by Christopher Nye | Jan 4, 2019
Later today we have the non farm payrolls, expected at 179k but arguably the more important series in the release is the average earnings data, expected at 0.3% month on month. Inflation has been subdued, despite unemployment at some of the lowest levels in years, and...
read more
by Christopher Nye | Jan 4, 2019
The euro’s been a quiet currency over the last couple of days. ECB’s Couere reiterated this morning that interest rates are to remain low as long as necessary. Given the move in US rates futures, that might be even longer than we thought. Whether this becomes a...
read more
by Christopher Nye | Jan 4, 2019
We have the services PMI today, expected at 50.7, only just in positive territory, so any shortfall will be negative in any and all senses. Sterling recovered well following the ‘flash crash’ and we find ourselves back in familiar territory. The driving forces are...
read more
by Christopher Nye | Jan 4, 2019
News that the US and China will hold high-level trade talks next week, as well as the fact that Democrats supported and successfully passed a bill aimed at funding the Government, calmed nerves yesterday. Trump has vowed to veto the bill as it is missing the $5...
read more
by Christopher Nye | Jan 3, 2019
In a typical ‘Risk’ move the dollar had a good day against almost all of the majors, except the Japanese Yen. Despite a meeting between Democrats and Republicans the Government remains in partial shutdown as President Trump continues to hold out for his money for the...
read more
