After the BOE’s decision and ahead of the elections, we examine the situation in the UK and discuss the pound. We then continue to rant about the lack of volatility before previewing the upcoming events. You are welcome to listen,…
The latest NFP report showed strong growth in jobs (211K vs. exp. of 194K) and modest decline in unemployment rate to a new low and yet wages are not picking up at a faster pace. This news, however, was still…
What’s going on in the US economy? There is still slack but the Fed judges it in a sanguine manner. We begin with all the moving parts in America before moving to a less optimistic picture for oil prices before reviewing the…
The U.S. non-farm payroll report was a mixed bag: 211K in jobs growth vs an estimated growth of 194K (The ADP estimated a gain of 177K jobs) in April; but the problem was that wage growth came at 2.5% in…
The bullion market has taken a beating last week as the risk-on mode has gained momentum following the relief from the tension over the French elections and relatively robust earnings in the U.S. But this week the focus will shift…
As we turn the page to May there’s a lot on our plate: Draghi’s impact on the euro, Macron’s lead in France and the Donald’s first 100 days. Markets care about three things, and the wishes are not really being…