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The Fed, more politician than economist, largely maintains confidence by saying what people, even they, want to hear. The job market, following an economy showing signs of deterioration near extreme...
Many in Europe continue to believe in the permanence of the Eurosystem. The Bank of Greece is controlled by the ECB, and its assets and liabilities will always be consolidated into the Eurosystem. By...
Last week’s review of the macro market indicators suggested, heading into June Options Expiration week, that the Equity markets looked weak in general short term. Elsewhere looked for gold to...
Market movers ahead The market will be watching the emergency EU summit scheduled for Monday for a possible deal between Greece and its creditors to extend the Greek bailout. In China, we expect...
What exactly does it mean for a big Wall Street bank to plead guilty to a serious crime? Right now, practically nothing.But it will if California’s Santa Cruz County has any say. First, some...
For the most, analysts want you to believe that the economy isn’t growing. And the fact that the Fed didn’t say in particular when it would hike interest rates in its last press briefing...
It’s been a rather bizarre start to the trading session on Friday, as all the negativity around more failed Greek talks, possible default and capital controls over the weekend is met with strong...
The outlook for the US economy has hit a rough patch lately, according to some indicators, but you wouldn’t know it from the weekly updates on jobless claims. This leading indicator continues to...
Sterling powers on, Dollar stabilisesSterling continued to be the G10’s golden child yesterday as retail sales came in slightly better than expected, which along with the more positive Bank of...
Forex News and EventsSNB left monetary policy unchanged Unsurprisingly, the Swiss National Bank left unchanged its monetary policy by maintaining the 3-month Libor target range at between -1.25% and...
All eyes are focused towards the Eurozone crisis and traders will be nursing the situation very carefully. There has been reports late last night that the Greek banks may not be able to open on Monday...
The US dollar is trimming its weekly loss against the most of the major currencies, while extending its gains against the two currencies that it has appreciated against this week, namely the New...
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....