After yesterday's eye-watering moves post-FOMC, markets have spent the last 24 hours retracing the moves. In FX market, we are back to pre-FOMC levels - EUR/USD is at 1.0660, USD/JPY just below 121, USD/CAD at 1.2720, GB…
After yesterday's eye-watering moves post-FOMC, markets have spent the last 24 hours retracing the moves.
In FX market, we are back to pre-FOMC levels - EUR/USD is at 1.0660, USD/JPY just below 121, USD/CAD at 1.2720, GBP/USD at 1.4750, AUD/USD 0.7650.
Rates markets have only moved half as much - Fed fund futures are still pricing the first full hike in October (though that had reached December) and US 2s, 5s and 10s have only erased half of yesterday's moves (though we still look for them to erase the rest).
Datawise it was a quiet night: US jobless claims were close to expectations.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
