Excerpts from Lloyds Bank: In the absence of significant economic releases after the morning's German trade data for January, Eurogroup meetings could provide a meaningful market focus. Although likely to emerge after ma…
In the absence of significant economic releases after the morning's German trade data for January, Eurogroup meetings could provide a meaningful market focus. Although likely to emerge after markets have closed, the meeting statement could highlight the gulf between demands for a specific timeline for implementation of Greek reforms, and early disbursal of funds to avert a cash crunch.
Following last week's February employment report, where strong employment growth contrasted with subdued wage gains, the Fed's Labour Market Conditions Index for February will provide a convenient gauge of recent labour market trends across a broad range of indicators. Little change seems likely from recent levels.
The day's slew of Fed speakers is unlikely to provide much context for next week's FOMC meeting where a change in statement language to drop 'patience' is expected. While covering the full spectrum of Fed views, Fisher, Mester, and Kocherlakota are not voting FOMC members this year. Comments by the ECB's Weidmann may also be of interest, although his policy views are also well-known.
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…
