By Jeffrey Halley Wall Street had another schizophrenic day on Friday as May US Non-Farm Payrolls outperformed, rising by 390,000 jobs, slightly less than April, but well above market forecasts of 325,000.
By Edward Moya Robust hiring in the U.S. in May pretty much guarantees the Federal Reserve will move forward with a couple of half-point rate hikes at the next two meetings. US
By Lukman Otunuga, Senior Research Analyst at FXTM Stocks in Asia were shaky on Tuesday morning following the lack of cues from Wall Street overnight due to the U.S. Memorial Day holiday.
By Jeffrey Halley Asian markets are mostly positive Monday morning as Shanghai announced a raft of stimulus measures and both Shanghai and Beijing eased Covid-19 restrictions. The devil is in the detail
By Jeffrey Halley The FOMC Minutes, released overnight, settled a few nerves, temporarily signalling another couple of 50bps rate hikes in June and July before a pause in September. The dreaded 75bps
By Jeffrey Halley The Reserve Bank of New Zealand raised policy rates by 0.50% to 2.0% Wednesday morning, with Governor Orr setting a hawkish tone in the press conference afterwards. In the
By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares and US equity futures flashed red Tuesday morning despite the overnight rally on Wall Street. Investors seem to be on edge, adopting
By Craig Erlam Thursday was another turbulent session after stock markets turned sharply lower on Wednesday with investors fretting over the economic outlook for this year. Results from Walmart and Target this
By Lukman Otunuga, Senior Research Analyst at FXTM It’s a new week but the same old story for financial markets as global growth concerns and inflation fears leave investors on edge. Asian
By Jeffrey Halley It was another night of tail-chasing, this time led by Goldman Sachs that said a US recession is a real possibility and that the US Dollar might fall as
