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 […]

Move out of the way! Here comes the dollar

After weeks of negative results, like bears to honey you saw them flurry. But you can’t keep a strong bull down. After positive NFP results we have seen the dollar strengthening against its major counterparts. But why the continued trend? A stall in the next fiscal package meaning lower US fiscal spending bring in a […]

AUD/USD Bulls eye out 0.7200

The AUD/USD is holding strong looking to break resistance at 0.7200. The US dollar is holding onto better than expected Non-Farm Payroll figures on Friday as well as escalating Sino-American tensions. The focus for the Dollar remains on fiscal stimulus talks and Gold correcting. AUD/USD technical levels For the Bulls. Consider resistance to be tested at […]

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 […]