Market Overview

Market BriefThe SNB introduced negative interest rate (-0.25%) on sight deposits at European open today amid persisting pressure on EUR/CHF’ 1.20 floor, said ready to take more measures if...

Last night’s Fed meeting was an exercise in how strange these markets have become. We might as well go through what the end product has been first and then detail just how markets find...

Currencies Easy The euro (EUR) collapsed from 1.2569 down to 1.2319 against the US dollar (USD). The single currency dropped after Janet Yellen stated that interest rates will rise gradually next year...

EUR/USDToday’s support: -1.2301 and 1.2274(main),where correction is possible. Break would give 1.2253, where correction also may be. Then follows 1.2238. Break of the latter would result in...

We now need to be patient for a considerable period The FOMC meeting turned out as was widely expected: they dropped the “considerable period” phrase and instead said the Committee...

The Australian dollar hit another fresh four year low yesterday after a change of tone from the US Federal Reserve indicating that the central bank may lift interest rates in April of next year. At...

The Danish DMO plans issuance of DKK75bn in domestic bonds, DKK30bn in treasury bills and consequently a draw of DKK30bn on the government's deposits to meet the DKK135bn total domestic financing need...

Looking at the session for Thursday, there isn’t too much to move the markets as far as economic announcements are concerned. There is a retail sales coming out of the United Kingdom, but really...

Every month, we review the latest BAML survey of global fund managers. Among the various ways of measuring investor sentiment, this is one of the better ones as the results reflect how managers are...

Over the weekend we pointed out this would be a crucial week for markets. This week’s volatility hasn’t really cleared anything up although there are some notable observations to be made...

Keeping to the Xmas theme, I can only say that the FOMC left a slew of wrapping paper that had been ripped from the gifts that Santa had brought. Scraps of paper, broken boxes and trampled rubbish...

The global economy is under pressure these days, suffering from a troubling mix of heightened geopolitical risk and wobbly macro reports. Despite the challenging environment, the US economy still...

In our Fed preview Wednesday morning, we argued that the market’s reaction to today’s Federal Reserve statement could be a binary outcome dependent on just two words: considerable time. As...

The Federal Reserve upgraded its assessment of the labor market and changed the future guidance from "considerable time" to "can be patient in beginning to normalize the stance of monetary policy." ...