US Federal Appeals court rules that most of Trump’s tariffs are illegal
On Friday evening, the Federal Circuit court struck down the vast majority of US President Donald Trump’s tariffs, ruling them…
Category: Signals
investingLive Americas FX news wrap: Core PCE in line, Alibaba develops new AI chips
It’s been a pretty quiet session on the data and news side, but a lively one on the markets front.…
Fed’s Daly repeats that it will soon be time to recalibrate policy
It will soon be time to recalibrate policy to better match our economy. Both mandates are in tensions now. Tariffs…
The US dollar ends the month lower. Will September be the same?
The US dollar will likely finish the day at the lows today. It’s been a rollercoaster week with the greenback…
Baker Hughes US oil rig count 412 vs 408 expected
Prior 411 Total rig count 536 vs 538 prior Gas rigs 119 vs 122 prior This is not a market…
Dallas Fed Trimmed Mean PCE for July +1.9% vs +3.4% prior
1 month annualised +1.9% vs +3.4% prior 6 months annualised +2.6% vs +2.8% prior 12 month annualised +2.7% vs +2.7…
Judge did not rule on the dismissal of Fed Governor Lisa Cook today
The Judge asked more time to preserve the status quo while she considers the merits of the legal fight. The…
France Q2 final GDP +0.3% vs +0.3% q/q prelim
Prior +0.1% No changes to the initial estimate with the breakdown showing contributions from consumption (+0.10%) and inventory changes (+0.52%),…
Gold rises back to the upper bound of a 4-month long range. Will we get a breakout?
The upside in gold has been supported since Powell’s dovish tilt last Friday. Inflation expectations kept on climbing, while Treasury…
Next week’s ADP report might be the most important of the year
The ADP data has diverged with the NFP many times in the past. We’ve seen countless times the market moving…