US Jobs Data Crushed Hopes On Fed To Change Tone
The robust September US jobs report significantly bolsters the case for a fourth consecutive 75-basis-point hike at the November FOMC meeting. The labour market remains tight, and the supply of...
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Regarding Safe Haven, Dollar Is Now A Better Option Than Bonds
September has historically been a seasonally weak month for stocks, and the market’s performance over the past month has burnished that reputation.
Will Sterling Drop To Parity Against Dollar?
Sterling crashes on mounting fiscal concerns, printing a record-low 1.035 against the dollar before recovering to around 1.050-handle.
Don’t Expect Fed to Soften Any Time Soon
August’s inflation reports disappointed investors who were looking for signs price pressures are easing enough, to let the Federal Reserve dial back its rate hikes. But traders are still betting...
Dollar Weakness May Be Short-Lived As CPI Results Would Not Change Fed’s 75bps Hike Outcome
The read across from any US dollar weakness will be a key input into global risk assets in the week ahead. Whether it is a correction within an ongoing mega-bull trend for the greenback or the start...
Rising Unemployment Rate Would Not Change Fed’s Hawkish Tone
Payrolls advanced 315,000 in August, more than what analysts expected, but it reflects a slowdown from a scorching July. Manufacturing came in stronger than expected at 22,000, and the prior month...
Equity Volatility To Return After Jackson Hole Symposium
Federal Reserve Chair, Jerome Powell, issued a fresh warning to investors doubting his resolve to fight inflation: interest rates are heading higher and will stay there for some time.
Powell May Frighten Market This Week At Jackson Hole Symposium
US equity futures extended losses as the week of the Jackson Hole Symposium began, and the 10-year Treasury yields and the Dollar Index are running near four-week highs. This sends one message: The...
Do Not Rule Out Another 75bps Hike In September For Now, Wait For More Clues
The FOMC minutes to be released this week gains the most attention. The Fed is expected to reveal a long journey ahead in the tightening cycle with cuts off the table. We would discount any...
Will There Be Another 75bps Hike In September?
The gains in jobs and wages are inconsistent with the central bank’s goal of stable prices. That means the Fed may continue raising the rates, which is good news for the dollar.
