The Daily Fix: Traders Position Ahead of Nonfarm Payrolls and Fed Risk
Markets brace for nonfarm payrolls with traders managing risk, Fed cut bets near 100%, and cross-asset volatility expected. Here’s what to watch.
Markets Steady As Duration Sell-Off Stalls
Calmer tones prevailed yesterday as stocks gained, and long-end govvies steadied across DM, though gold continued to charge higher. Today, the ISM services survey highlights the docket.
September 2025 ECB Preview: The Cycle Is Done & Dusted
Having stood pat at the July meeting, the ECB’s Governing Council are again set to hold steady at the conclusion of the September confab, with the easing cycle likely having now come to an end.
China’s AI Stocks Surge: Could CN50/HK50 Be the Next Nasdaq?
CN50 and HK50 have been climbing for consecutive weeks, driven by domestic chip substitution and policy support. Core names like Alibaba, Tencent, and Cambricon are leading the rally. Traders should closely monitor technology execution, capital flows, and valuation pressure.
Markets Liven Up As September Gets Going
Stocks slipped, DM govvies sold-off, the dollar advanced, and gold notched a new record high on Tuesday, as September properly got underway. Today, PMIs, JOLTS, and BoE speakers are in focus.
Here We Go Again With UK Fiscal Fears
UK fiscal fears have resurfaced once more as September gets underway, with Gilts pressured across the curve, and the GBP selling-off as well.
Sluggish Trade On Labor Day
A subdued day for markets, yesterday, with US desks out for Labor Day. Today, the latest eurozone inflation data, and the US ISM manufacturing survey, highlight the docket.
Preview For The August 2025 US Jobs Report
As usual, the first Friday of the month brings our latest read on the health of the US labour market, with the figures set to be closely watched after Fed Chair Powell’s pivot at the Jackson Hole Symposium cemented expectations for a 25bp September rate cut.
Gold Outlook: New Highs Within Reach, Eyes on Non-Farm Payrolls
Strong bullish momentum drives gold toward record highs. Fed rate-cut expectations, safe-haven demand, and Chinese buying converge, with non-farm payrolls as the key near-term driver.
Lots Of Noise, But Little To Move The Needle
A deluge of noise, from a Fed pivot, to a Fed firing, and political shambles on this side of the pond, has dominated the last week, but little has moved the needle overall. This week, the latest US jobs report highlights the docket.