Goldman Sachs: Cautious on tactical USD/JPY shorts near-term
USD/JPY daily Goldman Sachs expresses caution on holding tactical long positions in the Japanese yen (ie short USD/JPY) in the near term, despite its attractiveness as a hedge against a…
China’s central bank didn’t buy any gold in August
gold monthly China’s central bank didn’t report any gold purchases in August, saying that reserves remain at 72.80 million troy ounces. Reported buying halted in May after many months of…
Did a flawed Goldman Sachs report roil the market on Friday?
On Friday, shares of Nvidia fell 4% and chipmakers dragged the Nasdaq to its lowest in the three weeks. One reason for the sell-off was a Goldman Sachs note from…
The Fed is in a tricky spot – CIBC
There is an undercurrent in economic circles right now and it basically boils down to: The Fed should cut 50 bps but it will probably cut 25 bps. Rick Rieder…
Preview: Why August non-farm payrolls frequently disappoint
Consensus estimate +160K versus +175K prior (range +100K to +246K) July was +114K Private consensus +139K versus +148K prior Unemployment rate consensus estimate 4.2% versus 4.3% prior Prior participation rate…
Biden prepares to block Nippon Steel acquisition of U.S. Steel – report
US President Joe Biden is preparing to block the Nippon Steel acquisition of U.S. Steel, sources tell the Washington Post. Shares of US Steel (X) fell about 6% before being…
EURUSD trades back to session lows and below 38.2% retracement
The EURUSD rebounded on the back of the yield declines at the start of the US session, but has reversed to the downside after the pair tested the highs from…
The August ISM manufacturing index is due on Tuesday
ISM manufacturing US markets are closed on Monday for Labor Day but will come to life on Tuesday including some notable economic data. The highlight is the 10 am ET…
Newsquawk Week Ahead: US NFP & ISMs; BoC, Canada jobs; Australian GDP; Swiss CPI
Mon: US & Canada (Labor Day), EZ & UK Final Manufacturing PMIs (Aug), Chinese Caixin Manufacturing PMI Final (Aug) Tue: Swiss CPI (Aug), Swiss GDP (Q2), Turkish CPI (Aug), US…
China August Manufacturing PMI 49.1 (expected 49.5), Services 50.3 (expected 50.0)
August 2024 official Chinese PMIs from the National Bureau of Statistics (NBS): Composite is 50.1 August Manufacturing PMI 49.1 Services 50.3 expected 50.0, prior 50.2 — The Chinese economy has…
