On today’s show James discusses softening economic data out of the US, where there are murmurs of stagflation, the less hawkish Fed Chairman Powell and the weaker than expected employment data.
He also examines the big movers for this week. USDJPY with 2 rounds of intervention and cocoa has also fallen 41.5% in just 3 days. There’s no key economic data in the week ahead so the market will trend off the employment data. Geopolitical tensions also appear to be diminishing so keep an eye on the U.S. 2 year yields, the dollar index , the S&P and gold for key moves.