FXCM Market Talk Your Trading & Finance Podcast
Activity Overview
Episode publication activity over the past year
Episodes
084 – Jobs data suggests slowdown but not enough to change Fed policy
11 Jul 2023
Contributed by Lukas
The non-farm employment change published at 209K. This was lower than the 224K expected and lower than the last print at 306K. These are signs of cool...
083 – Powell delivers on hawkish tone at Sintra Symposium
03 Jul 2023
Contributed by Lukas
At the ECB’s symposium in Sintra, Portugal, Fed Chair Powell was hawkish, looking to align markets with the latest dot-plot projection of another tw...
082 – UK inflation prints red hot and BoE surprises with 50bps hike
26 Jun 2023
Contributed by Lukas
Last week, Fed Chair Powell testified on Capitol Hill with a hawkish testimony, but it was the UK inflation print and BoE’s 50bps hike that got the ...
081 – Market expects Fed pause but it is going to be close
12 Jun 2023
Contributed by Lukas
China CPI and PPI disappointed last week. This week US CPI will be released on Tuesday and the Fed statement is scheduled for Wednesday. The market is...
080 – Reserve Bank of Australia surprises with 25 bps hike
06 Jun 2023
Contributed by Lukas
Last Friday’s NFP surprised to the upside printing at 339K – 193K was expected. Fed speakers talk about a skip in rate hikes and markets have repr...
079 – Market reprices rate path following inflation data
29 May 2023
Contributed by Lukas
Last week saw inflation coming in ahead of expectations. This has led to markets repricing the path of Fed hikes. US GDP came in better that expected ...
078 – Fed Chair Powell leaves door open for a pause
22 May 2023
Contributed by Lukas
On Friday, during a panel discussion, Fed Chair Powell suggested that rates may not climb as much as expected due to credit tightening. Other Fed spea...
077 – US headline inflation drops below 5% for the first-time since 2021
15 May 2023
Contributed by Lukas
Last week, US headline inflation came in under 5% for the first time in two years. Core inflation was 5.5% y/y and is still looking sticky. Chinese CP...
076 – NFP print reinforces a resilient job market despite revisions
08 May 2023
Contributed by Lukas
The NFP showed higher average hourly earnings and a lower unemployment rate than expected. The FOMC statement suggests a pause, the RBA delivered a su...
075 – UK and EUR CPI Stoke Inflation Worries
24 Apr 2023
Contributed by Lukas
UK headline CPI came in above 10%; forecasts were for a single digit print. EUR CPI also suggest sticky elements to inflation. ECB and Fed official’...
074 – Inflation is sticky with expectations increasing
18 Apr 2023
Contributed by Lukas
Last week’s FOMC minutes indicate a small recession near year end. Headline CPI declined but core inched up slightly. University of Michigan Inflati...
073 – Labour market is slowing but still resilient
11 Apr 2023
Contributed by Lukas
The non-farm employment change shows that the labour market is slowing but still resilient. This week will see CPI and retail sales released. Tighteni...
072 – OPEC+ supply cut could filter through to inflation
03 Apr 2023
Contributed by Lukas
As PCE shows signs of moderation, OPEC+ announces supply cut of more than 1m barrels per day from May. FXCM senior market specialists, Russell Shor an...
071 – Banking crisis of confidence rattles markets
20 Mar 2023
Contributed by Lukas
Join FXCM market specialists, Russell and Nikos as they discuss the current crisis in confidence surrounding the banking sector. In addition, the ECB ...
070 – SVB failure adds complex variable for the Fed
13 Mar 2023
Contributed by Lukas
Chair Powell’s testimony in front of the Senate and House was hawkish and aggressive. Higher for longer and faster were introduced. The market brief...
069 – Big week includes Fed chair testimony and US jobs data
06 Mar 2023
Contributed by Lukas
FXCM senior market specialist, Russ and Nik, discuss several key events for the week. Fed Chair Powell will testify in front of the Senate (Tues) and ...
068 – Fed Chair Powell’s press conference deviates from minutes
28 Feb 2023
Contributed by Lukas
Join FXCM senior market specialists, Russ and Nik, as they discuss the themes driving the markets for this week. In this podcast, the two analysts dis...
