Monthly Archives: July 2023

Please be advised that the trading of EU Stock Deutsche Post AG (DPW) on Vantage’s platforms has been set to close-only on 04 July 2023 until further notice.

The first Friday of the month brings with it the monthly non-farm payrolls, a defining economic report for the US. While inflation data may currently be trumping the employment numbers in importance, there is always widespread excitement about the jobs release. This time around, the Fed remains very much data dependent with the recent data […]

June has seen markets adjusting to the next page in the central banker’s playbook to combat sticky and stubborn inflation as broader economies remain relatively resilient. Headline CPI rates are coming down, but the core prints, which exclude volatile food and energy prices, are proving more difficult to tame. In the US, low unemployment rates […]

Headlines * Top central bankers see further tightening to counter sticky inflation * Fed’s Powell does not rule out rate rises as coming meetings * Chipmaker Micron beat son booming AI demand, easing glut   * Asia shares subdued as yuan pessimism lingers FX: USD is trading higher for a second consecutive day this morning. […]

FX: USD traded lower and closed below the 50-day SMA at 102.71. Month-end selling seems apparent despite strong US data. The 2-year yield slid to a low of 4.65% before closing near the high of the day around 4.75%. The 10-year yield rebounded off the 200-day SMA at 3.69%. It remains in the recent range […]

Headlines * IMF warns central banks of “uncomfortable truth” in inflation fight * Nasdaq falls over 1% to start final week of first half as tech struggles * Gold slumps as rate hikes push real yields higher * Dollar bounce stalls ahead of US durable goods and housing data FX: USD traded in a narrow […]