Horizon Trading Market Blog

A Recap of last weeks events

Last week, several key economic indicators were released that provided insights into the U.S. economy’s current health and trajectory. U.S. initial jobless claims for the week were reported at...

CPI outlook 12.06.24

June 12, 2024 Today is a big day for macro data! As already written in the weekly outlook a bit, we have US CPI hitting at 8:30 am EST. Here, we look a bit into more detail about what is expected and...

Weekly market outlook for 11.06.24 – 14.06.24

June 11, 2024 Another week, another blast in the market! Short Summary of What Happened Last Week: Strong NFP: We got a strong headline reading on the NFP report last Friday at 272k vs. 185k...

Daily market outlook 07.06.24

June 7, 2024 Macro Data IT’S NFP DAY! We also have Canadian labor data on the docket – same release time as NFP at 8:30 am EST. Business as usual! CAD Labor Data: Unemployment is on the...

Daily market outlook 06.06.24

June 6, 2024 Macro Data Today, Thursday, June 6, we have a couple of important macro data points coming up. First, we get the ECB rate decision at 8:15 am EST, followed by the weekly US jobless claims...

Half-Weekly market outlook 03.06.24 – 05.06.24

June 3, 2024 Macro Data Today – Monday – we already had HCOB manufacturing PMIs from Europe for May on the macro data front – all of them not really world-changing and on the soft...

Weekly market outlook for 13.05.24 – 17.05.24

May 13, 2024 Macro Data How do you feel on a regular Monday? Sleepy? Tired? Me too…This time around, the calendar feels the same way, and we don’t have any meaningful macro data releases...

Weekly market outlook for 06.05.24 – 10.05.24

May 6, 2024 Monday kicked off with April HCOB PMIs for Europe, which came in slightly higher on average.Spanish services 56.2 vs 56 ex vs 56.1 lastItalian services 54.3 vs 54.7 ex vs 54.6 lastFrench...

Price Summary week 29.04.24 – 03.05.24

May 6th 2024 Forex:EurUsd:The week started off on Monday without a gap. We didn’t see a lot of action on a relatively silent start to the week. The whole-day range of roughly 47 pips underlines...

Macro data summary week 29.04.24 – 03.05.24

May 6th 2024 A big highlight for last week came early Monday Asia session already, with the USD/JPY climbing from 158 to 160 in a violent stop move, clearing 158.65 to 160.16 in a single minute. We...

Pre-May NFP Outlook

Amidst the Federal Reserve’s decision to halt further rate hikes, the US dollar has recorded its second consecutive decline, amplifying focus on today’s nonfarm payroll report (NFP)...

Market Recap: FOMC Meeting Fallout and Outlook for Tomorrow’s Data Releases

Today’s data releases and the FOMC meeting and press conference unfolded as follows: The ISM report disappointed, with all sub-indexes showing slightly weaker performance than expected, although...

Positive Outlook Continues for U.S. Economy

Today, on May 1st, 2024, the financial agenda is packed with key data releases and events, notably the ISM manufacturing index, along with the ADP and JOLTS reports from the US. These metrics offer...

Feds lean towards market expectations.

On Friday, Dec. 8, 2023, we had a solid U.S. Jobless claims data come out with Initial Claims beating expectations at 220k vs 222k expected and Continuing Claims coming at 1.861m vs expected 1.91m, a...

Hawk’s turn Dove’s

November 30th, 2023, we saw some EU data finally hitting back causing the EUR to take a hit. The recent hawkish tone from the ECB is going to fade as the fed’s hawkish tone has faded. Waller was first...