chances to […]