Refinitiv Integrates with Eiger to Support the End-To-End Process of Islamic Money Market Transactions
London – 30 June 2021 Refinitiv (‘Refinitiv’), an LSEG business, one of the world’s largest providers of financial markets data and infrastructure, has signed a partnership agreement with Eiger Trading Advisors Limited (‘Eiger’), a leading financial technology company specialising in commodity Murabaha trade facilitation and execution services, to support the fully automated end-to-end post-trade workflow […]
Employment data the key this week
The FED continue to see inflation either as transitory or manageable (or both) which leads to no rate changes and also a US$ that struggles to trade higher. The markets are headed into the second half of the year with some concerns: inflation, less governmental support for world economies and fears as to who is […]
FED spooks markets, BoE may do the same
The FED destablised a market presuming the FED would remain accomodative for some time by signalling two rate hikes in 2023 and re-starting the debate over when to taper bond buying. The reaction was larger presumably because the markets were positioned for an indifferent and unchanging FED and had to bail its positions quickly. The […]
Fed, Fed, Fed
Two important rate decisions from the Americans and the Japanese this week although neither likely to yield any changes… yet. However the interest will be in the comments afterwards and whether the FED will hold their nerve as inflation continues higher and sees it as transitory. Inflation figures / updates due as well this week […]
Watch for tapers
US non-farm payrolls fell short of market expectations which undermined yields and the US$ snubbing out a nascent rally. It leaves the FED with a problem: jobs growth is too slow for taper ending but also precludes any further stimulation, even the April amendment was anaemic. Whilst not good for the US$ it did give […]
Directionless trading…unless FOMC throws a curve ball
Last weeks NFP was mixed and that led to some inconclusive price action particularly in Foreign Exchange but it does seem that the US$ has regained some of its footing. July 04 delayed market holiday on Monday and a very light “second division” data week as well is likely to continue listless trading. We do […]
Employment data – the key for the week
Another holiday shortened week with the UK and US out on Monday however from an economic stand point there’s a lot of data particularly employment. The market is watching inflation, covid data and politics more than employment but the numbers may give clues as to post covid economy recovery. A very disappointing USA jobs report; […]
Pause for inflation and commodity price rises
A European holiday on Monday (excluding UK) and light and medium importance economic data leads to a likely slow start to the week. The increasing interventionist statements from Chinese authorities have taken the momentum out of Bitcoin and copper with price caps mooted although how the Chinese would cap worldwide markets is undisclosed but it […]
UK data to the fore
Weaker US figures on Friday afternoon offset the CPI mid-week recovery in the USD showing the US consumer to be holding back on purchases and industrial production also weaker. The sheer amount of stimulus poured into the US economy is a drag on the USD as “easy money” is rarely positive for a currency, additionally […]
Poor jobs growth = weaker US$
US$ had a poor end to the week as an expectation of nearly a million jobs turned out to be a paltry 266,000 and the US$ closed at recent lows against the other majors, perhaps the poor non- farm payrolls explains the Fed’s rate stance of “lower for longer”. However, stocks remain on their highs […]