FOMC

Powell and committee emphasized conditions to taper their monthly asset purchases are near, but most importantly continued to disassociate those conditions from that of a rate hike.
Was yesterday’s strength the next step in the playbook, a rebound that sets course for new record highs? Or was the selling too orderly, leaving unfinished business?
In the U.S., we look to more news on the jobs front with JOLTs Job Openings for July due at 9:00 a.m. CT. Expectations are for the read to recede from June’s record of 10.07 million vacancies to 10.0 million.
Although there’s been a clear deviation from the ADP Payrolls read and the official Nonfarm data, markets will certainly be paying attention.
Expectations have mounted for Fed Chair Jerome Powell to more clearly, if not officially, communicate a timeline to begin tapering the Federal Reserve’s monthly asset purchases at his Jackson Hole speech on Friday.
Despite a powerful finish, there was little follow through overnight and all 4 major U.S. benchmarks are lower at the onset of U.S. hours with the Russell 2000 leading.
Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.
Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.
U.S. benchmarks again retreated at 3:00 a.m. CT. This time, it was on the heels of aggressive comments from China’s President Xi, who called for foreign countries to end their “bullying” of the communist nation.
Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.