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Fitch has downgraded the US long-term debt from AAA to AA+. The decision comes as a consequence of the debt ceiling debacle and the mounting governance difficulties that have plagued the nati...

Fitch Downgrades US to AA+

The US stock market has seen a months-long rally, showing signs of widespread strength across various sectors. Smaller regional banks and the largest technology companies alike have benefitte...

Earnings beat expectations

The BOJ made its yield curve control policy more flexible and loosened its defence of the 0.5% yield cap on long-term interest rates. This led to speculation of an eventual shift away from ma...

US stocks sold off on BOJ tweak rumours

Fed raised interest rates to 5.25%-5.5%, the highest since 2001 as the central bank aims to combat inflation. Fed Chair Jerome Powell emphasized vigilance, keeping options open, and assessing...

ECB to follow the Fed today?

Dow continued to rise but lost some momentum yesterday. Early on in the trading day, the positive momentum was fueled by strong bank results and a decrease in inflation globally. Regional ban...

Technology sector loses ground

Rather than buying puts to safeguard their portfolios in case of a stock market decline, investors are now betting the market rally continues and buying call options. According to data from C...

Investors most bullish since January 2023

Traders wait for the retail sales to see how the US consumers are coping with elevated costs of living. US equity investors will have to decide how much lower inflation supports the economy, ...

Traders wait for US retail sales data

The dollar continued lower and tech stocks rallied due to lower-than-expected US CPI and PPI figures. They followed weaker-than-anticipated job growth. Weaker hiring combined with lower infla...

Weak jobs and low PPI lift stocks

Equity indices (DJ +0.36%, S&P 500 +0.84%, NAS +1.29%) rallied together with the major dollar counterparts as the lower inflation US numbers drove the bond yields and the dollar into a steep ...

Stocks and precious metals soar on lower CPI 

Equities rallied and the dollar kept on losing ground in yesterday’s trading. Today’s US CPI could in theory change these dynamics but in practice, the chances of this happening are pretty lo...

Low CPI outlook lifts stocks, weighs on USD

Equity investors were cautious but based on index-level price action slightly optimistic yesterday. Investors wait for the US inflation data and the start of the earnings season. Industrials,...

Cooling demand to lower inflation

Even though the number of new jobs was confirmed well below expectations it was the wages that caused the stock markets to sell off, signaling equity investors are preparing for more rate hik...

Wage growth spooked equity investors

The recent employment-related data suggested the labour market was still strong. However, this time the analyst consensus got it right: With only 209K new jobs added, the labour market could ...

NFP: Only 209K new jobs!

Even though analysts expect to see the jobs growth slowing down significantly from a month ago, the recent employment-related data suggests otherwise. The analyst consensus has pegged the num...

Analysts expect lower jobs growth

The FOMC meeting minutes revealed yesterday that, several Federal Reserve policymakers hinted at potential rate hikes due to stronger-than-expected economic activity and no evidence of inflat...

FOMC hints at rate hikes

Caixin Services PMI declined but remained above the crucial 50 level. The services sector remains in expansion. Today’s main risk event is the FOMC Meeting Minutes. The Fed Fund Futures trade...

Be ready to trade the FOMC Minutes

The Reserve Bank of Australia left the rates unchanged. The market pricing prior to today's decision indicated a 63% probability of no change, so the decision didn’t come as a surprise. Addit...

No hike from the RBA 

US equity markets had a bullish day on Friday as the May year-over-year PCE (3.85%) came in well below the previous reading of 4.344%. This marks the lowest reading since April 2021. S&P 500 ...

Low PCE rallied the stock markets

The June inflation for Germany rose to 6.4% on a year-on-year basis. This slightly exceeded market predictions of 6.3%. The core inflation rate, which excludes volatile items such as food and...

Rising German core CPI fuels worries

The dollar traded higher and stocks remained mixed after Fed Chair Powell said the monetary policy hasn’t been restrictive that long, and that there is likely “more restriction coming.” Dow c...