To recap this trading week… OPEC+ on Monday decided to cut oil production by 100bpd in October to support the declining oil prices due to fears of economic slowdowns and renewed China’s lockdown. RBA increased its interest rate by 50bps, matching market expectations. RBA maintained that more rate hikes will be coming as inflation is […]
Forex The RBA is pretty much expected to raise rates by 50 basis points on Tuesday, investors will pay close attention to the possibility of further aggressive 50bps hike in October and November. The Bank of Canada on the other hand, is looking for 75 bps on Wednesday, While it looks unlikely that BoC will […]
With a lot of uncertainty about the Fed’s imminent monetary policy decisions, the non-farm payrolls report will be pivotal and stays in the spotlight until the end of the week. New jobs for August were expected to decline by almost half after a stellar performance in the previous print, with the consensus being 295k versus […]
Recap: Jackson Hole Symposium Attendees of the symposium sent a unanimous message that inflation should be tackled forcefully, especially in the US and the European economies. Tightening policies will be followed even if they cause collateral damage. Fed Chair Powell, among several other Fed officials, stated that they did not expect to change course, necessarily […]
Jackson Hole, Powell’s Speech, and PCE Price Index in Focus PCE Price Index is scheduled to be released 90 minutes prior to Powell’s speech. The index is expected to slow down from 0.6% to 0.3% m/m and from 4.8% to 4.7% y/y. A divergence in the data could cause last-minute edits to his speech which […]
Hi All, Tesla will be performing a 3:1 split after the close on August 24th, 2022. As a result, we will be adjusting the open prices/volumes of all open tickets to account for the 3:1 split after the stock market close. Example: Old Ticket: Client Buys 100 Shares Tesla @ $900New Ticket: Client Buys 300 Shares Tesla @ $300 Please […]
Week in Review England’s CPI CPI in Britain came out hotter than expected, printing 10.1% YoY versus 9.8% as forecasted by economists. This is especially concerning as it is the first time in four decades that the inflation rate surges past 10 % with some expecting the figure to peak above 15% by early next […]
Economic Calendar Day Events Monday French, Italian Bank Holiday Tuesday AUD Monetary Policy Meeting Minutes Wednesday NZD Cash Rate and Monetary Policy Meeting Minutes, GBP CPI, USD Retail sales Thursday FOMC Meeting Minutes Friday – Last week we observe more actions and higher volatility in the markets due to the softer-than-expected US CPI data. Does […]
Let’s focus on the key highlight for this past week- the US CPI and its impact on different asset classes CPI data which came out on Wednesday delivered a positive surprise where the print was lower than forecast by 0.2%, standing at 8.5% for July YoY. Core CPI, excluding food and energy, was the same […]
