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US equities were on course to post a third successive day in the red on Friday as strong US labour market data and an inflationary ISM Manufacturing PMI report raised the prospect of a faster pace of Fed tightening this year and next. The S&P 500 was last trading about …

Economic growth will likely slow but it is expected to remain stay positive. It is too early to talk about the risk of a recession in the US, where growth is likely to remain positive for the near future even as it slows down, according to the International Monetary Fund’s …

Commodities wrapped up their best quarter in over 32 years in the aftermath pf Russia’s invasion of Ukraine supercharged a rally in markets from oil to wheat and nickel.The commodities’ rally extends last year’s rebound, which was driven by higher consumer demand for goods and services when the economy reopened …

One of the more reliable warning signals for an economic recession is shining brighter. The yield curve is watched for clues to how the bond market is feeling about the US economy’s long-term prospects. Should Markets Panic?Fed Chair Jerome Powell would say no. Last week, he said that he pays …

According to analysts from TD Securities, today’s numbers reinforce the strength of the labor market. They forecast a 50 bp rate hike in May and June. Data released on Friday showed employers added 431000 jobs during March in the US. The unemployment rate fell to 3.6%. Key Quotes: “We think …

The USD/JPY recovers after dipping 350-pips in the week, rallying above the 122.00 mark on a buoyant market sentiment and the stronger US dollar, lifted by solid US macroeconomic data and prospects of the Federal Reserve hiking rates by 50-bps in the May meeting. The USD/JPY pair is trading at …

Chicago Fed President and FOMC member Charles Evans on Friday said that raising interest rates to just under 2.5% by March 2023 gives the Fed “optionality”. It is not a big risk if that rate-hike path includes “some” 50 bps hikes to get to the neutral rate sooner.Monthly inflation reports …

The headline ISM Manufacturing Purchasing Manager’s Index (PMI) figure fell to 57.1 in March from 58.6 in February, a miss against expectations for a small rise to 59.0, according to the latest release by the Institute for Supply Management (ISM). There was a sharp rise in the Price Paid subindex …

The conflict in Ukraine reinforces downside risks for the Turkish lira according to MUFG Bank. The bank forecasts USD/TRY at 15.250 by the end of the second quarter and at 16.000 by the third quarter. Key Quotes:“The lira has re-weakened against the US dollar over the past month undermined primarily …

The EUR/USD pair dropped further and printed a fresh three-day low during the American session at 1.1026 as the US dollar gained momentum. The bias remains to the downside with the pair set to keep trimming weekly gains.The US dollar strengthened after the beginning of the American session as market …