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Markets The recent comeback momentum on US stock markets stalled yesterday with main US benchmarks suffering minor losses (-0.25%) following an astonishing rally over the past two weeks. Other directional trades continued. US Treasuries outperformed German Bunds with daily changes on the US curve ranging between -8.2 bps (2-yr) and -6.2 bps (30-yr) compared with […]

The post Payrolls Revision Flagged as Potential Gamechanger appeared first on Action Forex.

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15/05/2024

PPI Data Didn’t Feel ‘Right’

Yesterday was one of those days when investors insisted on seeing a glass that was one-tenth full as completely full. The US producer price data came in higher than expected. The US factory-gate prices jumped 0.5% on a monthly basis instead of 0.3% penciled in, the yearly figures increased in line with expectations. US President […]
05/01/2024

It’s Payrolls Day

In focus today The first week of January will be concluded with the December Jobs Report at 14:30 CET, and ISM services index at 16:00 CET. Recent data (Claims/ADP/JOLTs) has generally supported the narrative of robust US labour market conditions in December, and we forecast non-farm payrolls at +170k and average hourly earnings growth at […]
12/12/2023

Economic Sentiment in Germany Is Improving but Slowly

Fresh business sentiment assessments from ZEW saw the sentiment index rise from 9.8 to 12.8, a positive surprise for analysts who had anticipated a slight decline to 9.6. The current optimism level is the highest since March this year but below the long-term average of 20.8. Some signs of a reversal can be found in […]