Market Overview

The markets are once again testing the Fed The Fed's forward guidance doesn't seem to be working anymore It may result in the Fed discussing further balance sheet reduction to tighten financial...

Wall Street responded relatively calmly to the latest US inflation data which showed a retraction mainly due to energy prices which now emboldens risk markets to assume the US Federal Reserve will...

DXY is a falling comet. EUR is a rising one. Thanks nice weather!   AUD is soaring versus DXY and grinding lower versus EUR and JPY:Oil can’t break its downtrend. Gold has:Base metals...

The World Economic Forum (WEF) delivered its Global Risks Report for 2023. Ahead of the WEF’s Davos meeting, the report runs down global challenges businesses and individuals will likely face...

Inflation cooled down to 6.5% in December, compared to consensus estimates of 6.5%, according to the new CPI print. Core CPI stood at 5.7%, while economists expected a 5.7% annual increase.Core CPI...

Recession forecasts are flying left and right lately, but the main pushback is the labor market. The growth rate for nonfarm payrolls is slowing, but gradually and the latest numbers for December...

Wall Street was able to continues its bounceback overnight as risk markets want to hope and pray that tonight’s US CPI print will actually show inflation slowing and force the Fed’s hand...

Fed Chair Powell did not push against the easing of US financial conditions when he ostensibly had an opportunity yesterday. This coupled with expectations of another decline in the US CPI, which will...

DXY support broke last night. EUR is on a tear:   AUD likewise broke out:Gold is running. Oil not so much:Base metals to the moon:Big miners (NYSE:RIO) not paused:EM stocks (NYSE:EEM) ran:Junk...

Asia Asian markets have also joined a bull market. After being mired in a downward spiral for most of 2022 due to fears about the economic toll that viral restrictions would take, the...

A solid start to the new trading week after the Friday night US jobs report which was headline good but showed underlying lower wage growth which the market thinks means less rate rises from the Fed....

DXY sagged with US jobs despite a good report. EUR is ripping your face off:   Everybody hates DXY and everybody loves EUR:AUD is griding lower versus EUR and at breakout levels versus DXY:The...

The December US jobs report aka NFP came and went on Friday night, and while unemployment went down with more jobs than expected, it was the lower wage growth figures that got markets excited. Wall...

December's CPI expected to show slowing inflation Q4 2022 earnings season begins with large Wall Street banks reporting Markets continue to focus on "bad news is good, good news is bad" theme Fed...