Monthly Archives: May 2021

Friday May 7th, 2021

The US$ dips, oil prices are flat, equity markets are mixed and US yields inch higher ahead of US Nonfarm Payrolls data today. NFP expectations range widely from 700k all the way out to 2mio, with most economists are expecting 1 million new jobs were added in April. Thursday, Fed Brainard warns of h...
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Thursday May 6th, 2021

Oil prices are steady while the US$, US yields and equity markets are weaker as markets await the US Initial Jobless claims. Initial jobless claims at 8.30am est with markets expecting 540k vs 553k previous week and the results will set the tone for Fridays NFP data. The Fed will release its financi...
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Wednesday May 5th, 2021

Oil prices higher, equity markets are mixed, US$ is flat, while US yields edge higher sparked by the Treasury Secretary’s mixed comments. Treasury Secretary Yellen statement that “interest rates will have to rise somewhat to make sure our economy doesn’t overheat”, appeared to have hit a ner...
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Tuesday May 4th, 2021

The US$ rallies, oil prices extend gains, equity markets are mixed and US yields strengthen as safe-haven buying returns. Fed Chair Powell comments yesterday described the US recovery as “patchy” and stressed that unemployment in the lower wage bracket is still elevated. The US$ is expected to e...
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Monday May 3rd, 2021

Equity markets are mixed, oil prices and the US$ dip, while US yields holds steady as markets focus on US Manufacturing PMI data today. Markets are expecting a positive PMI number, which could set a positive tone for Fridays US NFP. The US$ remains under pressure suffering its fourth week of losses,...
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