Dollar Slumps Ahead of the Employment Report north Overview: The focus is on US employment today. Weak jobs growth and a tick up in the unemployment rate are expected to spur the Fed's first rate cut of the year in a couple of weeks. Position adjusting ahead of the report has weighed on the greenback broadly and overwhelmed the unexpectedly [...]
US Jobs Data Key to Near-Term Greenback's Fate north Overview: The US dollar is firm against the G10 currencies today but is mostly trading inside yesterday's ranges. After yesterday's disappointing JOLTS report attention turns to the ADP estimate today, ahead of tomorrow's BLS report. The lack of follow-through selling after yesterday's losses [...]
Yield products keep disappointing investors north DeFi gold products deliver sub-1% yields while traditional finance earns 3%-5% on the same asset. Token printing and forced complexity destroy returns.