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Markets The busy eco calendar kicked off today with US JOLTS job openings and consumer confidence. The former missed the bar. The August reading was revised down from 8.04mln to 7.86mln and job vacancies came down further in September to 7.44mn, way off the 8mn mark. It was the lowest reading since early 2021 and […]

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31/08/2024

Weekly Economic & Financial Commentary: The Search for Clues Continues

Summary United States: The Search for Clues Continues Fed watchers are still on the lookout for clues on the size of the well-telegraphed September rate cut. This week’s economic indicator lineup, which broadly beat expectations and reaffirmed a soft landing, provides limited insight. Next Friday’s employment report will go a long way toward determining the […]
10/10/2024

US: Progress on Inflation Front Stalls in September, Supporting Smaller 25bps Cut in Nov

The Consumer Price Index (CPI) rose 0.2% month-on-month (m/m) in September, a tenth of a percentage point (pp) above the consensus forecast. On a twelve-month basis, CPI fell to 2.4% (from 2.5% in August). Energy prices (-1.9% m/m) were again a drag on headline inflation, almost entirely driven by a pullback in gasoline prices (-4.0% […]
13/08/2024

GBP/USD Eyes Recovery: Key Hurdles In The Way

Key Highlights GBP/USD started a recovery wave from the 1.2665 zone. It broke a major bearish trend line with resistance at 1.2750 on the 4-hour chart. Gold prices could again aim for a move above the $2,500 resistance. The UK Claimant count could change by 14.5K in July 2024. GBP/USD Technical Analysis The British Pound […]