Category Archive: Finance, No picture
USD/JPY: The Dollar Wins When Safe-Havens Lose
This was the week: Stocks recover, and so does the pair US President Donald Trump tweeted about a fruitful conversation with Chinese President Xi Jinping. The phone call came ahead of their meeting at the G-20 Meetings in Buenos Aires later this month. The top topic is trade. The clash between the world’s largest economies over […]
An Imminent China-US Trade Deal: Signal Or Noise?
With global markets extending on torrid gains for the second day in a row on what has been just one catalyst: Trump’s apparent easing in tone over the trade war with China, which started with a Thursday morning tweet (just as the market had turned red after a disappointing mfg ISM report) saying trade discussions […]
Gold Stocks’ Winter Rally 3
The gold miners’ stocks suffered a rough late summer this year. A rare forced capitulation walloped them to deep new lows, short-circuiting their usual autumn rally. That’s left this sector anomalously low as the subsequent winter rally gets underway, gold stocks’ strongest seasonal surge of the year. Starting from beaten-down levels after skipping the prior […]
September Trade Deficit At $54.02B
The U.S. International Trade in Goods and Services, also known as the FT-900, is published monthly by the Bureau of Economic Analysis with data going back to 1992. The monthly reports include revisions that go back several months. This report details U.S. exports and imports of goods and services. The Bretton Woods agreement, which established a […]
Payrolls Exceed Expectations At 250,000 Jobs, Unemployment Rate Steady At 3.7%
The BLS reports jobs expanded by 250,000 vs the Econoday consensus estimate of 190,000 jobs and ADP at 227,000. Initial Reaction After revisions, job gains have averaged 218,000 over the past 3 months. That a solid set of numbers. Let’s dive into the details in the BLS Employment Situation Summary, unofficially called the Jobs Report. Job […]
October Jobs Report: Probably The Best Report Of The Entire Expansion
HEADLINES: +250,000 jobs added U3 unemployment rate unchanged at 3.7% U6 underemployment rate declined -0.1% from 7.5% to 7.4% Here are the headlines on wages and the broader measures of underemployment: Wages and participation rates Not in Labor Force, but Want a Job Now: rose +72,000 from 5.237 million to 5.309 million Part time […]
Strong Jobs Numbers And The Moves Yesterday All About China And US Relations
(Audio length 00:15:03) Chris Temple and I discuss the US jobs data released today that was strong accords the board. Most importantly was the wage growth numbers that are now growing at 3.1% y/o/y. This will further drive inflation expectations and make the Fed stick to its rate hiking path. As for the moves yesterday, […]
Will The US Mid-Term Elections Boost Gold?
Democrats take control of the Congress and move Trump out of the White House. Sounds unbelievable? So what is probable and what is not? We invite you to read our today’s article about the upcoming US Mid-Term Elections and find out what are the likely consequences for the gold market. Elections are approaching the US […]
E Danish CEOs
Thanks to a report on IBM which I read yesterday, I found a new English language trap for foreigners. The analyst wrote that with its new cloud offering after a takeover, IBM’s existing customers might decide to “resign contracts” they had with Big Blue and increase its revenues. The writer meant to say that its […]
NFP Recap: Impressive Growth Continues, But Is The “Breakout” In Wages Legit?
Much like we saw with the Bank of England meeting getting overshadowed by Brexit developments earlier this week, traditional market-moving economic releases are taking a back seat to geopolitical developments in the US as well. Today’s Non-Farm Payroll report, usually the marquee economic release of every month, has been partially overshadowed by news that President Trump asked his […]
