Market Overview

Last week, the IMF admitted the Chinese renminbi to the Special Drawing Right with a surprisingly large weighting of 10.92%.That makes it the third-largest weighting, more than the weightings of...

Today's release of the November Producer Price Index (PPI) for Final Demand came in at 0.3% month-over-month seasonally adjusted, up from -0.4% in October. It is down -1.2% year-over-year, the...

The Federal Reserve finds itself in a tricky situation heading into Wednesday’s FOMC announcement. There has been a considerable build-up over the past several weeks (primarily from strong...

Markets: The market had its worst week since August, as falling crude oil prices added to investors’ uneasiness about next week’s Fed meeting, which is widely expected to result in the...

A butterfly flaps its wings... a hurricane strikes miles away.According to Chaos Theory, a seemingly irrelevant action can precipitate, and contribute to, a major event. The right set of factors comes...

The US dollar turned in a mixed performance in the week following the ECB's surprise and the healthy US jobs report. In some ways, the greenback was like a fulcrum, not the driver.The dollar-bloc...

1. Activity increased during the Commitment of Traders reporting week ending 8 December. There were four significant (10k+ contracts) gross currency adjustments by speculators. Given that this period...

Investors, fellow central bankers, and the media continue to try to make sense of last week's ECB surprise. We had argued that given the market positioning, especially the dramatic accumulation of...

Record €98m order for non-food retailerStore Electronics Systems (SES) has announced that it has won the largest ESL order in the history of the market. The €98m order from a leading...

EUR/USDToday’s support: - 1.0918 and 1.0906(main), where correction is possible. Break would give 1.0885, where correction also may be. Then follows 1.0861. Break of the latter would result in...

The Forgotten Central BankYesterday’s Bank of England meeting heralded little interest for sterling watchers although the accompanying minutes from the Monetary Policy Committee’s...

After three consecutive sessions of declines, stock markets worldwide are showing signs of recovery as U.S. shares climb while European and Asian shares are mostly down. The ongoing rout in oil prices...

EUR/USDCurrent level - 1.0940 The intraday bias is slightly negative, for a possible slide towards 1.0900 minor support, but the overall outlook remains bullish, for a rise towards 1.1100...

The US dollar is confined to narrow ranges against the euro and sterling after pushing higher yesterday. The greenback is staging stronger upticks against the yen but is struggling to resurface above...