Quick Thoughts: Japan PM Ishiba Resigns
Initial thoughts and reaction to Japan PM Ishiba’s weekend resignation announcement.
August 2025 US Employment Report: Locking In A September Cut
The August US jobs report pointed to labour market momentum continuing to wane, keeping the FOMC on track for a 25bp cut later in the month.
A Loss of Fed Credibility? Markets Weigh Trump’s Push to Remove Governor Cook
Trump’s bid to fire Fed Governor Cook raises fears of lost independence. See how markets price credibility risk, rate cuts, USD moves, and gold.
Markets Plod Along Into August Jobs Report
Thursday proved a rather dull day as markets largely took the path of least resistance amid a lack of major catalysts, and as conviction remained lacking into today’s US jobs report, which may not be as consequential as most expect.
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.
Green Shoots in Australia’s Economy: What It Means for the AUD
Australia’s Q2 GDP beat forecasts at 1.8%, lifting growth to ‘potential’ and supporting AUD upside. Explore the impact on rates, equities, and FX markets.
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.