Events to Look Out for Next Week

Retail Sales (AUD, GMT 01:30) – Following the unexpected bounce in the preliminary release, the final March retail sales is expected to hold at 1.4% m/m. Tuesday – 11 May 2021 Consumer Price Index (CNY, GMT 01:30) – The Chinese CPI for April is forecasted […]

NFP – Live Analysis

For today’s key NonFarm Payroll data release, 980,000 remains consensus. Weekly unemployment claims yesterday finally broke below the 500,000 level for a post pandemic low but the private ADP payrolls on Wednesday missed expectations of 872,000 to register 724,000 new jobs for April. Will NFP […]

Greenback and Loonie on backfoot ahead of Labour data

The April nonfarm payroll estimates vary from 850k to 978k, though market estimates are skewed to the high side of the forecasts likely due to big declines in initial claims through the month, and big increases in both consumer confidence and producer sentiment. Yet, that […]

Market Update – May 7 – USD weaker ahead of NFP

Market News Today – USD moves lower, (USDIndex down (0.45%) to 90.80 earlier), EUR and Sterling both bid. Equities all closed higher (new ATH for USA30, USA500 +0.82%) Financials biggest gainers. Commodities tear continues GOLD breaks $1820. 10-yr Yields slip with USD to 1.568%. Asian […]

Weekly Claims breach the significant 500,000 level

EURUSD, H1 US initial jobless claims dropped -92,000 to 498,000 in the week ended May 1, more than expected and posting another new post-covid low, after sliding -13,000 to 590,000 (was 553,000) previously. Just before the US economy closed last year, claims were at 256,000 […]

Adidas: Q1 2021 Earnings Preview  

This Friday (7th May 2021), Adidas AG (#adidas) – the largest sportswear manufacturer in Europe and the second largest in the world – will release its earnings report for the first quarter in 2021. Following the launch of its “Creating the New” strategy in March […]

Live market analysis: BoE No Change but with a dissenter

Join us below for a live commentary on the BoE rate decision and monetary policy report as warnings that inflation pressures may not be transitory are getting louder. The BoE left the repo rate unchanged at 0.10% and the QE total unaltered, as had been […]

May 6, 2021 Fidelity, Moderna and Regeneron Report

Fidelity “FIS” is a global financial services technology company and a leader in providing technology solutions to merchants, banks and capital market firms worldwide. The company is dedicated to upgrade the way the globe and banks pay and invest by applying their benchmarks, deep expertise, […]

Market Update – May 6 – GBP in focus ahead of BoE & Elections

Market News Today – USD consolidates, (USDIndex holds PP at 91.25), Equities closed mixed (new ATH for USA30, USA100 down 0.37% as rotation away from tech continues). The AUD fell over 0.5% as China said it will “indefinitely suspend” all activities under the China-Australia Strategic […]

Midweek Market Podcast – May 5

The first week of the new month brings about some ‘high’ rated risk events, with the Bank of England meeting and Non-Farm Payrolls at the center. Overall, pressure on central banks to take the foot off the accelerator, and start to scale back asset purchases […]