Federal Reserve Chairman Jerome Powell’s two days of congressional testimony calmed some investors’ nerves while bewildering others last week. Since 2015, the fed funds target rate have moved only one direction — up — after nearly eight years of a 0%…
An unexpectedly strong U.S. jobs report presented 224,000 new non-farm jobs in June, compared with the 165,000 predicted by economists’ consensus, ticking up to a 3.7% unemployment rate as more people were seeking work. This might be good news, but…
The U.S. June unemployment report will take the spotlight on Friday; it is the last major unemployment data point the Federal Reserve will receive until its July 30th-31st meeting. A weak report, where the increase in payrolls falls below 100k, as it…
U.S. Treasuries, Equities, and Oil prices all are pointing to a higher open this morning. Jerome Powell, Fed Chairman, will speak at the Council on Foreign Relations in New York City on Tuesday with the main event kicking off on Friday…
Central banks around the world will deliver their monetary policies this week including the Federal Reserve, the European Central Bank, the Bank of Japan, and the Bank of England, along with central banks in Norway, Brazil, Taiwan, and Indonesia. First up, all eyes will be on the Federal Reserve who…
RISK-ON sentiment overnight after the Trump administration held off plans for punitive tariffs on Mexican imports. Equity futures and rates higher across the board. USD higher against the euro and pound. The 10-year U.S. Treasury note is trading 6.2bps higher…
The RISK-OFF sentiment continues as ongoing concerns surrounding the global economic impact of the trade war will have investors scrutinizing the release of EU GDP data, German Industrial Production and Factory Orders scheduled for both the U.S. and Germany. Friday…
Global markets continuing a RISK-OFF sentiment this morning as elevated China-U.S. trade tensions continue to weigh on markets putting downwards pressure on equities and rates. 10-year U.S. Treasuries are trading 2bps lower to 2.295% this morning, levels last seen in…
New potential trade retaliation from China have market practitioners on edge this week. Concerns surrounding regulators possibly creating a more restrictive environment for U.S. companies operating in China have incited the jitters. Further, market practitioners expect that the Chinese government…