067 - Inflation persists and remains sticky
21 Feb 2023
Contributed by Lukas
Last week’s CPI and PPI release show a stickiness to inflation. The market seems to be coming around to the Fed’s view whilst several Fed official...
066- Markets brace themselves for important inflation data
13 Feb 2023
Contributed by Lukas
Following the blowout jobs report, markets are largely data driven. This week sees a slew of important data. Out of the US inflation, retail sales and...
065 – What a difference a week makes in the markets
06 Feb 2023
Contributed by Lukas
Last Week: · NFP 517K vs 190K forecast. · Unemployment 3.5%-->3.4% · Wage data came in as forecast at 0.3% m/m. · PMI non-manufacturing data is...
064 – Big week for central banks and earnings season
30 Jan 2023
Contributed by Lukas
Last Week: · US - PCE: Core 4.4% y/y; moving in the right direction and lowest print in a year. 0.3% m/m. · GDP came in looking good on the surface ...
063 - Poor retail sales and industrial production but Fed pushes back
24 Jan 2023
Contributed by Lukas
Last week: Poor retail data and industrial production (PPI) Fed speakers: Brainard, Harker, Waller: —> rate hikes but Harker, Waller (amongs...
062 – Inflation continues to moderate as we head towards next Fed meeting
16 Jan 2023
Contributed by Lukas
In this week’s podcast FXCM senior market specialists, Nik and Russ, talk about: · CPI came as expected. Headline was at 6.5% (6.5%). Core was 5.7%...
061 – Jobs data shows sign of moderating, but FOMC minutes were hawkish
09 Jan 2023
Contributed by Lukas
This is our first podcast in 2023. FXCM senior market specialists Russ and Nik discuss: Friday’s NFP. Job data shows deceleration in job growth, ...
060 - Market and central banks at odds
19 Dec 2022
Contributed by Lukas
Fed raised by 50bps. Less aggressive, but higher TR upped to 5.1 (4.6). Fed chair was hawkish. ECB even more hawkish than Fed. 50bps ongoing and QT...
059 - A flurry of activity as three central banks will hike this week.
12 Dec 2022
Contributed by Lukas
In this week's podcast, FXCM senior market specialists Nik and Russ discuss central banks' potential pausing. In addition, the two analysts discuss th...
058 - Non-farm employment change data gives wage inflation spiral scare
06 Dec 2022
Contributed by Lukas
Average hourly earnings surprised to the upside, printing at 0.6% MoM - double the 0.3% MoM expected. This has raised the spectre of a wage inflation ...
057 - Fed signals hikes at a slower pace, but is this a pivot?
28 Nov 2022
Contributed by Lukas
In this week's podcast, FXCM senior market specialists, Russ and Nik, discuss the aggressive hike by the RBNZ despite other banks signalling a slowdow...
056 - The next piece of the inflation puzzle on Thursday with US CPI data
07 Nov 2022
Contributed by Lukas
The Fed and BoE both hike by 75 bps but their tonality contrast with each other. RBA shows conservativeness, with central bank signs of slowing down i...
055 - UK policy u-turn from expansionary to contractionary
17 Oct 2022
Contributed by Lukas
The week FXCM market specialists Russ and Nik discuss the u-turn in PM Liz Truss's policies. Inflation remains rampant and sticky, with core CPI surpr...
054 - With a firm jobs number, all eyes now turn to Thursday's CPI release
10 Oct 2022
Contributed by Lukas
In this week's podcast, FXCM Senior Market Specialists Russ and Nik discuss the fallout from the UK's mini-budget. The two specialists also talk about...
053 - UK minibudget causes volatility spike; 45% tax cut backtracked
03 Oct 2022
Contributed by Lukas
Last week's minibudget caused vast amounts of volatility in the Gilt market, with GBPUSD reacting. Finally, the BoE stepped in to calm markets. Since ...
052 - Fed to hike on Wednesday, but will it be 75 or 100 bps?
19 Sep 2022
Contributed by Lukas
Last week's CPI numbers showed resilient inflation. This surprised markets and introduced 100bps as an option for the Fed. Join FXCM Market Specialist...
051 - Fed Chair Powell delivers a short and to-the-point speech at Jackson Hole; markets turn risk-off
29 Aug 2022
Contributed by Lukas
Fed chair Powell's speech led to a risk-off environment, as he outlined inflation as the primary policy driver. However, the Fed was not the only hawk...
