84 episodes
FXCM Market Talk Your Trading & Finance Podcast FXCM
-
- Business
FXCM's podcast where their senior market specialists consider and analyze various market fundamentals and intermarket relationships. Our analysis is current, relevant, and most importantly - interesting. We also look to bring you important and informative interviews. Please listen closely to the read disclaimer at the beginning of our podcasts.
-
084 – Jobs data suggests slowdown but not enough to change Fed policy
The non-farm employment change published at 209K. This was lower than the 224K expected and lower than the last print at 306K. These are signs of cooling down, but the job market remains overall strong. The Fed minutes were released last Wednesday but did not give us any new information and a 25-bps hike is still likely at the Fed’s next meeting. This week UK jobs data showed high average earnings, which will be a concern to the Bank of England. Later in the week we get US inflation
data and Q2 earnings is set to kick off with the big banks’ earnings and Delta airlines. We also see central bank releases from the Reserve Bank of New
Zealand and the Bank of Canada. -
083 – Powell delivers on hawkish tone at Sintra Symposium
At the ECB’s symposium in Sintra, Portugal, Fed Chair Powell was hawkish, looking to align markets with the latest dot-plot projection of another two interest rate hikes for this year. US final GDP printed significantly higher than preliminary indications. Headline PCE declined but the core number was sticky. This week, the US celebrates its Independence Day holiday, with the first two days having light liquidity. Wednesday sees the FOMC minutes released, and Friday has the US non-farm employment change scheduled.
-
082 – UK inflation prints red hot and BoE surprises with 50bps hike
Last week, Fed Chair Powell testified on Capitol Hill with a hawkish testimony, but it was the UK inflation print and BoE’s 50bps hike that got the markets attention. This week is the ECB Sintra Forum with Wednesday scheduling a key panel discussion. Inflation prints out of the US, Canda, Australia, and Eurozone will be keenly followed, with final GDP numbers out of the US and UK towards the end of the week.
-
081 – Market expects Fed pause but it is going to be close
China CPI and PPI disappointed last week. This week US CPI will be released on Tuesday and the Fed statement is scheduled for Wednesday. The market is pricing in a pause but given the RBA and BoC surprise hikes last week, it is going to be close. Thursday has the ECB expected to hike by 25 bps and Friday will see the BoJ Policy Rate announcement. Tune in to this week’s podcast as our analysts discuss these stories.
-
080 – Reserve Bank of Australia surprises with 25 bps hike
Last Friday’s NFP surprised to the upside printing at 339K – 193K was expected. Fed speakers talk about a skip in rate hikes and markets have repriced around this. Saudi Arabia announced a 1 million barrels/day cut for the month of July with an option to extend. The Reserve Bank of Australia surprised markets with a 25-bps hike but Bank of Canada is still expected to hold. On Friday we get another measure of Chinese demand as it releases its CPI. These plus more in this week’s podcast.
-
079 – Market reprices rate path following inflation data
Last week saw inflation coming in ahead of expectations. This has led to markets repricing the path of Fed hikes. US GDP came in better that expected but German GDP reflects technical recession. After a 90-minute call on Saturday, there is a debt ceiling deal which needs to be ratified by both Houses. Non-Farm Payrolls will be released this Friday, providing the next clue for rates. Listen in for these stories and more.