Tag: Finance

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Risk Assets Bounce Back on Data and Presidential Trump Despite Hurricane Harvey, North Korean Missile Test

This past weekend brought little respite for risk assets and the U.S. dollar due to the combined effects of Hurricane Harvey hitting the Gulf Coast and North Korea conducting another missile test.  Harvey dumped what has amounted to over 50 inches of rain in certain areas throughout Texas and Louisiana, which included the fourth biggest … Continue reading Risk Assets Bounce Back on Data and Presidential Trump Despite Hurricane Harvey, North Korean Missile Test

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Euro Surges on Lack of Policy Discussion from Yellen and Draghi at Jackson Hole

Last Friday, Federal Reserve President Janet Yellen and ECB President Mario Draghi headlined the Kansas City Fed’s Annual Conference in Jackson Hole, WY.  Their much anticipated speeches were looked to as potential platforms for the central bankers to relay key information regarding policy decisions for the coming months.  Market participants were looking to Yellen to … Continue reading Euro Surges on Lack of Policy Discussion from Yellen and Draghi at Jackson Hole

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Currencies and Yields Tread Water Ahead of Jackson Hole Conference

Markets broadly traded sideways through the beginning of this week, while anticipation grew for the multi-day symposium in Jackson Hole, WY hosted by the Kansas City Fed.  As significant data releases were lacking throughout the week, markets took their cues from political developments and policy rumors across the globe.  On Monday evening President Trump revealed … Continue reading Currencies and Yields Tread Water Ahead of Jackson Hole Conference

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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

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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

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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

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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