050 - NFP upside surprise puts the focus squarely on CPI
10 Aug 2022
Contributed by Lukas
The NFP release was a big upside surprise. Unemployment dropped to 3.5%, and the economy created 528K jobs during July (vs 250K estimate). Expectation...
049 - Markets loosen despite Fed 75bps rate hike
01 Aug 2022
Contributed by Lukas
The Fed hiked rates by 75bps and cancelled forward guidance. GDP indicates a technical recession, and US inflation is still ticking at the highest lev...
048 - Fed hike expectations oscillate between 75-100bps before settling on 75bps
18 Jul 2022
Contributed by Lukas
Inflation is still in focus as the US printed at 9.1% - the fastest pace since 1981. Bank of Canada surprises with 100bps to front load hikes du...
047 - Headline CPI forecast hotter, despite Fed's tightening
11 Jul 2022
Contributed by Lukas
NFP came in better than expected, albeit trending down. Other data hints at cracks forming in the job market. FXCM market specialists, Nik and Russ, d...
046 - Market narrative switches from inflation to recession
04 Jul 2022
Contributed by Lukas
Last week saw quarterly GDP contracts and PCE show signs of moderation. Moreover, manufacturing missed its forecast. All of a sudden, the narrative fo...
045 - US CPI miss drives selloff, as the market reprices Fed hike
14 Jun 2022
Contributed by Lukas
This week FXCM senior market specialists Russ and Nik talk about inflation. First from the ECB's point of view and then moving to the US CPI miss on F...
044 - With a robust NFP print, the market turns to Friday's inflation release
07 Jun 2022
Contributed by Lukas
Our senior market specialists, Nik and Russ, cover much ground this week. Several Fed officials make hawkish statements, with the NFP beat laying a fo...
043 - As central bank hawkishness continues, eyes turn toward jobs
30 May 2022
Contributed by Lukas
President Lagarde prepares the market for the ECB rate hike and Fed QT to start on 1 June. FOMC minutes reaffirm previous communications, with no unex...
042 - Central banks hike into a highly uncertain environment
10 May 2022
Contributed by Lukas
The Fed delivered a 50bps hike as expected, and the BoE statement makes a stagflation inference. RBA also raises rates in this uncertain economic envi...
041 - Fed 50bps hike expected along with more info on QT timing
03 May 2022
Contributed by Lukas
BoJ diverges further away from Fed as it defends 25bps on its 10-year treasury. Core PCE moderates slightly, but employment costs are up. Advanced GDP...
040 - Fed chair's comments affect market sentiment
26 Apr 2022
Contributed by Lukas
Last Thursday, Fed Chair Powell hinted at a 50 bps hike for May. He also endorsed an acceleration in the raising of rates. Moreover, the market is pre...
039 - Inflation, unsolicited bids, and earnings
20 Apr 2022
Contributed by Lukas
Our market specialists discuss inflation in this week's podcast, specifically PPI's influence on core CPI. The ECB confirms that its APP will conclude...
038 - Fed minutes show an aggressively hawkish central bank
11 Apr 2022
Contributed by Lukas
The Fed has moved towards aggressive tightening, with a balance sheet reduction from May and possibly two consecutive 50bps hikes. Elon Musk takes a 9...
037 - Strong labour market cements aggressive Fed cycle, but yield curve inverts
04 Apr 2022
Contributed by Lukas
Friday's job report shows a robust labour market. Given last week's high core PCE reading, a 50bps hike in May is a strong possibility. Our analysts n...
036 - Fed to begin hiking cycle on Wednesday amidst stagflation concerns
14 Mar 2022
Contributed by Lukas
Russia's invasion of Ukraine has heightened the concern of stagflation. The price of oil, wheat and corn have risen significantly due to the supply sh...
035 - Commodity prices rising, Russian banks excluded from SWIFT, US Fed Chair to testify on Capitol Hill, and NFP to wrap up the week
28 Feb 2022
Contributed by Lukas
As Friday closed for trading, imposed sanctions seemed underwhelming. This tone changed on Saturday as some Russian Banks were excluded from SWIFT, an...
034 - This Week We Likely See Another Boe Rate Hike, and its NFP Friday
31 Jan 2022
Contributed by Lukas
Last week the Fed prepared the market for a March rate hike. Five rate hikes at 25bps each are expected for 2022. Thursday sees the BoE And ECB statem...
