FX Volatility Abounds Amidst Data, Fed Minutes, and U.S. Political Drama

Although it’s barely midway through the trading week, markets have had more than enough to digest since Monday to call it quits early.  Unfortunately, with the lack of holidays in mid-August, the show must go on.  The week started off on a bright spot on Monday as geopolitical tensions eased over the weekend between the … Continue reading FX Volatility Abounds Amidst Data, Fed Minutes, and U.S. Political Drama

Dollar Slides, Bonds Rally Amid Geopolitical Tensions and Poor Inflation Data

At the end of what has been a rough week for the dollar and risk assets overall, no help was found in the release of U.S. Consumer Price Index (CPI) data or from the Minneapolis Fed President Neel Kashkari.  The 0.1% increase for the CPI in July disappointed investors which had expected a 0.2% increase. … Continue reading Dollar Slides, Bonds Rally Amid Geopolitical Tensions and Poor Inflation Data

North Korean Saber Rattling Creates Demand for Safe-Haven Assets

Geopolitical tensions rose Tuesday afternoon as pointed rhetoric was exchanged between President Trump and North Korea’s leader, Kim Jong Un.  The buildup to Tuesday afternoon started, however, on July 28th when North Korea tested its second intercontinental ballistic missile (ICBM).  The missile was estimated to have put U.S. mainland cities such as Los Angeles and … Continue reading North Korean Saber Rattling Creates Demand for Safe-Haven Assets

July Non-Farm Payrolls Boost Dollar, Adjust Fed Expectations

Friday morning brought a pleasant surprise for U.S. markets ahead of a hot summer weekend.  July U.S. Non-Farm Payrolls came in at 209,000 jobs created, which was significantly above estimates of 180,000.  This led to a reduction in the unemployment rate to 4.3% from 4.4%, which matched estimates.  The lower unemployment rate comes despite a … Continue reading July Non-Farm Payrolls Boost Dollar, Adjust Fed Expectations