Cable FOMC Conundrum
The British Pound was the big story overnight, experiencing a wild 100 pip V shaped swing as Cable first fell on the Bank of England decision and then gained it all back as the FOMC minutes came into...
View ArticleThe Calm Before the Storm
A whole string of bank holidays to start the week with Japan off (again!) in observance of Health-Sports Day, while the US and Canada are also off for Columbus Day and Thanksgiving respectively. The...
View ArticleLego City Oil
Lego City: With the US holiday behind us, the true trading week starts today with the major fundamental news hitting the wires being a report citing that OPEC has continued to boost Crude Oil...
View ArticleAussie Run Tackled
Aussie: After a solid NINE sessions of gains, the Aussie Dollar’s rally has come to an end with a thud. The rally was the currency’s third longest since it was floated in 1983. “AUD NAB Business...
View ArticleRetail Sales Headache
US retail sales missed expectations for September, further raising doubts that the Fed will have the fundamentals behind them to raise interest rates this calendar year. If you’re clinging onto the...
View ArticleBalloon Crew
With a 0.2% rise in September core US consumer prices, hope has been given that inflation is at least moving in the right direction toward the Fed’s 2% target. “USD CPI m/m (-0.2% v -0.2% expected)”...
View ArticleAsian Focus Monday
BoJ Happy: Welcome back to your desks for the start of another important week in the trading world which features central bank action from Australia, Canada and the Eurozone. But first of all, we turn...
View ArticleRBA Minutes – As You Were
RBA Minutes – As You Were: A little later than normal for today’s Daily Market Update, but with the already old news that is the RBA Meeting Minutes coming mid morning, a recap is probably more useful...
View ArticleFighting out of the Red Corner
“Good morning and welcome to a battle for the ages to decide who will gain the right to call the Canadian election title belt their own. Fighting out of the Red corner, wearing white trunks with Maple...
View ArticleCanadian Club: USD/CAD Scenario Plays Out
Canadian Club: In yesterday’s Daily Market Update, we took a look at trading the Bank of Canada interest rate decision in the wake of elections which saw the Liberal’s Justin Trudeau sweep to victory....
View ArticleDraghi and EUR/USD: Play the Expectation
Play the Expectation: Trading isn’t about what happens, it’s about what markets expect to happen in the future. There is no clearer example of this than last night’s European Central Bank interest rate...
View ArticleChina Cuts and the Swiss Ramble
China Cuts: Welcome back to Monday Asia in what looks an action packed week. Friday saw the People’s Bank of China cut their benchmark rate by another 0.25% to 4.35%. This is the 6th cut of official...
View ArticleUSD Heading into FOMC
With FOMC on Thursday morning, our focus shifts to the US dollar and its effect on the majors. The bottom line is that the strong US Dollar is a problem for the Fed. In an economy of stunted growth...
View ArticleMixed Markets, Wait and See
The US Dollar pulled back into its weekly range against the majors as US data missed expectations and tomorrow’s FOMC meeting saw markets continue to settle and square up. US data overnight included a...
View ArticleFed Chop & Change
Fed Chop & Change. Not Like Anyone is Listening, Right? Following this morning’s FOMC statement, the Federal Reserve have done their best to put the December meeting in play. “…determine whether it...
View ArticleKick Away Those Monday Morning Cobwebs
Weekend Review: Kick away those Monday morning cobwebs, markets are open! Friday night saw Federal Reserve Bank of San Francisco President John Williams speaking at the Brookings Institution in...
View ArticleOdds on an RBA Melbourne Cup Rate Cut?
While the eyes of the Australian public are on Melbourne for the ‘race that stops a nation’, the eyes of the financial world turn to Sydney for the interest rate decision out of the Reserve Bank of...
View ArticleRBA Hawkish? Huh?
Following the Reserve Bank of Australia’s decision to yesterday leave interest rates unchanged, the Aussie dollar doesn’t really know where it is at the moment. Hawkish, hawkish, hawkish. All I read is...
View ArticleTestify!
Testifying on bank regulation before the House Financial Services Committee in Washington DC, Janet Yellen still managed to give markets some juicy monetary policy comments to sink their teeth into!...
View ArticleThereof Dove
The Bank of England overnight signalled that interest rates will not be lifted off record low levels any time soon. The Bank of England Monetary Policy Committee voted 1-0-8 (increase-decrease-hold)...
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