Market Overview

A sharp move lower in the CNH rate indicates strongly that China has today intervened in the off-shore market. This is quite unusual as China mainly intervenes in the on-shore market (CNY), as has...

There were no big surprises in the announcement from Bank of England today. The Monetary Policy Committee was divided (8-1 split vote) on whether to keep the Bank Rate unchanged or raise it...

Talking Points:Yen Down on Risk Trends as NZ Dollar Corrects After RBNZ-Driven Plunge Canadian Dollar on the Upswing as Crude Oil Moves Higher in Asia Trade US Dollar Looks to PPI, UofM Survey Data...

Status quo for the Bank of CanadaThe Bank of Canada opted to hold steady on its key rate yesterday, as expected by most observers. Although the institution left the rate at 0.50%, it was acknowledged...

When Kenny Rogers crooned, 'you gotta know when to hold 'em and know when to fold 'em', he was talking about poker. But the same strategy applies to the stock market, too. You need to know when to...

(from my colleague Dr. Win Thin)The reasons why Brazil was downgraded to sub-investment grade are clear and don’t really need further discussion beyond noting that the numbers are going to get...

In the past two days, global stocks significantly gained and it was mainly brought on by the biggest one-day gain in seven years posted by Japan. Dominant indices in the weakening Chinese economy like...

September is typically one of the more important months when it comes to understanding market trajectory for the subsequent months. For the financial sector, September price action in particular is...

The World Bank and two influential economists–Larry Summers and Paul Krugman–have joined the do-not-raise-rates club of doves. The Treasury market, however, is still expecting that the...

Daily BriefingCurrenciesEUR/USD: The pair is trading below the 50 day moving average on a 4 hour time frame. This confirms that the bulls are losing their control of the price. The next resistance is...

The high volatility and large swings are what drive the equity markets in a hectic fashion at the moment. The disillusion of an economic recovery tweaks the central banks back to the monetary easing...

• Turns and roundabouts Yesterday saw amazing mean reversion. On Tuesday, it was risk on all the way: stocks soared, with the Nikkei showing the largest gain in several years; copper and oil rose...

1. RBNZ cut rates 25 bp to 2.75%. It was already discounted, but what punished the kiwi was the intimation by Wheeler of scope for additional rate cuts. Another cut looks likely by the end of the...

The dollar ended in negative territory against the euro on Wednesday but gained against most other currencies on hopes for fresh easing measures by the Bank of China after the country’s finance...