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Today the Czech national Bank (CNB) abandoned the EUR/CZK floor in an extraordinary monetary policy meeting. FX Volatility will likely be high in the short-term, but on a 3-12M horizon we still...
(from my colleague Dr. Win Thin)The Czech National Bank (CNB) ended the EUR/CZK floor today. Timing was a little earlier than expected, but rising inflation and a robust economy warranted it. We think...
I read the following excerpt in the morning edition of NightWatch for April 4. An important reason [the threat of actual war] remains low is that spring planting has begun in North Korea. As a nation...
The Czech koruna surged almost 1.5 percent to its highest level against the euro since November 2013 on Thursday, after the country’s central bank scrapped the cap on the currency it had in...
Here is the opening statement from the Department of Labor: In the week ending April 1, the advance figure for seasonally adjusted initial claims was 234,000, a decrease of 25,000 from the previous...
Falling stock markets on Wednesday set the tone for the Canadian dollar, which suffered its third straight day in negative territory and below 74.5 cents. This trend could continue if comments from...
Thursday April 6: Five things the markets are talking aboutThe FOMC minutes yesterday made it clear that shrinking the +$4.5T balance sheet will be a priority for U.S. policy makers in the coming...
There is a really big crisis coming.Think about it this way. After 8 years and a 230% stock market advance the pension funds of Dallas, Chicago, and Houston are in severe trouble. But it isn’t...
The minutes of the Federal Reserve’s latest meeting revealed that there will likely be a further tightening of monetary policy. In a two-part plan, the Fed will begin by raising the Federal...
The single currency reversed gains, as the European Central Bank (ECB) President Mario Draghi’s comments revived the ECB doves in Frankfurt. Draghi said that a ‘reassessment of the current...
GBP/CADToday’s support: - 1.6729, 1.6710, 1.6672 and 1.6653 (main), where correction is possible. Break would give 1.6628, where correction also may be. Then follows 1.6605. Break of the latter...
Quiet but data ahead The dollar is weaker overnight with the yen and Swiss franc benefiting from a heap of nervous sentiment following the Federal Reserve’s latest policy meeting minutes and...
The tones in the financial markets remain unchanged for the week. US equities attempted for a rally overnight. DJIA surged initially on strong US ADP employment and reached as high as 20887.50. But...
FTSE -60 points at 7271DAX -62 points at 12155 CAC -26 points at 5065 Euro Stoxx -17 points at 3455 The Federal Reserve (Fed) minutes revealed the FOMC members’ will to start shrinking the $4.47...
Market Movers today The ECB minutes from the March meeting will be scrutinised for any hints and discussions within the Governing Council of the ECB contemplating hiking rates before a termination of...