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Month: August 2023

Cryptocurrencies

Forward Guidance: Core US Inflation to Tick Lower Again in July

Year-over-year growth in U.S. consumer prices likely ticked slightly higher for the first time in a year in July – gasoline prices didn’t move much this July but a larger 8% drop in July a Read more…

By , 3 years ago August 4, 2023
Cryptocurrencies

Forward Guidance: Core US Inflation to Tick Lower Again in July

Year-over-year growth in U.S. consumer prices likely ticked slightly higher for the first time in a year in July – gasoline prices didn’t move much this July but a larger 8% drop in July a Read more…

By , 3 years ago August 4, 2023
Cryptocurrencies

US Inflation Report Coming Up as Dollar Storms Higher

The spike in US yields this week gave the dollar a boost, but the longevity of this recovery will be decided by the next edition of US inflation. According to the Cleveland Fed Nowcast model, Read more…

By , 3 years ago August 4, 2023
Cryptocurrencies

US Inflation Report Coming Up as Dollar Storms Higher

The spike in US yields this week gave the dollar a boost, but the longevity of this recovery will be decided by the next edition of US inflation. According to the Cleveland Fed Nowcast model, Read more…

By , 3 years ago August 4, 2023
Cryptocurrencies

Dollar Dips as Labor Market Slowdown Bolsters Case that Fed is Done Raising Rates

USD/JPY declines on expectations BOJ will let rates rise quickly Fed rate cut bets fully priced in by March meeting; implied rate stands at 5.123% Fed’s Bostic noted US employment gains are slowing in an Read more…

By , 3 years ago August 4, 2023
Cryptocurrencies

US: Payrolls Continue to Slow on a Trend Basis in July, While Unemployment Rate Ticks Lower 

Non-farm payroll employment rose by 187k in July, a hair below expectations calling for a gain of 200k. Revisions to the two prior months were weaker, subtracting 49k from the previously reported figures. Hiring over Read more…

By , 3 years ago August 4, 2023
Cryptocurrencies

Canada employment down -6.4k in Jul, unemployment rate rose to 5.5%

Canada employment fell -6.4k in July, below expectation of 15.5k growth. Unemployment rate rose from 5.4% to 5.5%, matched expectations, and marked the third consecutive monthly increase. Average hourly wages growth jumped from 4.2% yoy Read more…

By , 3 years ago August 4, 2023
Cryptocurrencies

Labor Market Data May Send The USD Down

To properly examine the likely outcome of the Labour data release and the NFP (Non-farm Payrolls), I will be correlating the USD with the value of gold. That said, gold is at a critical juncture Read more…

By , 3 years ago August 4, 2023
Cryptocurrencies

Labor Market Data May Send The USD Down

To properly examine the likely outcome of the Labour data release and the NFP (Non-farm Payrolls), I will be correlating the USD with the value of gold. That said, gold is at a critical juncture Read more…

By , 3 years ago August 4, 2023
Cryptocurrencies

Labor Market Data May Send The USD Down

To properly examine the likely outcome of the Labour data release and the NFP (Non-farm Payrolls), I will be correlating the USD with the value of gold. That said, gold is at a critical juncture Read more…

By , 3 years ago August 4, 2023

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