Market Overview

I have previously written a series of articles as to the Fed’s inability to hike interest rates this year. (see “Fed At Risk Of Missing Window To Hike Rates” , “The Window...

The Federal Reserve left interest rates unchanged yesterday, which Janet Yellen insisted wasn’t because the central bank is downgrading its outlook on the economy. Quite the contrary, Fed Chair...

EUR/CADThursday’s support: - 1.4603 and 1.4580 (main), where correction is possible. Break would give 1.4552, where correction also may be. Then follows 1.4531. Break of the latter would result...

The US dollar has lost another 0.5% against most of the major currencies today, as Asia and Europe respond to the Fed's decision. There are few exceptions to this generalization. The Norwegian krone...

Fed pivot to DecemberLast night’s Fed meeting went pretty much as the market expected with the dollar slipping a tad in the aftermath. Overall if the mission was to ensure the market will keep...

Market movers todayWe expect an unchanged key rate at the MPC meeting at Norges Bank today. In June, Norges Bank indicated an almost 100% probability of a cut in September but the risk outlook has...

Buy SGB1059 in an ASW spread @ -48bp. P/L: -60bp/-39bp. 3M Carry+roll down = -0.1 + 0.4 = +0.3bp.We have witnessed a rebound in the 10y ASW spread and are off the widest levels (-58bp) by some 10bp....

Dollar weakened overnight while stocks rebounded after Fed kept interest rate unchanged as widely expected. The target rate was held between 0.25% and 0.50% but Kansas City Fed President Esther...

Fed Yellen is gutless and very transparent. She does the same nonsense over and over. She talks about the need to normalize rates and tells us that things are improving economically. We all know that...

On the doorstep of yet another much-heralded Fed announcement and in the wake of the BOJ's tinkering yesterday, the US dollar sits fittingly at a crossroads: spring back to its stoic uptrend nearly 19...

UK CBI Industrial Trends Survey set to confirm upbeat Manufacturing PMI A big-picture review for the US awaits in today’s Chicago Fed National Activity Index Existing home sales in the US...

As most futures traders expected, the Federal Reserve didn't take actionGoing into Wednesday's FOMC meeting conclusion, the Fed Funds futures markets were assigning a 15% probability of a rate hike....

The U.S. Federal Reserve kept the benchmark interest rate unchanged in September but did include in the Federal Open Market Committee (FOMC) statement that there will be one rate change in 2016. Fed...

The Bank of Japan failed to announce any new policy initiatives today. The reasons are financial and political.From a financial perspective, the Bank of Japan is well aware that its current tools...