BOE Dec Rate Hike In Doubt Following New COVID Restrictions
Deja Vu In The UKIn a situation which was eerily reminiscent of this exact time last year, the UK government took the market by surprise last week with the announcement of a move to “Plan B” measures....
The Crude Chronicles - Episode 116
Oil Traders Cut LongsThe latest CFTC COT institutional positioning report shows that oil traders reduced their net long positions further last week. Upside bets in oil have now been steadily reduced...
Bank of Canada December Meeting Preview
BOC Up NextThe key event focus today will be the Bank of Canada rate decision. Given that the BOC has been among the more hawkish of the G10 central banks, there is plenty of attention on today’s...
Rebound in Bond Yields, Oil Eases Adding Bearish Pressure to USD
The rebound in oil met some resistance on Tuesday late in the session as markets apparently realized that it’s a bit premature to completely discount potential negative impact from the new Covid...
EURUSD Looks Vulnerable on Dampening Covid Risk, Aggressive Fed
Markets continue to price in a positive view on how the story with the new covid strain will unfold. In addition to the positive statements of influential health officials in leading countries such as...
Aussie Rallies On Better Risk Tone & Optimistic RBA
AUD Rallies On Risk DriveThe Australian Dollar is bouncing back this week. After getting slammed across the whole of November, the current rally is little but a footnote on the month’s decline, though...
Imbalance in the US Labor Market Forces the Fed to Put Brakes on Expansion
The headline figure of November NFP - employment gains – came much weaker than expected. However, details of the report were positive for the markets. The labor force continues to slowly return to...
What Does The November NFP Mean For The Fed?
NFPs UnderwhelmIf Friday’s US data left you scratching your head, don’t worry; you’re not alone. Without even knowing the numbers from the release, one glance at the price action around the data (DXY,...
Precious Metals Monday 06-12-2021
GoldGold prices have started the week in a muted fashion following a mixed set of US employment data on Friday. The headline US NFP figure came I well below expectations at 210k versus 553k expected....
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