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The FX markets are only just starting to get the message and that is because yesterday the US Federal Reserve chairman reiterated the view that an unemployment rate of 6.5 percent was a threshold and not a trigger.
In his syndicated column for TradingFloor.com, Ambrose Evans-Pritchard writes that the US financial showdown with Russia is more dangerous than it looks.
Charles Hugh Smith argues that it's time to ditch the Consumer Price Index (CPI), saying that the official rate of inflation is a "transparently inaccurate and misleading metric" that fails to reflect reality. In his analysis, Hugh Smith writes that the debate over inflation is intrinsically flawed and what really matters is not the overall rate of inflation, but the purchasing power of earned income. What do you think?
Thursday’s key numbers to watch include: US initial jobless claims, the weekly update on US consumer sentiment via the Bloomberg Consumer Comfort Index, and GBPUSD.
