Trump, COVID and NFP

As it so happens President Donald Trump and wife Melania Trump have both tested positive for COVID-19. Only hours after announcing that the “Pandemic’s end was in sight”. He also spent months down playing the virus as the country lost tens of thousands of lives. The main concern right now is around the fiscal package. […]

The Asian Markets – AUD/USD

Today in the Asian markets we see the AUD/USD flirting around the 0.7300 after recovering from its low of 0.7257. However, any attempt to move beyond this point has been met with much resistance. Even positive unemployment data could’t keep the bears away after Australia recorded only 6.8% unemployment as opposed to 7.5%. Technically its […]

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 […]

US in a spending frenzy during covid

When they want to flex their economic muscle, Americans aren’t shy to do so. Whilst most of  the world is going into lock-down the US has gone into a spending spree with retail sales forecast to rise 1.9% in July. This along with better than expected payroll numbers in July, spending being close to double […]

July NFP 2020 Better than expected or was it?

I hope you all held on to your hats as the storm that was Non Farm Payroll (NFP) swept through the town. Despite  the coronavirus, July NFP figures show that the economy continues to add jobs. NFP came in better than expected at 1.76 million new jobs after economist predicted 1.6 million new jobs. June […]

Too much uncertainty creates volatility

Some disappointing data ahead of the NFP announcement and expectations now looking to a drop in employment figures for July.  The dollar is stronger ahead of the release which is set to unleash high volatility. EUR/USD is trading lower at 1.1850, this a result of  President Trump’s placing an executive order against TikTok and WeChat […]

How TikTok has affected Non-Farm Payroll

The first Friday of every month always feels like when I was at the sports carnival at school, lined up at the starting blocks ready for the 100 meters sprint. You know what the expectations are, you know what the most likely result could be but then one kid falls and before you know it […]

Kiwi unemployment figures expected to spike

Jacinda Ardern has been praised for her handling of the coronavirus pandemic and her countries response to her leadership during such a time. With only 1567 infections recorded and 1523 recovered. However the economy hasn’t weathered the storm. It seems as though the virus has been a burden on the labor market and it shows […]