Blogs

<p>With AMD, Microsoft and Alphabet announcing yesterday after the close and the market not digesting those earnings well (or pieces of them), the broader indices are lower with the NASDAQ index down by -0.85% leading the downside..</p><p>A snapshot of the market currently shows:</p><ul><li>Dow Industrial Average

<p>Softer data on jobs and wage growth have pushed US 10-year yields below 4%. They briefly cracked that level earlier before bouncing but a second push lower has followed the data and quarterly Treasury borrowing numbers that didn't meaningfully boost long-dated issuance.</p><p>Is that it for the bounce? Earlier this month,

<p>The US dollar is under pressure after a trio of somewhat dovish announcements today:</p><ol><li>ADP employment was below estimates at 107K compared to 145K expected</li><li>The Treasury increased long-dated auction sizes in-line with estimates but not as much as feared</li><li>Q4 US wage data showe

<ul><li><a href="https://www.forexlive.com/news/canada-october-gdp-mom-00-versus-02-expected-20231222/" target="_blank" rel="follow">Prior </a>was 0.0%</li><li>The advance reading for November was +0.1%</li><li>Service producing industries +0.1% vs +0.1% prior</li>&

<ul><li>Prior quarter 1.1%</li><li>employment cost index for Q4 0.9% vs 1.0% expected. Lowest since the 2nd quarter of 2021.</li><li>Wages Q4 0.9% vs 1.2% last quarter</li><li>Benefits Q4 0.7% vs 0.9% last quarter</li></ul><p>Down across the board is good news for inflation. However,

<p>On Monday, the US announced less borrowing than the Treasury had previously forecast and bonds have been bid since with 10-years briefly falling below 4% earlier today. That esetimate was $760 billion compared to $811 billion forecast by the Treasury in October due to lower borrowing costs and higher tax receipts.</p><ul><li

<p>Here's an unusual, and entertaining, take on the Federal Open Market Committee (FOMC) on Wednesday from Bank of America.</p><ul><li>“The Maradona Theory of Interest Rates is alive and kicking”</li></ul><p>Bank of England Governor Mervin King first formulated the theory back in the 2000s:</p>&l

<p>By now you'll be familiar with the news that:</p><ul><li><a href="https://www.forexlive.com/news/trump-floated-possibility-of-60-tariffs-on-chinese-goods-report-20240128/" target="_blank" rel="follow" data-article-link="true">Trump floated possibility of 60% tariffs on Ch

<p>Australia S&amp;P Global / Judo Bank Final January 2024 Manufacturing PMI has hit an 11-month high 50.1</p><ul><li>preliminary was 50.3, prior was 47.8 in December</li></ul><p>Some of the commentary from the improved report, with a warning on inflation</p><ul><li>Over the past two m

<p>UK authorities seized 61,000 BTC valued at approximately £1.4 billion (or $1.78 billion) related to an investment fraud that operated in China, the Financial Times reported. </p><p>The FT is gated but other outlets have picked it up. How is BTC involved in all this?</p><ul><li>Zhimin Qian, converted part of th