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 […]
Week Ahead run through
Following last week’s carnage in US equity markets, the unveiling of September’s delayed NFP print, the repositioning of money market participants for the Fed’s upcoming decision, Nvidia’s blowout earnings report and preliminary Russia-Ukraine peace negotiations, investors look ahead and brace for a relatively quiet week of financial and economic releases, in hopes of calibrating their […]
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 […]
NVDIA earnings to update the trajectory of AI frenzy
Even though, detached-from-reality valuations and worries for a pop-up of the so-called AI bubble continue to permeate across equity markets, the AI powered rally is considered to be, amidst a mild, self-corrective cool-down phase by many investors currently. The bombastic AI innovation project is, and is expected to be, cap-ex intensive for the frontrunners in […]
Gold’s shine dampens after rate cut odds dwindle
Gold futures are currently experiencing four consecutive days of declines, as prospects for rate cuts from the world’s largest economy continue to face a watershed moment. Conviction for additional policy easing has drastically dwindled since the last Fed meeting, with half of polled economists altering their views and sidelining with a cautious, “wait and see” […]
Hawkish pivot from Fed officials spurs selling spree across riskier assets
A month ago, odds for a December rate cut from the Fed seemed inevitable. Market forecasters apprehended week after week, data that confirmed their biases, pushing them to overtly rely on the scenario for further easing. Equity indices were marching higher and higher, striking fresh record high after fresh record high as investors’ exuberance for […]
US government shutdown no more
With the signature of President Trump, the longstanding US government shutdown that began in early October 2025 has officially came to an end. The government funding bill was signed into law on November 11 of 2025, and set an end to the historic 43-day shutdown fiasco, after the House of Representatives approved the Senate-passed funding […]
A heads-up on this week’s releases
Given the absence of critical economic news releases today, we turn our attention towards the horizon and update our calendars with events that run the possibility of moving the markets this week: Tuesday: We kickstart the week with the UK’s employment update for the month of October, President Lagarde’s speech alongside Q3 earnings data from […]
Overstretched tech valuations spark bubble-burst fears
All three major US equity indices sank yesterday from renewed fears that valuations of mega cap tech stocks have detached from reality and fundamentals. The sharp selloff on Wall Street was more prominent in Nasdaq Composite which tumbled 1.9% at the close, the S&P dripped 1.12% and Dow Jones by 0.84%. AI hyped plays such […]