Dollar Index – FOMC Rate Decision to Define Fresh Direction

September began on an ugly note, to say the least. The US equities tumbled after the latest ISM data showed a fifth month of contraction in the US manufacturing, and at accelerated pace. The latter revived the recession worries ahead of this week’s critical US jobs data, and sent the S&P500 more than 2% down. […]

Markets Today’s US ADP job report served as the next test for markets eager to frontrun a sharp Fed pivot. November employment grew by 103k, less than the 130k expected and a further deceleration from an already downwardly revised 106k. The biggest contributors were trade, transportation and utilities (+55k) & education and health services (+44k). […]

The Japanese Government Bond (JGB) market is now anticipating a potential Q2 recovery in the Japanese economy as the 2-year and 10-year JGB yields have rallied to more than a decade high. The 10-year and 20-year yield premiums of US Treasuries over JGBs have shrunk in the past two weeks which in turn supports a […]