Mixed announcements bring dollar down

Higher Jobless Claims in the US overshadowed any increased hope of the Democrat in the US House of Reps $2.2 trillion coronavirus relief being voted in. The US Federal Reserve also came out with mixed messages on inflation and employment which had the markets spinning.   After a tough run this week the AUD/US has […]

The Week Ahead

It almost seems like every week is a big week lately. This one is no different. Looking at the economic calendar below and only highlighting the high impact announcements, we see a lot of red. Chart is set at GMT + 10 West Pacific Standard time Monday Starting the week off we China, Great Britain […]

FED no surprises. Next Aussie jobs

The US Federal Reserve gave no surprises in its monetary policy meeting. Powell statement mentioned unemployment is likely to be at 7.6% at years end as opposed to 9.3% as previously forecast. GDP will contract form 6.5% to 2.8% and monetary policy will remain as they are for now but hinted they will adjust if […]

Markets today-Dollar strengthens ahead of data. Others not so lucky

We are seeing a climb in the dollar ahead of the the Fed Powell’s speech. We have seen a drop in the Conference Board’s Consumer Confidence falling to 84.8 in August making for a sloth paced recovery. We are however seeing hopes for a Coronavirus vaccine grow momentum as Cambridge has been offered funding from […]

US Federal Reserve Minutes. What’s to come?

The Fed took a defiant step forward in the war against the coronavirus. At least financially, after intervening in March with the bank’s rate and loan program.However many are concerned that the Fed is not looking to far into the future when making its decisions. Although NFP came in better than expected, we still must […]