033 - Tighter Monetary Policy, Geopolitical Risks, and Poor Forward Guidance Lead to Risk-Off Sentiment
25 Jan 2022
Contributed by Lukas
Geopolitical risks at the Ukraine/Russian border, the prospects of tighter monetary policy, and poor forward guidance by Netflix have prompted a shift...
032 - With US Inflation Running Hot, This Week Sees Global Inflation Releases
17 Jan 2022
Contributed by Lukas
Last week saw headline US inflation running at its fastest pace since the early 1980s. This week will see inflation releases for the UK, Canada, Euro ...
031 - Hawkish Fed Minutes Key Driver of Market
10 Jan 2022
Contributed by Lukas
Last week's Fed minutes emphasized inflation concerns and also highlighted the normalization of the Fed balance sheet. Friday's NFP release saw headli...
030 - Fed Accelerates Taper and BoE Surprises Market with Rate Hike
20 Dec 2021
Contributed by Lukas
This week, FXCM senior market specialists, Nik and Russ, discuss the announced accelerated taper of the Fed's asset purchasing program and rate outloo...
029 - Market Prepares for Central Banks After Friday's Rampant Inflation Reading
13 Dec 2021
Contributed by Lukas
Friday’s headline CPI was the highest paced since 1982 with core at its highest pace since 1991. This week FXCM Senior Market Specialists, Russ and ...
028 - NFP Headline Dissapoints But Participation Rate Ticks Up
06 Dec 2021
Contributed by Lukas
In this podcast, FXCM Senior Market Specialists, Nikos and Russell, discuss the NFP, participation rate, and unemployment rate. The two also look at t...
027 - Omicron Variant Causes Volatility Ahead of Fed Chair's Testimony
29 Nov 2021
Contributed by Lukas
The emergence of the new Omicron Covid strain lead to a big market sell-off on Friday as participants sought safe-havens. Join FXCM Senior Market Spec...
026 - High Inflation Hurting As Consumer Sentiment Plunges
17 Nov 2021
Contributed by Lukas
US Inflation is running at 30-year highs, raising concerns from market participants. The Fed chair is being decided with Powell and Brainard as the fr...
025 - NFP Beat Consensus but Participation Still Lagging
10 Nov 2021
Contributed by Lukas
FXCM senior market specialists, Russell, and Nikos discuss last week's Fed and BoE releases. The two also consider the NFP print. This week the P...
024 – FOMC Tapering Imminent and BOE Rate Announcement Dissenters
03 Nov 2021
Contributed by Lukas
FOMC statement and press conference to outline tapering timetable. The BoE will also release its monetary policy statement and whilst forecasts are fo...
023 – Busy Week with Remaining FAANG Stocks to Report and 3 Central Bank Releases
25 Oct 2021
Contributed by Lukas
Senior FXCM Market Specialists Russell and Nikos discuss the inflation numbers released last week. The two then consider how these will affect the BOC...
022 - Good Start to Q3 Earnings, This Week NFLX, TSLA Amongst Others
18 Oct 2021
Contributed by Lukas
FXCM senior market specialists Russ and Nik talk about last week’s FOMC minutes release. Asset purchases taper may be a soon as November and run for...
021 – After a Weak NFP, Our Attention Turns to CPI and the FOMC Minutes
11 Oct 2021
Contributed by Lukas
FXCM senior Market Specialists, Russell and Nikos, discuss the effect of the disappointing NFP print from Friday. The RBNZ hike rates and the BoE prep...
020 - Dot Plots Bring Rate Hike Forecast Forward and PCE Release on Friday
27 Sep 2021
Contributed by Lukas
Last week the Fed dot plot brought the rate hiking cycle forward, whilst the Fed indicated that tapering could begin in November and end mid-2022. Thi...
019 – Market Eyes Fed Meeting on Wednesday in Anticipation of New Dot Plot and Tapering News
20 Sep 2021
Contributed by Lukas
FXCM senior market specialists Russell and Nikos talk about last week’s core inflation print and then about the fact that all eyes are on Wednesday’...
