The AUD/USD weekly forecast points south after Australia’s inflation figures increased expectations for Reserve Bank of Australia rate cuts.

The newly elected Labour government’s decision to cancel these projects reflects a shift in priorities.

Many view the yield curve steepening as a recession confirmation indicator, but the signal is not that reliable. However, the sudden steepening does add to other data that also suggests recession.

With unemployment rate at 4.3% (beating expectations by 0.2%), this is roughly where it‘s usually starting to rise faster in the months ahead as temps and overtime go-tos have been depleted already.

It is hard for me to rationalize Friday's total market collapse based on the continuing facts on the ground

The market has enjoyed a great 2024 so far, with a resilient economy and favorable earnings results providing positive tailwinds. However, the positivity hasn’t been felt by all stocks, including apparel favorite Nike. Is it due for a comeback?

The S&P 500 witnessed a rather varied performance throughout the month of July. The month started with upward momentum from late June, before peaking around mid-July at approximately 5,680.

The storm passing across Northern Florida is expected to move back into the Atlantic around the Aug. 6-8 timeframe. This would leave the remainder of the Central US in an arid weather trend.