Market Overview

One can appreciate the frustration in Tokyo. The Bank of Japan surprised the world by adopting negative rates in January and the yen rallied. Today it disappointed many by not easing, and the yen...

In another piece of evidence that China is seeing a cyclical recovery, profit growth picked up in March. The annual growth rate went from -4.7% y/y in February to 11.1% y/y in March.This is probably...

U.S. futures are pointing to a negative open on Thursday, tracking losses in Europe and Asia overnight, as investors weigh up the slightly hawkish Federal Reserve statement on Wednesday and look ahead...

The Federal Reserve left interest rates unchanged yesterday, as widely expected. But the possibility of a hike in June is lurking… maybe. “This latest [FOMC] statement has not laid out a...

Focus today on digesting the FOMC statement and the Bank of Japan.In the UK, everything continues to be driven by the upcoming EU in/out referendum. Today, chancellor Osborne is questioned by the...

As expected, the Fed maintained the target range at 0.25-0.50%. It removed 'global economic and financial developments continue to pose risks', which was included in the statement in March. Now the...

USD/NOK Today’s support: - 8.1221 and 8.1000(main), where correction is possible. Break would give 7.9876, where correction also may be. Then follows 7.8975. Break of the latter would result in...

Yen shudders higher as the Bank of Japan disappointsBoth FX and equity markets have given the Bank of Japan’s unchanged policy decision the thumbs down, with the yen rising as much as 2% against...

Yen jumps today after BoJ kept monetary policies unchanged. Interest was held at -0.1% while target of annual monetary base expansion was maintained at JPY 80T. Meanwhile, BoJ created a JPY 300b loan...

Market BriefAs broadly expected, the Federal Open Market Committee left short-term interest rates unchanged at between 0.25% and 0.50%. Since there was no press conference, the market had nothing to...

European futures are trading significantly lower this morning, following in the footsteps of Asian markets. Over in Asia, it was all about the Bank of Japan’s policy rate decision. The bank has...

Currencies EUR/USD: The pair is trading above its 50 day moving average (1.1296) on a 4 hour time frame. The next support is near the 1.1058 level and the resistance is at 1.1427. USD/JPY: The...

It’s been quite an eventful 12 hours for the markets, and yet European futures appear unaffected, with equity markets currently seen opening only slightly lower on Thursday.The biggest shock...

On January 16, 2009, the FOMC gathered telephonically for an emergency conference call to discuss a deal that had been struck between Bank of America (NYSE:BAC) and the FDIC, Federal Reserve, and the...