If risk continues to deteriorate at the pace it has this week and the VIX keeps climbing, we might see USD/JPY break below the 200-day moving average of 151.50.

Manufacturing jobs have a talismanic force in the politics of the US and many other high-income countries.

It’s tough to get a firm handle on this market. One day it looks like a trading rotation into undervalued equities from big run-ups elsewhere, the next day it’s a major selloff across the board.

Delving a little deeper into actual Fed monetary policy we find the reason why, contrary to Selgin, inflation rather than recession has prevailed since 2008.

The NZD/USD pair remains under some selling pressure around 0.5890 during the early Asian session on Friday.

Gold price tumbled to a two-week low on Thursday after the US Bureau of Economic Analysis reported that the economy in the United States (US) fared better than expected in the second quarter of 2024.

The US economy has never had a soft landing. It is possible that we are about to have one.

KC Fed survey joined yesterday's Regional Fed surveys in the doldrums (as did today's plunge in durable goods orders) but of course, all eyes were sternly focused on Q2 GDP's beat.