Market Overview

New Zealand dollar tumbles sharply as RBNZ surprised markets by announcing 25bps cut in the Official Cash Rate today. Markets originally expected the central bank to hold and cut later in June. RBNZ...

Brazil, the ‘B’ in the BRIC acronym, was widely considered to be a model of emerging-market economic excellence during 2003-2011. Now it is widely considered to be an economic basket-case....

The day has arrived, which traders have been waiting for eagerly- The ECB Press Conference. What does this mean for the market, and if the ECB can deliver what they have promised, are just some of the...

Traders are going to remain immensely cautious ahead of the much anticipated ECB press conference. Although, we do believe that more quantitative easing policy, which will be announced today is...

Expectations for the ECB, bounce in Chinese inflation, RBNZ cuts ratesAsian markets have reacted fairly well to the bounce back in oil prices overnight. Chinese equities have reacted badly to the CPI...

Central Bank racesAs everyone waits for Mario, you may have missed that the Bank of Canada (BoC) and Reserve Bank of New Zealand (RBNZ) were both running hard in the central bank races. BoC is stuck...

A very curious thing happened overnight in Japan, trading in their 10-year bonds was briefly halted. This was the result of a selloff that pushed yields from minus .10% up to minus .015%. The price...

Today’s session will be marked by the European Central Bank Minimum Bid Rate decision which will be announced at 12:45 pm London time.The interest rate for the main refinancing operations...

The Bank for International Settlements is nothing if not obscure. As the central bankers’ bank, it seems little-more than a back-door, private club for monetary elites to rub shoulders. And...

We may well at present be seeing the first stirrings of an increase in the inflation rate — something that we would like to happen. Stanley Fischer Fed Vice-Chair in a speech before the...

The prevailing view is that the ECB will add to QE tomorrow in accompaniment of a further negative deposit rate floor. Whether or not Draghi and his orthodox economists have the gall to shunt the MRO...

Crude oil prices in the US have jumped back up to above $38 again, leading various financial correlations toward much less depressing interpretations (chiefly stocks). That in turn has allowed the...

It's really no fun anymore. Markets used to be free before the world central banks decided they would become the stock markets around the globe. We could trade on technicals as well as fundamentals....

Fed officials must be very pleased to see that the unemployment rate is under 5.0% and that the core PCED inflation rate is approaching 2.0%. However, the doves among them, especially Fed Chair Janet...