Market Overview

Dollar weakened overnight while stocks rebounded after Fed kept interest rate unchanged as widely expected. The target rate was held between 0.25% and 0.50% but Kansas City Fed President Esther...

Yesterday we reported separately on the latest residential building permits and housing starts in the government's monthly report, courtesy of the Census Bureau and the Department of Housing and Urban...

Fed Yellen is gutless and very transparent. She does the same nonsense over and over. She talks about the need to normalize rates and tells us that things are improving economically. We all know that...

On the doorstep of yet another much-heralded Fed announcement and in the wake of the BOJ's tinkering yesterday, the US dollar sits fittingly at a crossroads: spring back to its stoic uptrend nearly 19...

UK CBI Industrial Trends Survey set to confirm upbeat Manufacturing PMI A big-picture review for the US awaits in today’s Chicago Fed National Activity Index Existing home sales in the US...

As most futures traders expected, the Federal Reserve didn't take actionGoing into Wednesday's FOMC meeting conclusion, the Fed Funds futures markets were assigning a 15% probability of a rate hike....

The Bank of Japan failed to announce any new policy initiatives today. The reasons are financial and political.From a financial perspective, the Bank of Japan is well aware that its current tools...

Bob Wiley, the anxiety-prone obsessive-compulsive character played by Bill Murray in “What About Bob?,” tells his psychiatrist, played by Richard Dreyfuss, “There are two types of...

Japan is doomed. Again.A couple of years ago, the Bank of Japan began to pursue QE with the intention of doubling its money supply. While this is a bad plan for almost every country, it was exactly...

Trading has turned choppy in the FX markets. Earlier in the day the Bank of Japan released their monetary policy and while they kept their negative interest rate in place, they did start to manipulate...

All eyes on the U.S. Federal ReserveThe greenback is under slight pressure against other currencies this morning further to the unexpected announcement by the Bank of Japan (BoJ) that it would keep...

In line with our expectations, the Bank of Japan (BoJ) did not add new monetary easing today.It introduced a new and more flexible monetary policy framework (QQE with yield curve control) in which it...

Investment decelerates in the Vysegrad-4. Hungary is the most concerned with the fall in investment by 5% y-o-y over the last four quarters. In Poland investment growth approaches zero, while it...

Surprise, surprise, surprise. Following a string of unexpectedly poor economic reports, GDP estimates for third quarter are slowing ratcheting lower.The Atlanta Fed GDPNow Model lowered its 3rd...