Market Overview

The run on the yen continues. The US dollar and euro are at new multi-year highs against the yen. As well, the BOJ confirmed its JPY80 trillion monetary base target unexpectedly adopted at the end of...

BoJ members show more agreement The Bank of Japan ended its two-day policy meeting and kept its massive stimulus program intact as was widely expected. Board member Takahide Kiuchi was the only...

For three years now Columbia Journalism Review Books has been publishing what the book’s editors (in this case Dean Starkman, Martha M. Hamilton, and Ryan Chittum) consider to be the best...

Currencies The euro (EUR) advanced by 100 pips yesterday and is now trading around 1.2520 against the US dollar (USD). The German ZWE economic sentiment came out much better than expected and helped...

The Australian dollar has dropped sharply below the US87.00 cents level as Iron ore prices fell sharply overnight and Prime minister Abe of Japan called snap elections. At 6.30pm (AEDT) the local...

Market movers today Today's most interesting event are the minutes from the FOMC meeting on 29 October, when the Fed turned more hawkish on the labour market saying that the underutilisation of...

Yen weakens broadly today after BoJ left policies unchanged and USD/JPY made new seven year high. The main focus of today's announce is the vote split. BoJ governor Haruhiko Kuroda won the tight 5-4...

Wednesday is a day of central banking news, starting with a policy update from the Bank of Japan, which will draw wide attention in the wake of Monday's disappointing report on third quarter GDP....

Are you waiting for the next major wave of the global economic collapse to strike?  Well, you might want to start paying attention again.  Three of the ten largest economies on the planet...

There are three reasons why people have made the mistake of thinking that private real estate is less volatile. (1)    Comparing unlevered private returns to levered public returns: The...

Wage inflation remains abnormally low although the labor market has clearly tightened. The short-term unemployment rate fell to 3.9% during October, the lowest reading since November 2007. Back then,...

Legal hassles continue to haunt HSBC Holdings plc . After being fined for foreign exchange rate manipulation last week, the company’s Swiss private banking unit – HSBC Private Bank NV/SA...

Gavyn Davies wrote a fascinating FT article this weekend about the long-term outlook for stock prices. In essence, he attributes much of the current secular bull run to rising inequality in the...

The US reports the TIC data at the close of markets today for the month of September. In August the TIC data showed $74.5 bln net foreign portfolio capital flowed to the US. The bulk, or a little more...