On balance, the macro outlook continues to point to further rate hikes by the Fed.
On balance, the macro outlook continues to point to further rate hikes by the Fed.
ISM was overall a good report, but (investors) are staying on the sidelines until the jobs reports comes out.
The market continues to focus on the lack of yield in the euro-zone, keeping the euro on the defensive.
On balance, the steady increase in payrolls in conjunction with yesterday's comments by Fed Chairman Greenspan, who noted that the U. S. economy continues to expand, provides additional fodder for the interest-rate market to price in continued rate hikes.
Any upside in the greenback today may be mitigated by tomorrow's (Friday's) trade balance figures, which are the key release of the week. If they show a larger-than-expected deficit for June, dollar selling will dominate the theme in the currency markets.
© 2020 Inspirational Stories
© 2020 Inspirational Stories