The rally seen in the Australian dollar in the past two weeks has been more attributed to external economic forces (the US and China). On the US side of the equation, more evidence that the deterioration of the US labour market (weaker-than-expected non-farm payrolls data for August, unemployment rose to almost a 4-year high of
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While much of the focus was on the US CPI report yesterday, the weekly initial jobless claims arguably stood out more. The headline figure was the highest since October 2021 and provides further evidence of a weakening labour market. At the balance, traders are working with that to push the Fed narrative as the inflation
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The US and Japan finance ministers reaffirmed their G7 commitments on currency policy, stressing exchange rates should remain market-driven, with intervention limited to disorderly markets and operations disclosed monthly. Japan’s Finance Minister Kato said the joint statement was especially significant in light of the new US tariff order, while noting there were no talks with
GBPUSD rallied after US CPI data all but confirmed a rate cut next week. At least that is the view of market participants who actually priced in as much as 75 bps of cuts through December 2025, according to futures pricing. For more on the US CPI release, please read A hesistant FX Market after
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Canada is in talks with Alberta and energy firms about dropping its planned federal cap on oil and gas emissions in exchange for new commitments to cut the industry’s carbon footprint, according to sources. Reuters reporting. In summary: The cap, drafted under former PM Justin Trudeau but not yet legislated, aimed to slash sector emissions
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
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July was a deficit of $291 billion Last August was a deficit of $371 billion Year-to-date deficit of $1.973 trillion versus last year at $1.897 trillion Outlays $689 billion vs $687 billion last August Receipts $344 billion vs $307 billion last August I budget deficit numbers are running at relatively stable and completely unsustainable levels.
European Central Bank President Christine Lagarde tread carefully on Thursday as she attempted to paint a rosier view for the euro area economy without dismissing the impact of the lingering uncertainty linked to the trade tariffs, the political turmoil in France and a stronger euro. The central bank for the 20-nation single currency economy left
Entering 2025, the prevailing macro theme throughout the investment community was that the US dollar would continue its dominant path. Years of US exceptionalism – driven by a booming equity market and a resilient labour market – had cemented the dollar as a must-have hedging tool in most portfolios. For example, if there was a
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
United States EIA Natural Gas Storage Change came in at 71B, above expectations (66B) in September 5 Source link
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave key rates unchanged at the September policy meeting and responds to questions from the press. Join our ECB Live Coverage here ECB press conference key takeaways “Growth shows resilience of domestic demand.” “GDP data reflects Q1 front-loading.” “Investment should be
Net income rose six per cent year-on-year (YoY) to £8.9 billion, helped by solid performances in insurance and SME banking, while operating costs climbed by four per cent. Even so, cost-savings initiatives worth some £300 million helped preserve margin efficiency. In a sign of confidence, Lloyds raised its interim dividend by 15 per cent to
