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Fundamental Analysis

ADP and ISM Hiring Miss Point to Weaker NFP Print

Greenback will likely remain under pressure until the release of the NFP. With respect to DXY (USD index) this could mean little chance to make a meaningful rally above 92.50 points. Despite the weak...

USD Insights Ahead of The NFP

ADP Miss - Does It Matter?The US Dollar is trading on the back foot today following the ADP employment miss yesterday. The indicator, which is often used as a proxy for gauging the more important NFP...

The Crude Chronicles - Episode 104

Crude Traders Cut LongsThe latest CFTC COT institutional positioning report shows that oil traders cut their net-long positions last week by more than 30k contracts. This latest reduction in upside...

Big Negative Surprise From the Conference Board. What are the Takeaways for the NFP?

Greenback struggles to take off from the 92.50 support level ahead of US labour data for August. DXY rallied on Tuesday thanks to the outflow from Treasuries market as distant bond yields apparently...

USDCLP Collapses On Huge Chilean Rate Hike

Rates Hiked Above Market ForecastsIn stark contrast to the mammoth easing programs which remain in place across the majority of the G10, the Chilean central bank actioned its largest rate hike in 20...

Record Downturn in China's Services Sector Could Spark a New Wave of Risk-off

After spending a day in consolidation, greenback could find enough buying interest and continued to fall in price on Tuesday. The US currency index tests support at 92.50 level. Long-term US bond...

NFP Report will Decide the Fate of September Fed QE Announcement

Powell stuck to the hawk line in Jackson Hole last week, but avoided specifics to allow himself room for maneuver at future meetings. The Fed chair hinted at the possibility of QE tapering start this...

Key economic events and reports for the week ahead

The key report next Monday will be the US pending home sales index. A downside surprise in the data will be another confirmation that current elevated prices in the market are not sustainable and...

Atlanta Fed Head: Possible to Start QE Tapering in October, Provided That Employment Gains Remain High

Atlanta Federal Reserve Bank chairman Rafael Bostic said in an interview with Reuters on Friday that; beginning to phase out the bond buying program in October would be smart for the Fed if US...