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WTI/USD – Crude Rises on Hopes of OPEC Agreement

US crude has posted considerable gains on Monday, following sharp losses in the Friday session. In North American trade, WTI/USD futures are trading at $45.98 per barrel. Brent futures have risen to $47.38, as the Brent premium stands at $1.40. In economic news, oil exporters are meeting in Algiers from September 26-28. In the US, […]

XAU/USD – Gold Remains Subdued as Markets Digest Fed Decision

Gold has ticked higher on Monday, continuing the lack of movement we saw late last week. In the North American session, the metal is trading at a spot price of $1340.06 per ounce. On the release front, it’s a very quiet start to the week, with just one economic indicator on the schedule. New Home Sales […]

USD/CAD Canadian Dollar Lower Ahead of US Presidential Debate

The Canadian dollar is lower on the first day of trading this week even after oil prices jumped close to 4 percent as the Organization of Petroleum Exporting Countries (OPEC) and other major producers started their meeting in Algiers. The USD is weaker against majors with the exception being the CAD. Dismal data on Friday […]

Bonds, Stocks and Dollar Wary of Trump/Clinton Debate

Five things the markets are talking about Investors’ focus now shifts to the U.S presidential race, which begins this evening (Sept 26, Oct 9 and 19) at Hofstra University, Hempstead, NY at 9pm EDT. Up to this point, the various asset classes have not really being weighing in on the election outcome, but today should […]

Week Ahead Central Bank Patience Left Unanswered Questions for Markets

The BoJ and the Fed kept rates awaiting further economic data The USD is mixed against major currencies after a week filled with central banks statements but little action. The Bank of Japan (BOJ) and the U.S. Federal Reserve published their respective rate statements less than 24 hours between them. The status quo was maintained […]

The Great Debate

As we enter the new week, Central Bank Policy qualm has significantly reduced for now. However, the US election risk hovers on the horizon for markets with the first general election debate of the 2016 presidential campaign set for tonight.  Given the highly polarizing and politically divisive cast of characters, could the drama be any […]

NZD: Kiwi’s Wings Get Clipped

The New Zealand Dollar has had a difficult end to the week. Being heavily sold against most of its major counterparts. However, the longer term charts and underlying macro situation mean the picture is not as clear-cut as it seems. New Zealand has been somewhat of a darling recently. A purring economy, an excellent rugby […]

Volatility Compressed, Yield Curves Flatten, Dollar Hangs In

Five things the markets are talking about It’s no surprise to see volatility compressed for a second day and sovereign yield curve flatten as markets and investors process this week’s central banks (FOMC and BoJ) ripple and settle on a coin toss for a December Fed hike. With the Fed on the fence, much of […]

WTI/USD – US Crude Climbs as Weaker Dollar Buoys Sentiment

US crude has posted considerable gains on Thursday, continuing the upward movement which marked the past two sessions. In North American trade, WTI/USD futures are trading at $46.40 per barrel. Brent futures have risen to $47.64, as the Brent premium continues to narrow and stands at $1.24. In economic news, unemployment claims dropped to 252 thousand, […]

XAU/USD – Gold Climbs to 2-Week Highs as Dollar Sags After Fed

Gold continues to move higher on Thursday, following strong gains in the Wednesday session.  The metal is trading at a spot price of $1340.07 per ounce in the North American session. On the release front, unemployment claims dropped to 252 thousand, well below the forecast of 261 thousand. However, existing home sales fell to 5.33 million, short […]

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 […]

Fed: Everything is Improving, Hence We Lower Growth Forecasts

Five things the markets are talking about Can we shout deja vu loud enough? The Fed came with the same story, just inserted different figures and months. Chair Yellen and company left rates unchanged yesterday, but pointed to an increased likelihood of a hike in November or December – if they don’t, their credibility is […]

WTI/USD – Crude Rises Above $45 as Crude Inventories Slide

US crude has posted slight gains on Wednesday, continuing the upward movement which marked the Tuesday session. In North American trade, WTI/USD futures are trading at $44.84 per barrel. Brent futures are trading at $46.54, as the Brent premium has narrowed to $1.70. In economic news, Crude Oil Inventories surprised with a sharp decline of […]

Gold/Silver Ratio: Flirting with Support

Ahead of tonight’s FOMC the Gold/Silver Ratio Chart is worth more than a passing glance In the bullion trade, the Gold/Silver ratio is known as the “mint” ratio. I won’t bore you with the reasons; Google can help there. Needless to say, it involves a double metal standard and the USA in times past. What […]

BOJ UNCHANGED: Passes the buck to the Fed

The Bank of Japan has left rates unchanged at -0.1 % with the option of cutting rates further in the future. Overall it has changed some operations within its policy, but the general feeling is one of fiddling with the details as opposed to any substantive new policies. Among the changes are, TO BUY JGBS […]

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 […]

WTI/USD – US Crude Subdued as Markets Eye Fed Rate Statement

US crude continues to have an uneventful week. In the North American session, WTI/USD futures are trading at $43.81 per barrel. Brent futures are trading at $46.20, as the Brent premium stands at $2.61. In economic news, there were only two releases on the schedule. Housing Starts and Building Permits both came in at 1.14 million, […]

XAU/USD – Gold Unchanged Ahead of BoJ, Fed Rate Announcements

Gold continues to have a quiet week and is unchanged on Tuesday. The metal is trading at a spot price of $1314.60 per ounce in the North American session. On the release front, there were only two releases on the schedule. Housing Starts and Building Permits both came in at 1.14 million, short of expectations. […]

It’s Kickoff Time !

Traders have been patiently waiting for the next 24 hours to unfold which should be chalk filled with high-risk events with BOJ ,FED &RBNZ rate decisions not to mention the much-anticipated speech from the new RBA Governor  Phillip Lowe.  However, it does feel that expectations are low heading into this round of CB meetings and […]

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, […]