As predicted, close to parity on the Private sector, manufacturing is getting pummelled, next reading is in deep red, GBP can't hold it's strength based on 6% terminal rate, as that will not happen. GBP to be weak over the next month unless US data ...

Weakest rise in UK private sector output for six months in July

If everyone is bearish on the dollar, guess what will happen? Short Squeeze, look at Nasdaq and S&P, typical BS by the modern media. Yes in 5 years will dollar be lower? Absolutely, but right now it will make retail traders pile up on the shorts and ...

US Dollar Bearish Bets Climb to Record High Among Asset Managers

US will also have weak numbers, though not as weak as the EU, so for now Dollar won't be dethroned just yet.

Germany PMI moves into contraction territory in July

Agreed, this is a haven for a day trader, levels are really respected today.

The Employment Situation - June 2023

Although NFP itself was slightly weaker, increase in working hours and earnings, plus unemployment rate going down, there is still huge pressure and very tight labour market, so FED will raise no doubt now. USD to be neutral and for pairs to stay in ...

The Employment Situation - June 2023

That's actually incredible if it's true. If unemployment claims are low + JOLTS Number is lower, that means that US economy is heating again, due to AI for sure, bubble continues to grow. NFP to be around 300k at least IMO.

ADP National Employment Report: US Private Sector Employment Increased by 497,000 Jobs in...

That AI bubble with burst like the .com bubble, only worse as right now people had unlimited access to free money for the last 3 years with insanely low interest rates, wait until that gets caught up + people will have to start paying back their ...

UK construction output falls for first time in five months amid steep downturn in housing...

Construction and Manufacturing now in contraction, Services are slowing down at a rapid rate, next reading will be under 50 or at parity. UK to enter recession in Q3, GBP/USD will stay in 1.22 - 1.27 range until 2024 it seems. Would be interesting ...

UK construction output falls for first time in five months amid steep downturn in housing...

This is complete nonsense, as the PMI is decreasing at an alarming rate, next months reading it will be 50, reading after that will come into contraction. Someone wants to sell the euro at higher prices it seems.

Solid growth in the Spanish service sector in June

US still has stronger stats than EU and GBP, so economic downturn is showing recession whilst inflation metrics are still high, so very high chance of stagflation which boosts DXY and Gold in tandem. Construction spending also went up, so there is a ...

US Manufacturing PMI at 46%; June 2023 Manufacturing ISM Report On Business

The statistics from the US holy... Unemployment claims back below 260, GDP up 2%, PCE slightly down still sticky... this is screaming 50BPS or even more.

Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), and GDP by...

Problem with Japan is the fact that they are the only country on negative rates and yet their inflation cannot surpass 3% which suggests that the economy is in deep trouble.. They start tightening then who will want to invest in Japan? Nobody, it ...

BoJ’s Ueda: Underlying Inflation Is Below Target

Risk aversion not sure what will happen, Wagner is more sadistic and more mentally incapacitated than Putin so if he takes over, this will be insane. Volatile on Sunday open, that's for sure, Dollar Up, Yen Up, Chf up in my opinion until the dust ...

Moscow mayor says "the situation is difficult" and "city services are on high alert" as Wagner...

This is a distaster, as Putin will not surrender and will just make him more desperate and more aggressive... everytime a dictator/leader becomes desperate we had WW2, Cuban missile crisis, cold war etc.

Putin calls armed rebellion by mercenary chief a betrayal and vows to defend Russia

Looking at IG sentiment, too many retail traders are long on this pair, so expect further weakness until the pair starts changing sentiment on the retail front. Today we are seeing retail traders leaving their short and long positions, so it's going ...

The Loonie Could Bring More Surprises

@Bank Of England’s Bailey: We Cannot Continue To Have The Current Level Of Wage Increases - I'll Do What It Takes To Cut Inflation I mean "We’re Not Seeking to Precipitate a Recession" - after saying above, he is probably the most delusional BOE ...

BoE’s Bailey: We’re Not Seeking to Precipitate a Recession

This is a disaster for the UK economy, the mortgage rates are already insane, and this just going to exacerbate the issue. Those idiots don't realise that US has a completely different financial and lending system, and this is like increasing the ...

Bank Rate increased to 5% - June 2023

Imagine if you're thinking of going long on the news, how many other retail traders are thinking the same. Smart money is waiting for the BOE rate hike and guidance that's what more important, everyone now knows how bad of a problem UK has, it's now ...

Consumer price inflation, UK: May 2023

Yes most people think of inflation in terms of core CPI and thats it. You look at producer and raw materials prices to get a real understanding of inflation, but people do not seem to cover it as majority of individuals reporting are not educated on ...

ECB's Rehn: Underlying inflation is easing only gradually

Gradually? Germany's PPI came out today, and there is a drop of -1.4% which is a very steep drop, I do not think the ECB realises the damage they have done to Germany/France/Italy with this (Other countries in the EU are of low importance), the PPI ...

ECB's Rehn: Underlying inflation is easing only gradually