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Despite inflation running persistently hotter than the Federal Reserve’s target, Fed Chair Powell has insisted it’s transitory and has remained ever-patient.
The Nonfarm Payroll report certainly gave a lot to unpack: although August can be a wonky month, the impact from the rise of Covid-19 cases due to the Delta variant was clear.
Treasuries have traded lower on the news of House Democrats' massive budget and in anticipation of the added supply via today’s $61 billion in 5-Year Notes being auctioned. In our opinion, this could just be a start.
Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.
It’s now less about a taper announcement, because it’s certainly coming, and more about the pace the Fed tapers its $120 billion in monthly asset purchases.
Is inflation transitory? The debate is front and center. Data for July is expected to increase but at a slower pace than the last three months.
Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.
Travel stocks, Financials, Industrials, and Energy have all suffered. However, we see the potential for a strong rebound in these sectors upon steady to slightly better economic data heading into the July 4th holiday.
Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.
The first half of the week can be characterized by Fed speak, but infrastructure is now attracting headlines, and so will the economic data.