US Dollar (USD)

Firstly, let's get this out of the way: the Fed is going to raise rates at the conclusion of their two-day meeting tomorrow. 98.3% of experts agree that the FOMC will decide to raise rates by 25bps. The other 1.7% think it will be 50bps.…
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Last night, Goldman Sachs issued a note to clients, downgrading their forecast for the US GDP growth to 2.9% from 3.1% prior. However, that wasn't the headline that got most of the attention from the press. Specifically, it was the…
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Last month's NFP figures took everyone by surprise, coming in well above even the most optimistic expectations. It was one of many factors contributing to speculations that the Fed would become increasingly hawkish. That, in turn, helped…
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Stock markets have been on a roller coaster the last couple of days. That naturally bleeds over into currencies, as traders look to position their investments. On Thursday, European indices dropped by as much as 5.0%, but then opened up to…
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Tomorrow we get the first look at US GDP numbers for the last quarter and the full year. The consensus is that there was a significant acceleration in the economy in the last three months. That included the period of omicron's first…
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Next Thursday we get the latest inflation data from the US, and overall, it could be bad news for the economy. However, there is so much agreement that inflation is going to be high, and most investors are pricing in a rate hike by the Fed…
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A recent analyst note circulated by Goldman Sachs painted a somewhat negative picture for gold this year. The investment firm saw the price of the precious metal heading lower for the foreseeable future, citing primarily the effects of…
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Markets got a bit shaken after we got the ADP employment figures for January yesterday. Of course, we should note that ADP has lost its reputation for being able to predict where the NFP will come out. However, it can still influence…
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While economists expect the EU to have had good results in their economy last quarter, that probably won't remain the case for long. Goldman Sachs expects the eurozone's economy to grow faster this year than the US economy. But, that…
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The wave of omicron cases in the US hasn't prompted further shutdowns. But there has been an increase in the number of workers' absences. During the last quarter, there was extensive debate over the potential impact of the Biden…
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