The meeting minutes from the Fed didn’t show the decision was close and that was bad news for the greenback. After starting with the minutes and other central bank reactions, we move to rising oil (certainly correlated) and the upcoming events –…
The non-farm payroll data came short of market expectations with a gain of only 142,000 jobs. Moreover, the report also presented revised-down figures for the months of July and August – a revision of a total of 59,000 jobs for…
The market expected and the Fed needed a strong NFP report to reduce volatility and raise the odds of a rate hike this year. Oh well – not this time. The U.S. non-farm payroll report came up short again with…
The copper has seen better days. Currently, copper prices are at $2.25/lb — a year low. The big question is where this metal it heading? China the world’s largest copper consumer keeps popping up in the news as the economic outlook…
The BEA published its recent update on the U.S. GDP (third estimate), in which the growth rate reached 3.9% in Q2 – market expected no change from the previous estimate of 3.7%. This news along with FOMC Chair Yellen’s hawkish…
Another storm in a teacup, no rate hike, more promises about raising rates down the line – after all the dot plot showed most members still think a rate hike is in the cards in 2015 – and another anticlimax…
Is the NFP good enough for the Fed? We try to provide a good answer as the big event looms. We then digest the other big event that has long term implications: the ECB decision and the Draghi show. We end with a…
The U.S. non-farm payroll report came up short with only 173K jobs added in August. The ADP report estimated an increase of 190K jobs and the market expectations were at 220K for August – this means the NFP came by…
So the recent U.S. GDP report (second estimate) came out and showed a higher-than-expected growth rate of 3.7% in Q2 –market expectations were around 3.2% and the pervious estimate was only 2.3%. This was enough to drive back up equities…
The U.S. non-farm payroll report presented another solid, albeit not too surprising, increase of 215K in July – again in line with market expectations. The ADP report estimated an increase of 185K jobs and the market expectations were at 224K…