Insights

 

FX Daily
October 29, 2014 Posted by
The markets are quiet this morning in advance of today’s Fed announcement. Most market participants expect the Fed to end its quantitative easing program, which currently stands at $15 billion per month, while leaving rates unchanged near zero.
Read More
0 Comments | Join the Discussion

FX Daily
October 28, 2014 Posted by
Global equity markets are higher on stronger corporate earnings while treasuries sold off on the back of better than expected consumer confidence. Approximately 80% of S&P 500 companies have reported earnings, with 61% of those reporting beating sales targets.
Read More
0 Comments | Join the Discussion

FX Daily
October 27, 2014 Posted by
The major event of the week will be the FOMC policy announcement on Wednesday in which the Fed may announce the end of its quantitative easing program; which given Bullard’s recent dovish comments is not a foregone conclusion. The program currently calls for $15 billion of security purchases per month.
Read More
0 Comments | Join the Discussion

FX Daily
September 26, 2014 Posted by
Greek Prime Minister Antonis Samaras is working to convince German Prime Minister Angela Merkel that Greece can now handle an early exit from their bailout program. Earlier in April, Greece issued debt for the first time in 4 years and yields on the nation’s ten year note have fallen from a record high of 44.21% to 5.47%, which is less than yields of similar debt issued by Iceland and Mexico.
Read More
0 Comments | Join the Discussion

FX Daily
September 24, 2014 Posted by
Japanese Prime Minister Abe said that weakness in the JPY could have both positive and negative consequences and noted that he would be cautious about impacts on the local economy. Abe’s comments followed those of Economic Minister Amari and Finance Minister Aso who stated that too rapid a decline in the JPY was not desirable.
Read More
0 Comments | Join the Discussion

FX Daily
August 28, 2014 Posted by

Geopolitical tensions are negatively impacting the markets this morning. Global equities dropped, gold is higher, the USD is stronger, and the RUB sold off to a six month low on evidence that Russia has sent over 1,000 troops to fight in the Ukraine with the separatists.

Read More
0 Comments | Join the Discussion

FX Daily
August 27, 2014 Posted by
The Euro strengthened from its lowest levels in nearly a year after Germany’s Finance Minister Wolfgang Schaeuble stated that ECB president Draghis’ comments regarding fiscal policy were “over –interpreted.” The currency’s modest advance comes ahead of tomorrow’s schedule release of German consumer price inflation, which is predicted to bolster the case for added ECB stimulus.
Read More
0 Comments | Join the Discussion

FX Daily
August 26, 2014 Posted by

French President Hollande’s firing of industry minister Arnaud Montebourg for publicly criticizing austerity measures underscores the political crisis confronting the President as he tries to strike a balance between demands at home to revive a struggling economy and pressure from the EU to reduce deficits. Hollande’s approval rating is just 17% and unemployment is at a record high of 10.1%. It is under this backdrop that Hollande’s pledged EUR 50 billion in spending cuts over 3 years has been met with resistance. Montebourg’s critique of austerity referred Hollande’s measures as “slavish” and “dogmatic.”

Read More
0 Comments | Join the Discussion