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.