Market Overview

For the fifth day in a row, crude oil prices (WTI) rose, bringing with them currencies from commodity-based economies such as the CAD, AUD and the NZD. The roots of this price rally lie in...

We’re expecting a relatively flat open on Wall Street on Wednesday, as traders await the minutes from the FOMC meeting earlier this month having already strongly priced in a rate hike in June,...

Moody's downgrade of China to A1 puts the focus back on China's financial risks stemming from high debt levels and the rapid growth of shadow banking in recent years. We expect focus on China's...

Given the relatively low level of implied volatility in the FX market, we think it is time to consider buying longer-dated FX options either as an FX volatility position or as a proxy hedge as part of...

Market Drivers May 24, 2017 Moody’s downgrades China ECB Constancio mildly bullish Nikkei 0.66% Dax -0.21% Oil $51/bbl Gold $1252/oz. Europe and Asia:NZD Trade Balance 572M vs. 268M North...

by Pinchas CohenThe Big News Moody’s cut on rising debt and slowing economic growth leads to Chinese equity declines Aussie and metals dragged down following China's downgrade German and French...

China’s credit rating was downgraded by Moody’s spurring a sell-off of Chinese assets. Other markets took ques from Wall Street’s optimism which left the S&P 500 just a few...

After staging a modest recovery in North America yesterday afternoon, the greenback is consolidating in narrow ranges. Momentum traders, who appeared to dominate activity recently, paused. To be sure,...

The euro continues to have a quiet week, as EUR/USD continues stays close to the 1.12 line. Currently, EUR/USD is trading at 1.1190. In economic news, German Consumer Climate improved to 10.4, beating...

US stocks post fourth straight session of gainsUS stocks ended higher on Tuesday fourth session in a row after the release of 2018 budget proposal by White House spurred expectations of progress with...

EUR/JPYToday’s support: - 124.73 and 124.42 (main), where correction is possible. Break would give 123.99, where correction also may be. Then follows 123.78. Break of the latter would result...

Terrorism threat lingers over sterlingSterling was volatile within its recent range yesterday and finds itself below 1.30 against the USD and a little above 1.16 versus the euro this morning. News...

Another calm night on financial markets, but we have seen some buying of USD’s led by moves across the US fixed income curve, while US equities and oil plod every gradually higher.Starting on...

A surprise sovereign downgrade of China by Moody’s sees iron ore collapse taking the Australian Dollar with it.If ever there was a lesson about how intertwined the global economy is in the 21st...