BofA signals reversal for USD downtrends after labor data resilience

If you’ve ever stepped foot onto the dance floor at a club, you know it’s all about the vibes. The energy, the music, and, of course, the dance moves that seem to spread like wildfire. A good dance in the club isn’t just about your body—it’s about syncing with the crowd, feeling the rhythm, and…

It’s a bull market in many markets at the moment but certainly not in oil, which is likely to get more bad news on Sunday. Initial reports about Saudi Arabia pushing for a further production hike circulated on Friday and lowered crude by $1.51 but it’s likely to fall even more if/when the hike is…

Markets navigated several themes on Wednesday as traders juggled a cocktail of inflation surprises & Fed drama. The big action of the day surrounded anonymous reports of Trump potentially firing Fed Chair Powell, sending ripples through all of the major markets and creating very mixed outcomes from the usual market correlations. Here are headlines you…

European economic activity expanded by more than expected in August, according to the latest flash PMI numbers. The composite reading for the bloc rose to 51.2, up from 50.2 in July.Even so, the wider growth picture remains grim. Once adjusting for the impact of the Olympics, we think that underlying private sector activity in the…

It was a jam-packed trading week as top-tier economic data, an ECB rate cut, escalating trade tensions, and Trump’s accusations of currency manipulation fueled volatility across FX markets. Source link