Category Archive: Finance
EUR/USD: Markets Await The NFP Report
Previous: On Thursday the 31st of August, trading on the euro/dollar currency pair closed up. After dropping to 1.1823, the euro recovered 82 pips to reach 1.1905. I think that the pressure on the US dollar came more from the loonie than from the mixed US data. The Canadian dollar rose by 1.6% against its US […]
Interpreting The August Employment Report
As I write this on Thursday night, very few people know what the August employment report will show. Only the President, Vice-President, and a few top economists get an advance look on Thursday afternoon. The BLS is in lockdown mode for eight days. Media sources get a look on Friday morning, but are cut off […]
Gold Jumps After Weak Inflation Reading
Gold prices rose $12.06 an ounce on Thursday after the Fed’s preferred inflation gauge remained below its annual target and the latest housing data came in weaker than expected. The Commerce Department reported that consumer prices grew 0.1% in July from a month earlier and 1.4% over the past year. The National Association of Realtors […]
Six Banks Join UBS’s “Utility Coin” Blockchain Project
Here’s a piece of news that the remaining human members of Wall Street’s FX sales and trading desks probably don’t want to hear. According to the Financial Times, six of the world’s largest banks have decided to join a blockchain project called “utility coin” that will allow banks to settle trades in securities denominated in different currencies […]
EUR/USD To Stage Larger Pullback On Strong U.S. NFP Report
A 180K expansion in U.S. Non-Farm Payrolls (NFP) paired a pickup in household earnings may trigger a near-term pullback in EUR/USD as it puts pressure on the Federal Open Market Committee (FOMC) to further normalize monetary policy sooner rather than later. Why Is This Event Important: With the U.S. economy approaching full-employment, signs of higher wage […]
Sky-High Markets And Ho-Hum Wages
Friday’s employment data is expected to fall within the “average” levels made during the past 17 years, as shown on the following three graphs. Wage growth hasn’t amounted to much during these years, so that should be a warning to sky-high markets, IMHO…especially if Congress fails to pass income tax cuts and tax reform this year. […]
Loonie Higher After GDP Data
The Canadian Dollar rose more than 1% versus the US Dollar yesterday after the release of Canadian GDP data showed an unexpected jump in the second quarter to 4.6% (quarter-over-quarter) against forecasts that productivity would be flat over the period. That has bolstered sentiment among FX traders that the Bank of Canada will likely hike […]
Markets Remain Resilient
U.S. equities continued their advance despite a jump in gasoline prices amid the impact of Hurricane Harvey, as well as a mixed bag of economic news and continued anxiety surrounding political and global monetary policy uncertainty. Treasury yields were little changed and the U.S. dollar was modestly lower, while crude oil prices and gold were […]
The Most Useful Leading Indicator Of The Global Boom-Bust Cycle
The long-term economic oscillations between boom and bust are caused by changes in the money-supply growth rate. It can therefore make sense to monitor such changes, but doing so requires knowing how to calculate the money supply. Unfortunately, most of the popular monetary aggregates are not useful in this regard because they either include quantities […]
What Are The Top 10 Strongest Economies In The World?
When evaluating the state of the global economy, it really helps to know who the major players are and how their businesses and resources can effect the businesses and resources in other countries. On GradMoney, I like to talk about the economies and the respective data of many different nations to give you as sense […]
