Market Overview

Despite anemic GDP forecasts for third and fourth quarter, the Fed appears to have convinced the market that it will finally hike rates in December.Odds of at least one hike hit 69.2% today, up from...

Speculators turned more bearish the euro and less bullish the Japanese yen in the Commitment of Traders week ending October 11. The dramatic shift in US presidential polls and the continued rally in...

The US dollar rose against the major currencies last week, except the Australian and Canadian dollars, which remained resilient in the face of higher US rates and weaker Chinese imports. Some...

Fitch upgraded Taiwan by a notch. Thailand has a new king. South Africa’s Finance Minister Gordhan has been summoned to appear in court to face charges. Brazil’s Congress voted to approve...

It has been a busy week, if short. We found out this week that there is pressure on the doves at the Federal Reserve, the biggest of which is Chairman Yellen, to raise interest rates. To some extent...

Since early July we've been forecasting the NASDAQ to move to $5300-$5400, when it was still at $4800. This week and three weeks ago it reached $5341 and $5343. Not too shabby a forecaste dare we say,...

Today in the US, the retail sales figures for September are due out. While growth in core retail sales (control group) was strong in Q2, it was slightly negative in both July and August. It is the...

We do not expect any new announcements from the ECB at the meeting next week. President Mario Draghi will, in our view, balance his tone, reflecting the economic resilience to political uncertainty on...

The EUR/USD remained well bid above the 1.10 handle in Asia. Selling pressures on the pair ease as the US dollar pares gains. The trend remains negative below 1.1086 (major 38.2% retracement on Sep 30...

The EUR/USD reconquered the 1.10 level in Asia as the USD appetite eased across the board. The probability of a December rate hike in the US decreased to 66% from 68% yesterday.European traders...

This week we saw precious metals, particularly gold, fall as the Federal Reserve board looked increasingly hawkish about finally raising interest rates significantly by December. They really mean...

The United States’ unemployment claims have exceeded analysis’ forecasts. For those steering the nation’s monetary policy it is a great indication of economic health. Leading up to...

CurrenciesEUR/USD – is moving down again after getting some reprieve yesterday. We are headed towards the support around the 1.10 level again. We will be looking forward to some data out of the...

The US dollar is firm against most of the major currencies, but within yesterday's ranges, which seems somewhat fitting amid the light new stream. The high-yielding Australian and New Zealand dollars...