US economic unease and slippery oil – MM #143


What’s going on in the US economy? There is still slack but the Fed judges it in a sanguine manner. We begin with all the moving parts in America before moving to a less optimistic picture for oil prices before reviewing the upcoming week.

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  1. Good morning America?: The Fed sticks to the word “transitory” and its optimism despite a slowdown in inflation, growth and wage growth. We dive more deeply into the jobs report and smash the “full employment” theory.  And what’s next? We circle the things to look out for.
  2. Slippery oil: it finally happened with oil prices crashing. We try to find the straw that broke the camel’s back but we quickly move to the bigger picture: it is mostly a supply story, but there are other reasons for the weakness in the black gold.
  3. Preview: The second week of May starts with echoes from the NFP and the French elections. Will markets remain happy? We then have the BOE’s “Super Thursday”, a focus on the US consumer and lots more.

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About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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