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Monetary Policy Doesn’t Follow GDP

Monetary Policy Doesn’t Follow GDP

The Fed funds rate is a hotly debated topic because it’s the main policy tool the Fed uses. There is economic data which can be interpreted to support every argument. Furthermore, after the metrics are taken into account, the goals are subject to interpretation. Just because the core inflation rate goes above 2%, doesn’t mean […]
Markets Today: “Beelzebubba”

Markets Today: “Beelzebubba”

Thanks to a strong monthly jobs report, the market is flying higher. The ES was up 23, the NQ was up nearly 70, and what was going on in the market one month ago today is a distant, distant memory. Because the economy is so strong, yields continue to strengthen (and, in turn, bonds weaken).  […]
Gold Has Formed Huge Head And Shoulders Pattern

Gold Has Formed Huge Head And Shoulders Pattern

Source: Admiral Markets MT5 with MT5SE Add-on Gold has formed a giant head and shoulders pattern after the price failed to reach W H4 resistance. At this point, we see that the price is contained below D H3. If it doesn’t retrace towards the POC, then watch for a rejection towards D L4 and D L5. Retracement into […]
Treasury Yields Spike Into ‘Danger Zone’ For Stocks

Treasury Yields Spike Into ‘Danger Zone’ For Stocks

10Y Treasury yields are back above 2.90% – the highest since spiking on Powell hawkish comments- and back into what some have called the ‘danger zone’ for stocks… Last month’s payrolls print (blue rectangle) prompted a spike in yields which sparked a drop in stocks and the collapse of XIV and the short-vol trade… This time […]
AUDUSD Daily Analysis – Friday, March 9

AUDUSD Daily Analysis – Friday, March 9

AUDUSD’s short term uptrend from 0.7712 had completed at 0.7842 already. Another fall could be expected in the coming days and next target would be at 0.7712 support. Below this level would confirm that the downtrend from 0.8135 has resumed, then further decline towards 0.7600 could be seen. Resistance is at 0.7842, only break above […]
What Wall Street Is Saying About The ‘Goldilocks’ February Jobs Report

What Wall Street Is Saying About The ‘Goldilocks’ February Jobs Report

Ok, well markets have had a couple of hours to absorb and ponder the February jobs report which of course beat handily on the headline while missing on the AHE front, a decidedly favorable outcome for stocks, given that the main risk heading in was another average hourly earnings beat. You can delve as deeply into this […]
U.S. Adds 313,000 Jobs In February; Wages Remain Weak

U.S. Adds 313,000 Jobs In February; Wages Remain Weak

The US labor market created the most jobs in almost two years in February as participation rate inched higher. Employers created 313,000 jobs in February, with the estimates for the two previous months (December 2017 and January 2018) revised higher by 54,000, the Labor Department report showed on Friday. The unemployment rate remained unchanged at […]
NFP Recap: “Goldilocks” Report For US Stocks As Jobs Surge But Wages Languish

NFP Recap: “Goldilocks” Report For US Stocks As Jobs Surge But Wages Languish

After last month’s surprising, broad-based rise in a variety of wage measures, traders were on the edge of their seats awaiting this morning’s US jobs report. After all, we’ve seen countless “false dawns” heralding the end of the persistent slack in the labor market over the last nine years, but none have proven to be […]
Billion Dollar Unicorns: What Is Anaplan’s Product Strategy?

Billion Dollar Unicorns: What Is Anaplan’s Product Strategy?

According to a recent report, the global cloud ERP market is projected to grow 8% annually over the next few years to $28 billion by 2022. During the same period, the North American cloud ERP market is estimated to grow to $11.1 billion in 2022. San Francisco-based Anaplan has had a roller coaster ride recently. The […]
This Time Is Different, Manufacturing Payrolls Edition

This Time Is Different, Manufacturing Payrolls Edition

The monthly Employment Situation Report will always be one of our favorite releases not just because it’s so economically relevant, but because of how many interesting details there are in the data. This month, the BLS reported a very strong 31,000 net new jobs created in the manufacturing sector, with upward revisions bringing January’s total […]