Category: labor

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Does the United States have the labor capacity to handle any benefits from its trade deal with the EU?

From my trade desk … Yesterday, I had a brief conversation with my landlord about how tough it is in today’s labor market. I shared with him that my son had just left for graduate school up north. He shared his congratulations. I then shared with him how my son was one of the lucky … Continue reading Does the United States have the labor capacity to handle any benefits from its trade deal with the EU?

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Currency wars: Can the West afford an increasingly developed Africa, Asia, and Latin America?

The takeaway …. As I get ready for the release of the jobs report, a thought on the relationship between the world’s major geographic regions hit me. Do western nations, primarily the United States, the United Kingdom, and Eurozone, really want to see a developed Africa, Asia, or Latin America? Would development of these areas … Continue reading Currency wars: Can the West afford an increasingly developed Africa, Asia, and Latin America?

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Is strong dollar policy antithesis of the Trump manufacturing agenda?

Currency analyst and trader Kathy Lien shared this video where she discusses the reasons behind the current climb in dollar strength. She lists five major reasons. First, the US economy is doing well when compared to the Eurozone and Asia. Yields are increasing and attracting more investors. Second, the Trump return to the White House … Continue reading Is strong dollar policy antithesis of the Trump manufacturing agenda?

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In the immediate term, the next president will have to think about who the next Fed chair will be.

It is tough to nail down Ms. Harris’ view on the currency and interest rates since Mr. Biden’s announcement three days ago that he was discontinuing his campaign for a second term. So far, her outreach efforts have included a couple speeches to black sororities, a meet and greet with her campaign staff in Wilmington, … Continue reading In the immediate term, the next president will have to think about who the next Fed chair will be.

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Threat to democracy? How about messaging on the threat to employment

Employment will be on the minds of the financial press between now and 2 August when the jobs situation report data is released. Between now and then, two unemployment claims reports will be released and the Board of Governors of the Federal Reserve System would have made their decision on the federal funds rate. The … Continue reading Threat to democracy? How about messaging on the threat to employment

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Kamala Harris strengthens her street cred with labor. Gets support of the AFL-CIO.

Donald Trump’s criticism of labor unions last week at the Republican national convention apparently gave unions further license to support the Democrats. That support, due to a decision by President Joe Biden to not pursue his party’s nomination for a second term, has passed directly to Kamala Harris. Today, the AFL-CIO unanimously endorsed Ms. Harris … Continue reading Kamala Harris strengthens her street cred with labor. Gets support of the AFL-CIO.

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Retail foreign exchange trader news scan as of 6:46 pm AST. Mester wants to see more progress toward lower inflation.

Reference rates per Board of Governors-Federal Reserve System Interest on Reserve Balances: 5.40% Discount Window Rate: 5.50% Effective Federal Funds Rate: 5.33% Source: Board of Governors of the Federal Reserve System Foreign exchange rates AUD/USD=0.6677 NZD/USD=0.6121 USD/JPY=155.39 GBP/USD=1.2672 EUR/USD=1.0868 USD/CAD=1.3615 USD/MXN=16.6852 Source: x-rates.com (Are you ready for your next trader challenge? Visit https://toptiertrader.com/?ref=1449) Head of … Continue reading Retail foreign exchange trader news scan as of 6:46 pm AST. Mester wants to see more progress toward lower inflation.