Adelaide

Summary United States: Gradually, then suddenly This week’s economic data showcased how both sides of the Fed’s dual mandate are under pressure. Inflation is running closer to 3% than 2%, according to both the CPI and PPI. Meanwhile, the BLS’s preliminary benchmark revision revealed that the pace of

The Pound Sterling (GBP) is up 0.3% against the US Dollar (USD) and outperforming most of the G10 currencies as we enter Tuesday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report. GBP reflects relief over politics into fall budget "There were no overnight releases

USD/CNH is holding above key support at 7.1200, BBH FX analysts report. China trade surplus hits record "China’s August trade data continues to point at weak domestic demand activity and decoupling with the US. In the twelve months to August, China’s trade surplus rose to a record $1165.8bn while th

The Euro appreciates within range but is on track for a moderate weekly loss.The US Dollar pulls back with the market bracing for a soft US NFP report later in the day.Weak US employment figures on Thursday and dovish comments from Fed speakers are weighing on the US Dollar. The EUR/USD pair is trad

The DXY range break while waiting for the upcoming NFP report. The coach highlights a three-drive pattern in USD/JPY and explains why USD/CAD may present the better short opportunity. He also identifies yesterday’s low in the S&P 500 as well as in NAS100, marking it as the key bull/bear line. Sh

S&P 500 acted in line with my calls accenting real downside potential – all clients were ready for me expecting at the very, very (hypothetical) best, an S&P 500 move approaching core PCE announcement levels. It‘s been insightful also what other indices were doing, especially the Russell 200