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Financial markets hold up well all things considered
We have to say; it’s been rather surprising to see markets behaving as they are in the aftermath of Friday’s US jobs report. The monthly employment report came in much stronger than expected, accompanied by an hourly earnings print that was just a little higher than forecast. Audio Update Technical highlights EURUSD Confined to major […]
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Geopolitical risk and the US jobs report
A round of softer economic data out of the US on Thursday had invited an initial wave of welcome Dollar selling and risk on flow, before all of it fell apart as geopolitical tension escalated on fear of conflict between Israel and Iran in the Middle East. Audio Update Technical highlights EURUSD Confined to major […]
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US jobs report preview and market impact
On Friday, we’ll get the always anticipated monthly employment report out of the US. But this time around, things could get even more exciting given where things stand heading in. Where is that exactly? Wrap-Up Call
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Counterintuitive price action
Currency and equity markets are finally back in sync into Thursday, though at the same time, they appear to be in sync but also moving in a counterintuitive direction. Everything we’ve seen of late has been supporting the case for less rate cuts than more in 2024. Audio Update Technical highlights EURUSD Confined to major […]
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Currencies and stocks out of sync
We’ve been in this weird period of trading where currencies and stocks are out of sync with one another. Key standouts on Wednesday’s calendar come from Eurozone inflation, US ADP employment, Canada PMI reads, US ISM services PMIs, and Fed speak. Audio Update Technical highlights EURUSD Confined to major consolidation GBPUSD Well supported on dips […]
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Are US equities at risk for bearish reversal?
US economic data continues to come in on the stronger side and market rate odds for a June cut at the Fed have dipped below 60%, which is the lowest June odds print for the year. The currency market has responded as one would expect, with the US Dollar well in demand across the board. […]