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BoE: UK faces ‘Challenging Period’ For Financial Stability

Britain still faces a “challenging period” for financial stability despite resilience seen after the European Union referendum, and rules for banks must remain stay tight, the Bank of England said on Thursday. Britain’s government is keen to ensure London retains its place as Europe’s leading financial center even after the country leaves the EU, but […]

FX Ready and Waiting for the Fed

Five things the markets are talking about The focus shifts to the Fed now that the BoJ has scrapped their monetary base framework in favor of “Yield-Curve Control.” Only time will tell if Kuroda’s new shift in policy will be a success. It seems that Japanese policy makers are hoping that the Fed will be […]

Pound Woes Continue, Focus on Fed and BoJ

Five things the markets are talking about Tomorrow’s double-header with the Fed concluding its meeting and the BoJ announcing something has potential to rock markets, especially FX which is still playing catch up with both bonds and equity price moves for this month. In regards to sovereign yield curves, Fed expectations are controlling the front-end, […]

Central Banks Are Coming For FX

Five things the markets are talking about Central banks have certainly woken up the stock and bond markets from their summer slumber, but not yet the FX markets. This week’s events should go along way to rectify that imbalance. With the Federal Reserve and Bank of Japan rate decisions set to dominate this week, expect […]

Week Ahead USD Rises After US Inflation Boost

US inflation continues to move toward the Federal Reserve’s goal The USD rose across the board on Friday, September 16 after August’s consumer prices advanced 0.2 percent beating expectations. The core consumer price index (CPI) rose 0.3 percent ahead of a 0.2 percent forecast. The USD had taken a hit on Thursday after retail sales […]

Dollar Needs Fed and BoJ Guidance

Five things the markets are talking about U.S retail sales and industrial production data yesterday supports the case that the Fed is not going to tighten next week, with many remaining sceptical whether the Fed could pull the trigger at all this year. According to fed fund futures it’s a coin toss for the December […]

U.S Data to Influence Fed Hike Chances

Five things the markets are talking about Capital markets are unusually keyed into Fed decisions and for as long as they remain so, investors should be expecting pockets of volatility to be somewhat plentiful ahead of next week’s FOMC rate announcement (Sept 20-21). But, that is next week, now, the market has a few other […]

Risk Intensifies as Central Banks Threaten to Turn Off Taps

Five things the markets are talking about September trade has finally ushered in some volatility. This month, the market has and will be focusing on Tier 1 central banks for direction (to come BoE, SNB, BoJ and Fed). To date, despite the “lower for longer” mantra across the board, it’s been the rhetoric that’s managed […]

Canadian Jobs to Hog the Limelight

Five things the markets are talking about Policy inertia by Tier 1 central banks so far this month is contributing to a lack of meaningful price movement amongst the various asset classes. Yesterday, the ECB came and went, insisting that the market move on as Draghi failed to provide any new tweaks to their stimulus […]

ECB: Draghi to Disappoint

Five things the markets are talking about Today is D-day for the European Central Bank (ECB). Market consensus does not expect euro policy makers to deliver a new round of stimulus this morning. Nevertheless, officials are expected to release a new raft of economic forecasts, which should help provide the market with further clues on […]

Complex Conundrum

The market has turned into a consolidative mode with the Key ECB rate decision on tap later this evening. For the most part, markets were quiet with European equities mirroring the movements in crude oil prices, which continued to rebound. Fed members Williams and Lacker took to the airwaves expounding their case for a September […]

NZD: The Kiwi gets ready to Fly!

A number of formations on the longer term charts are pointing to a higher NZD as the USD melts away post a very poor ISM last night. For those of you who don’t know, the Kiwi is the national bird of New Zealand. It is a flightless bird, and it is also the nickname for […]

Is the Fed a ‘No Go’ after Service Activity drop?

Five things the markets are talking about Have investors got the proof that the Fed normalization policy remains on hold for this month’s meeting? Last Friday’s soft non-farm payrolls report had already dented the ‘hawks’ case for a September Fed hike, but yesterday’s six-year low print in U.S Services ISM may have delivered the decisive […]

Markets Prepare For September Volatility

Five things the markets are talking about The holiday long weekend is over, schools reopen for the new year, and here’s hoping that today we can “unofficially” bid goodbye to one of the quietist summer trading sessions in living memory. Now that NFP is out of the way, it’s up to the “big four” central […]

Asia Trading Post G-20. Central Banks Cross Their Fingers

With the USA and Canada on holiday today, trading in Asia has been subdued as we await Europe and continue to digest Fridays disappointing Non-Farm Payrolls number. The weekend’s G-20 produced a few nice dinners I am sure and more than its usual quota of vacuous statements on world trade, working together, stability and the […]

Week Ahead Central Banks to Face Tough Questions after Weak US Jobs

USD recovered from the NFP shock but September hike future uncertain The U.S. dollar stumbled on the news that the economy added fewer jobs than expected in August. The U.S. non farm payrolls (NFP) report showed only 151,000 positions versus the forecast of 180,000. Unemployment rate kept steady at 4.9 percent. The American currency was […]

September: Some Important Dates for Capital Markets

Despite today’s NFP print potentially having a massive impact on a possible Fed hike in a few weeks, it will collectively be the “big four” central banks (Fed, ECB, BoJ and BoE), a G20 meet up, and an OPEC get together over the coming days that’s expected to be driving capital markets this month. Here […]

Top Trade Idea For September 2nd, 2016 EUR/GBP

Reversing Brexit Sentiment The conventional wisdom when the British voted to leave the European Union was that the UK economy would suffer much more than the continent. Naturally, this saw the EUR make strong gains against GBP. Despite a lack of clarity around the exit mechanism, EUR/GBP is showing signs that those initial fears could […]

Expect Whiplash Price Action Ahead of NFP

Five things the markets are talking about Data yesterday saw the U.S economy add other +177k private sector jobs last month, proof that job creation remains strong, with most industries and companies of all sizes adding solidly to their payrolls. What does it means for Friday’s non-farm payrolls report and the Fed’s September meeting? The […]

Dollar Grinds Higher Looking For Fundamental Support

Five things the markets are talking about Is the dollar getting ahead of itself? As a ‘hawkish’ Fed justifies the dollar’s positive price action, one gets the feeling that the moves over the past three-sessions may be becoming a tad stretched. Fed officials have indicated that a near-term decision on interest rates depends on data […]

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