018 - Interview with Capitalise.ai, the code-free trading automation provider
14 Sep 2021
Contributed by Lukas
Russell speaks to Shahar Rabin, the Chief Product Officer and Co-Founder of Capitalise.ai. The interview covers important areas, including the benefit...
017 - Poor NFP leads into week dominated by central bank releases
06 Sep 2021
Contributed by Lukas
The job numbers from Friday were disappointing. This brings into question the timing of the Fed’s taper. Moreover, the week is dominated by no less ...
016 – The greenback drops following Jackson Hole but has NFP to deal with this week
31 Aug 2021
Contributed by Lukas
The week starts with the USD under pressure following Jackson Hole. Russell and Nikos discuss this as well as the non-farm payroll release due on Frid...
015 - Markets Turn to the Fed’s Gathering at Jackson Hole
23 Aug 2021
Contributed by Lukas
The market will be watching Jackson Hole keenly this week, waiting for any information about the Fed’s tapering timetable. Join FXCM Senior Market S...
014 - Busy Week With Possible First Rate Hike By A Central Bank
16 Aug 2021
Contributed by Lukas
Disappointing consumer data and lower inflation as the week starts. It’s certainly busy with FXCM Senior Market Specialists Nikos and Russell discus...
013 - Market Analysis of USDOLLAR, GER30 and SPX500
12 Aug 2021
Contributed by Lukas
Market Commentary of USDOLLAR, GER30, and SPX500. Visual aid available at https://bit.ly/3lXmxiw
012 - NFP Beat Supports Dollar As Yields Jump
09 Aug 2021
Contributed by Lukas
In this episode, NFP beats forecasts comfortably supporting the dollar. US Treasury yields bounce in anticipation of possible tapering. All eyes are o...
011 - NFP Forecast is 900K; BOE Votes Without Haldane
02 Aug 2021
Contributed by Lukas
Join FXCM Senior Market Specialists Russell Shor and Nikos Tzabouras as they discuss the important calendar events of the week. The NFP on Friday is f...
10 - Market Readies Itself for Fed and Inflation Data
26 Jul 2021
Contributed by Lukas
After a dovish statement by the ECB last week, the market prepares for the FOMC release and Fed Chair Powell’s press conference. Inflation data on F...
09 - ECB Statement and Press Conference In Focus Following Change In Strategy
21 Jul 2021
Contributed by Lukas
Tomorrow’s ECB meeting is likely to give important information on its new policy strategy. It is a distinctly more dovish stance as the ECB looks to...
08 - NFP In Focus As Market Contemplates Timing of Tapering
28 Jun 2021
Contributed by Lukas
FXCM Senior Market Specialists Nikos and Russell discuss this week’s NFP. Their discussion includes the US labour market and its importance re...
07 - The Fed Dot Plot Has Changed the Market Dynamic
21 Jun 2021
Contributed by Lukas
FXCM Senior Market Specialists Russell Shor and Nikos Tzabouras discuss the ramifications of the latest Fed statement and press conference. The dot pl...
06 - FXCM Senior Market Specialists, Russell and Nikos, Discuss Fed Release
14 Jun 2021
Contributed by Lukas
This Wednesday’s FOMC statement and press conference are regarded as of paramount importance. Market participants are anticipating the type of commu...
05 - The Fed May Not Be Able To Taper Its Stimulus Just Yet
07 Jun 2021
Contributed by Lukas
The unemployment rate came in at 5.8% on Friday, which was better than the forecast. However, this print does not take into account the participation ...
04 - The Inflation Adjustment and its Effect On the USD, Gold and Stocks
02 Jun 2021
Contributed by Lukas
The inflation adjustment in nominal yield will be a key metric in confirming inflation. However, as yield begin to move it will ripple and affect othe...
03 - Bitcoin Stage Analysis and USD Relationship
28 May 2021
Contributed by Lukas
Bitcoin had a terrific run into 2021. However, it has sold off heavily over the last three weeks. In this podcast, we apply stage analysis and look at...
02 - Commodities and Commodity Currencies
27 May 2021
Contributed by Lukas
Commodities have performed exceptionally well over the last year. We analyse their performance here and how it affects the commodity currencies. We al...
01 - Fed Minutes Affect Yields
27 May 2021
Contributed by Lukas
The Fed minutes for April show that some members are considering to taper asset purchases, provided the economy shows “rapid progress.” In this po...