“Friday’s U.S. payrolls report might have little bearing on next week’s Federal Reserve decision, after top officials clearly indicated readiness to raise rates March 15. But…”
Category: dollar
More Trouble
I don’t know if maybe you noticed, but this is playing out exactly like I
Dammit, Who’s “Sherlock” Here? BofAML Weighs In On A Fed That’s Behind The Curve
“While this has allowed the Fed to have its cake and eat it too at the March meeting, in our view there could be a bigger sign from the markets to the Fed: financial conditions could be at the cusp of signaling that policy is behind the curve.”
Goldman’s Warning: “The ‘Yellen Call’ Is Back In The Money”
“As Fed speak over the past few weeks makes clear, the ‘Trump rally’ has aggressively pushed the ‘Yellen call’ back into the money, as we feared.”
Trump To Fed: “Bow Down To Caesar” Or Risk “Horrifying Misstep”
“The institutional threats they face make the thought of any misstep horrifying. With all of the sniping from other parts of Washington and the looming new appointments, they understand the need to be the perfect Caesar’s wife. A lot to ask as they disengage the policy auto-pilot of the last eight years.”
No Trouble In Little China And Nothing Doing In Oz
It was a relatively quiet overnight session on the news front, although you wouldn’t know
Don’t Be A “Killjoy”, Richard
“I feel like a bit of a killjoy. I can’t quite bring myself to try to play the hero and call the end of recent moves. But I’m close.”
7 Signs Of The (Market) Apocalypse
“While we’re not (yet!) expecting the equivalent of the fall of the Roman Republic, we are nevertheless very suspicious of the presumption that recent technical strength can continue.”
The Queen Bee Speaks: Full Yellen Summary
“Fed Chair Janet Yellen says an increase in fed funds rate will likely be appropriate at FOMC’s March 14-15 meeting if policy makers determine that employment, inflation continue to evolve in line with expectations.”
One Bank Asks: “Where Have All The Doves Gone”?
One of the things you might have noticed is that the Fed is looking at a
“It’s The Reflation Trade, Baby!” These Are The Levels To Watch On Friday
“If two-year Treasury yields close above 1.3% but 10-year yields linger below 2.5%, then a hike is expected but it’s being perceived as a potential policy mistake. If we close above both levels, it’s the reflation trade, baby.”
“All Eyez On Me”: Yellen, Fischer Are Up To Bat
It kind of feels like everyone is ready to get this week on the books.
“The Data Doesn’t Even Matter”
So just a few minutes ago, I said that “basically, the message is that unless
Get This Through Your Damn ‘Brain’ard
So basically, the message is that unless the S&P were to suddenly collapse, the Fed
Goldman: Dollar Subject To “Quick Upside Repricing,” Structural Strength
Regardless of whether you agree with how the market is now pricing the odds for a March hike, you should think about the extent to which policy divergence between the Fed and the BoJ/ECB is for all intents and purposes inevitable.
2-Year Yields Highest Since 2009 While German Yields Argue With Soaring Inflation
One thing you might want to note is that 2Y yields hit their highest level
With Odds Of March Mushroom Cloud Lower, Time For Trump Economic Team To “Muddy Those Expensive Loafers”
The political scientist in me is a little annoyed with some of the overnight Street
Chaaarge! Global Rally Is Back As Trump Discovers Teleprompter Is His Friend, Fed Speakers Talk Up March
It would be a stretch to say he “did a good job.” It felt like we were watching a man who had been told, in no uncertain terms, that this was most assuredly not the time to play presidential Mad Libs.
No, Janet Yellen Does Not Need To Wait On Donald Trump
Think back to last month. I know that’s really f*cking hard because with Trump in
Behold: The “Trump Trade Fade” In 2 Charts
Suddenly everyone cares about those cross-asset correlations I’ve been harping on since the election. Just
“Steve Bannon Didn’t Get Trump This Far By Not Using The Opposition Against Itself”
Boy, oh boy, Tuesday morning’s missive from former FX trader turned Bloomberg contributor Richard Breslow
“Big League?” Why The Market Is “Less Euphoric” On Tuesday Trump Speech
Tonight’s the night – as they say. Donald Trump will deliver his highly anticipated speech
Markets Frozen As Batsh*t Crazy Trump Speech Awaited
It’s all quiet on the Western and Eastern fronts as the market sits in suspended
This About Covers It: “It’s A Confusing, Annoying, Topsy-Turvy World”
“I understand that it’s frustrating to hate the world and have to watch equities continue higher. But frankly it’s a lesson you should have learned over the last eight years.”
“Just Imagine How Messy This Could Get!”: One Trader Warns On Yen-Sanity
“The yen market is offside and being short-squeezed. This looks set to sustain even amid resilience in equities, but just imagine how messy the move could get if U.S. shares crash to converge with how other assets are trading”…
Political Ping Pong, A “Pounding,” And A Market Awaiting Trump
Well, we start in FX land on Monday morning and as has become the norm
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