Payrolls data to showcase modest jobs gains in December
The highlight of today’s session comes in the form of a labour market update, and traders will fixate upon the results to more accurately gauge the trajectory of rates from the Fed in the foreseeable future. Even though the US employment market managed to steer clear from catastrophic predictions, it is currently being found in […]
BoJ tightens policy conditions whilst others ease
Earlier today, the Bank of Japan decided to go ahead and increase its short-term interest rate by 25 basis points to the 0.75%, reaching its highest level since September of 1995 and alter further its longstanding, ultra-loose policy stance. This has been the second time this year that the central bank for the far east […]
ECB seen prolonging the pause for the 4th straight meeting
The European Central Bank is expected to leave borrowing costs unchanged for a fourth consecutive meeting at its last policy gathering of 2025, since policy makers judge that the current policy stance “best suits” the present state of economic affairs. Inflation across Eurozone virtually met the central bank’s 2% target in November, hovering merely by […]
Sterling crumbles ahead of BoE decision
The British Pound abruptly reversed course and snapped weekly gains earlier today, after the latest CPI print from the UK for the month of November showcased a larger than expected cooldown. Headline inflation undershot, not only markets’ 3.5% expectation but also the BoE’s respective 3.4% forecast and settled at the 3.2% level. Inflation in the […]
Dollar heads lower ahead of payrolls data
The greenback has faced consistent outflows in the period of the last 4 weeks and despite the downward pressures, the dollar index seeks to form a base near the 98 mark, near 2-month lows. Investors are now bracing for the release of the November non-farm payrolls data, to update their forecasts for future rate cuts. […]
Disney becomes OpenAI’s newest partner
The streaming giant Disney has announced earlier this week a $1bn equity investment in the AI prodigy OpenAI, becoming the latest colossus to jump on the artificial intelligence bandwagon. OpenAI’s video generation engine, Sora, raised eyebrows since its launch in December of 2024 and has amassed a large audience, not only from end-users, but also […]
Fed in focus, 25bps rate cut almost fully priced in
Without a shadow of a doubt, the theme with the outmost importance for the day is the Federal Reserve’s final interest rate decision for 2025 and the ancillary data that comes alongside it. Money markets have grown increasingly confident that the central bank will have no other choice but to slash its key policy rate […]
RBA stands still, keeps cash rate at 3.6%
The Australian dollar found support earlier today and rose near the $0.663 area against the greenback, following the Reserve Bank of Australia’s policy decision, as the bank chose to prolong its pause at the 3.6% level. The central bank, as widely expected, opted to keep its cash rate unchanged for the third consecutive meeting, since […]
Chinese exports reaccelerate after October’s short-lived contraction
Weak domestic demand and export overcapacity continues to be the prevalent theme at play in China, keeping market sentiment somewhat subdued, as investors need further evidence of resurgence of ailing domestic consumption, before fully committing capital into the Red Dragon. The latest trade data report for the month of November showcased the expansion of the […]
Fed’s favourite gauge of inflation gets an update
Without a shadow of a doubt, the main attraction of the day and possibly the week, is the Federal Reserve’s preferred measure of assessing inflationary pressures, the Core PCE index, for the month of September. The expected impact from President Trump’s harsh tariffs has not yet materialized, with inflationary pressures remaining somewhat stagnant round and […]
Money markets bake-in rate cut after weak jobs data
The absence of concrete labour market data from the Bureau of Labor Statistics has forced market participants to shift their attention on “second-tier” data from the private sector, in order to form an accurate enough picture and update their forecasting models. The fact that October’s Nonfarm payrolls data may never get released, since government workers […]
Productive talks held, yet peace plan remains elusive
US special envoy to Ukraine, Steve Witkoff, travelled to Russia yesterday and spoke with Russian delegation in efforts of finding a comprehensively “fair” peace deal for the war in Ukraine. Albeit the talks being described as “constructive” by both parties, no deal has yet been reached, extending therefore the conflict until a future date. The […]
Absence of NFP data forces traders to focus on JOLTS, ADP prints
Given that the Non-Farm Payrolls data for October will almost certainly, never see the light of day, market participants are being forced to look elsewhere for clues about the health of the US labour market and best calibrate their financial models accordingly. The once severely overlooked, JOLTS and ADP non-farm employment prints, have now turned […]
Copper futures rise on supply crunch
Ongoing shortages, looser monetary policy expectations, the potentiality for being included into President Trump’s tariff agenda and robust speculative positioning, has given a bullish undertone for the base metal in recent weeks, pushing its price higher, lifting it to 4-month highs. The most prominent reasons behind the recent rally have been the prolongment, but also […]
Is inflation on the rise in Europe?
The latest inflation expectations data from Eurozone edged slightly higher in October according to the latest survey, rising from September’s 2.7% reading to 2.8% , but failed to provide support for the Euro earlier today. At its October decision, the ECB opted for a pause scenario and kept its rates unchanged at the 2.15% level, […]
Silver set to challenge ATH peak
Silver futures climbed near record highs once again, as money market participants drastically increased the odds for a December rate cut, after softer economic data, dovish Fed speak, labour market weakness and speculations that a Trump loyalist will most likely head the Federal Reserve, once Powell’s term comes to an end in 2026. Weak retail […]
Day of reckoning for Reeve’s budget
The main attraction for the day is the upcoming unveiling of the infamous, Autumn Budget from UK Chancellor of Exchequer Rachel Reeves, which could potentially cause a destabilisation in bond and FX markets. The Chancellor has, time and time again, reiterated her “iron clad commitment” at saving the UK from its fiscal troubles, underscoring her […]
RBNZ’s one-and-done?
Coming up early in tomorrow’s early Asian session is the Reserve Bank of New Zealand’s rate decision for the last meeting of 2025 and Kiwi traders will be glued to their seats awaiting to see the central bank’s forward projections in regards their policy agenda. Currently RBNZ’s official cash rate stands at 2.5% around levels […]
Strong payrolls number wrangles December rate cut bets
Stock markets abruptly reversed course and plunged deep in the reds yesterday, after the delayed NFP print for the month of September showcased that the US economy’s labour market remains resilient amidst the Federal Reserve’s restrictive policy campaign. The US economy managed to add 119k new jobs in September, dispelling calls that saw a mere […]
Yen slumps to 10-month lows on extra dovish fiscal outlook
The Yen’s devaluation phase against the dollar got extended earlier today, after details for a stimulus package made rounds in the markets and made investors weary about the Japan’s fiscal health onwards. Under the helm of its new Prime Minister Sanae Takaichi, an ultra-dove in the eyes of the market, the Japanese government announced its […]