Market Overview

U.S. stock markets rose on Thursday after the Federal Reserve concluded its Federal Open Market Committee on Wednesday. The Fed maintained its cautious approach to interest rate hikes, although it...

Market BriefIn Japan, the BoJ kept unchanged its asset purchased program at ¥80tn per year and maintained its assessment of the economy, saying that the economy has continued to recover...

As we head into what could be a very interesting weekend for Greece, investors appear surprisingly calm, with futures currently pointing slightly to the upside ahead of the European open....

The latest in the ongoing Greek saga is that the European Union and Greece will convene an emergency meeting on Monday. Not many details are available at present, but the confrontational rhetoric...

Market Movers In terms of data releases it is a very thin calendar today and focus will be on Greece following yesterday's Eurogroup meeting (see more below). In the US Fed's Mester and Williams...

The Macro Outlook: Conditions still aren’t right for a rate increase “The Committee continues to judge that the first increase in the federal funds rate will be appropriate when it has...

EUR/USDToday’s support: - 1.1344, 1330 and 1.1315(main),where correction is possible. Break would give 1.1296, where correction also may be. Then follows 1.1275. Break of the latter would result...

What I find fascinating is our limited ability to make sense of trends unfolding in real time. During our recent breakfast meeting in Berkeley, author/blogger Jim Kunstler suggested that the coherence...

The Fed continued its zero interest rate policy and provided few, if any, other than vague clues in either Chair Yellen’s press conference or in the statement itself about the exact timing for...

Japanese companies are increasing their spending on new capital assets as they observe brisk profits from replacing aging facilities and equipment, leading to more promising economic growth for...

Greenback under pressureJudging by markets’ reactions, the Fed’s rate announcement yesterday was another disappointment. Fed Chair Janet Yellen refused to commit to a firm schedule for...

SNB kept all rates unchanged at its meeting today, as widely expected. Both the Libor target midpoint and the sight deposit rate were kept at -0.75%.EUR/CHF little changed on the decision, reflecting...

As expected Norges Bank (NB) cut rates by 0.25pp to 1.00%. It also presented a new rate path that indicates a roughly 60% probability of another rate cut by end-December. This was a bit more...

The messages from the Fed are getting crowded, decreasing the visibility for the Fed’s policy path in the second half of the year. Although perceived as dovish, the common sense would suggest...