Commitment of traders report (COT):
The commitment of traders (COT) report shows how large speculators are positioned across futures markets on the CME exchanges.
European Open: Currency markets pause for NFP, Equities pull back
Today’s NFP report is the main event for traders, and the consensus forecasts is for headline job growth to soften to 200k (261k previously), and the unemployment rate remain at 3.7%.
European Open: Flash PMIs and US inflation on tap
The US dollar has continued lower overnight following Powell’s dovish comments, with US inflation data having the potential to extend or reverse some of its move.
OK Fed followers: When is a pivot, not a pivot?
Jerome Powell hit the wires and effectively confirmed that the Fed will slow their pace of tightening, reigniting the argument over what a ‘pivot’ is.
European Open: China PMI’s disappoint, Jerome Powell in focus
China’s PMI’s may contracted at their fastest pace in 6-months, but hopes of China reopening have remained the focus to support sentiment.
Australian inflation fell… but just ‘weight’ a minute
Whilst Australia’s final inflation print for the year remains high by historical standards, it was much lower than expected at 6.9% y/y
European Open: Double top forms on EUR/USD
The US dollar has found some stability following hawkish comments from Fed members, which has seen a double top pattern form on EUR/USD’s daily chart.
European Open: RBNZ deliver a hawkish 75bp hike, FOMC minutes up next
As if 75bp was not enough, the RBNZ came out swinging by increasing their terminal rate much higher than we anticipated.
The DAX’s rally has been impressive, but nothing last forever
Several metrics show how strong the DAX has been of late, but we suspect it may have had too much of a good thing and is due to be knocked from its perch.
European Open: Can gold snap its 4-day losing streak?
Gold has retraced for four days yet found support at previous cycle highs, so unless speaking Fed members aren’t overly hawkish, we could see gold bounce form support.
The Consensus Calls for the RBNZ to hike by 75bp tomorrow
If the RBNZ hike by 75bp tomorrow in line with the consensus, it will be their first hike of this magnitude on record.