"You could be forgiven for thinking that the biggest driver of the EUR/USD rate is not Greek debt talks, but the pricing of the December 2016 Fed Funds futures contract. This closed on Friday at 1.02%, the lowest level since mid-May...
This June the sales trends of properties include homes and condos exceeded the expectations of economists. It is estimated only going up to the amount of 5...
"Despite a dovish market reaction to this week’s FOMC statement, the Fed’s message remains focused on data dependency, and our economists continue to believe that conditions will be met for policy tightening to start in September...
There won't be a grace period for Greece if it fails to repay the IMF on June 30: media reports suggested the ECB has called for an emergency meeting to discuss the Greek ELA...
EURUSD is breaking above the ceiling at the 1.1372-86 area. The move above spent 8 hours.. The pair has been consolidating over 7 or so days until the extension higher today. The move back below the ceiling is a disappointment. Is that it? Is that all the market could do? Was that your best shot...
EURUSD: "No one wants a strong currency but Fed Chair Yellen's comment that the "dollar's gain is a factor affecting" the economic outlook, surprised the market.. The first decent resistance is 1.1468, the mid-May high, ahead of 1.1534, the February high...
"Market participants seemed to focus on the shift lower in the Fed’s projection for the Fed funds rate, with the average “dot” for end 2015 falling to 57bp from 77bp...
Silver market is showing several multi-year extremes. That indicates that a big move is underway. Since its peak in 2011, silver lost approximately 70% of its value. Since last November, silver has formed a support area on its chart right below $16.00 per oz...
Why Is This Event Important: Signs of stronger price growth may keep the Fed on course to raise the benchmark interest rate later this year, but a continuation of the disinflationary environment may encourage the central bank to retain the zero-interest rate policy (ZIRP) beyond 2015 in an effort...
"Should the Greek government and its international partners fail to reach an agreement in the emergency meetings scheduled for the coming days, a further escalation in the crisis would seem likely", argues UBS...
D1 price is located below Ichomoku cloud/kumo for primary bearish market condition with secondary ranging between 1162.66 support and 1192.26 resistance levels. The price is ranged between 1162.66 and 1192.26 levels...
The Dollar Would Cluck If Jokowi Accelerate Infrastructure. This could probably make a good example for the country's leaders that the acceleration levels of the good economy of a country that in the realization of the principle of people's elevated the good and true of leader itself...
"Our call remains for Fed lift-off in September with a bias towards further FOMC front-loading. Such front loading behaviour post-FOMC should push USD funding costs higher thereby dragging EUR/USD lower...
FOMC: "Markets will pay close attention to the tone of the FOMC statement on Wednesday and watch for hints on the timing of the first rate hike...
"It appears that well supported BoE rate expectations continue to keep currency downside limited from current levels. In that respect it must be noted that medium-term inflation expectations, as measured by 5Y forward breakeven rates, remain close to multiweek highs...
Poor data for 1Q GDP and CPI have raised the possibility of a policy response from the Swiss National Bank at their 18 June meeting, notes Bank of America Merrill Lynch...
"The rise in eurozone bond yields has caused the EUR’s status as a funding currency to fade in recent weeks and the JPY to overtake as the favoured currency for the market to sell, especially as a funder for long USD positions...
Next week’s Eurogroup meeting maybe the last real chance to avoid a Greek default. Recent official discussions seemed to have focussed on providing Athens with a bailout extension in exchange for the implementation of piecemeal reforms...
The organization also urged the Federal Reserve to hold off raising rates until the next year, citing the risks it may pose to emerging markets...
