With the unemployment rate reaching a comfortable level and below the Fed’s 4.5% target, another strong month could add to the Fed’s optimism.
Reacting to the hawkish comments from Mario Draghi and a possible exit from the quantitative easing stimulus program, euro traders drove the currency higher.
According to the latest Commitment of Traders report, large speculators have increased their net bullish positions in the S&P 500 futures.
The currency markets are anticipating the June FOMC’s meeting minutes, which are expected to be hawkish.
In terms of Treasury auctions, the three-year, ten-year, and 30-year (TLT) bonds worth $56 billion are scheduled to be offered this week.
In this series, we’ll analyze how different asset classes in the financial markets have reacted to the sector rotation in the equity markets and the hawkish tone of central bankers.
The US Dollar Index (UUP) sank below the 96.0 mark on Tuesday, marking the continued depreciation of the US dollar against other major currencies.
The Bank of England left rates unchanged in its recent policy announcement on June 8, but the decision—or lack thereof—still managed to disrupt markets.
In response to the hawkish comments from ECB (European Central Bank) President Draghi, currency traders have turned extremely bullish on the euro.
Manufacturing reports are indicative of manufacturing activity, employment in the manufacturing sector, export orders, and production output.
In an essay published by Minneapolis’s Federal Reserve president, Neel Kashkari, after he voted against a rate hike in the Federal Open Market Committee’s (or FOMC) June 2017 meeting, he explained why he dissented.
Manufacturing activity in India lost momentum in May 2017, with the India Manufacturing PMI (purchasing managers’ index) recording a decline.
Economic reforms by the Indian government and improvements in the manufacturing and automobile sectors are the main drivers of EEM.
On August 15, 2016, the yield spread between the United Kingdom’s ten-year Gilt and three-month Gilt fell to 20 basis points, the lowest since October 13, 2008.
The Bank of England’s August rate cut indicates that it wants to protect the economy before it faces any major crisis.
Since the Brexit vote on June 23, 2016, WTI (West Texas Intermediate) crude oil active futures prices have fallen nearly 14.1%.
Gold generally shows a variety of movements during major events. Investors consider gold and the Japanese yen safe-haven assets during international turmoil.
It’s been a year since the Brexit vote, and many things have happened since then. The global markets have reacted accordingly.
The British pound (FXB) has been sailing along since the UK election this month.
The US dollar (UUP) index had another tight range-bound week this summer.