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Oil quotes on Wednesday crumbled after EIA statistics came out showing US oil reserves increasing 1.671 million barrels instead of by an expected fall of 2.257 million barrels. As a result, Brent...
EUR/AUD Today’s support: - 1.4670, 1.4627 and 1.4580 (main), where correction is possible. Break would give 1.4552, where correction also may be. Then follows 1.4529. Break of the latter would...
Yellen and Co keep their options openLast night’s Federal Reserve meeting and statement was a profound effort of a central bank looking to hedge its bets. First things first, there was no change...
Dollar weakened broadly after Fed left policies unchanged overnight as markets are dissatisfied with the lack of direct hint on a September rate hike. The dollar index is now trading at around 96.6...
Nobody knows anything.”It’s one of my favorite quotes, from famed screenwriter William Goldman. It’s also the title of season one, episode 11 of the seminal HBO series The...
Market BriefThe US dollar weakened against most G10 currencies despite the fact that the FOMC upgraded the wording of its statement. The Fed wrote that the “Near-term risks to the economic...
A mixed trading session in Asia overnight has offered little direction for European investors, with futures currently pointing to a relatively flat open.This follows a similarly flat close in the U.S....
Fed says near-term risks have diminished As expected FOMC maintained the federal funds target range unchanged at 0.25%-0.50%. Compared to the last meeting when the decision was unanimous, Feds George...
The market will use today to digest the news from the FOMC last night and focus now turns to the announcement tomorrow morning from the Bank of Japan (BoJ). We look for a rate cut from the BoJ and a...
The FED kept the interest rate unchanged as was expected, and the FOMC statement was pretty much unchanged from last month. There were 2 slight changes and that was that they see a continuing...
As usual, everyone is focused on the wrong part of the FOMC statement. There is already a lot being made about the one sentence inserted as “hawkish” sentiment that puts the economy,...
In today’s FOMC Statement the Fed says the labor market has strengthened, household spending is growing strongly, and economic activity is expanding at a moderate rate.Let’s see what the...
In Wednesday's FOMC Statement the Fed says the labor market has strengthened, household spending is growing strongly, and economic activity is expanding at a moderate rate.Supposedly, “near-term...
Germany’s unemployment rate is expected to be unchanged at a modest 6.1% Eurozone’s Business Climate Indicator may tick lower in July US jobless claims are expected to rise but remain...
The Fed broke the trend. Not that it was a great trend that required adjustments and deep corrections and weird and wonderful additional arms and legs on the sides. I gave a warning back on the 15th...