As broadly expected the Federal Reserve lifted borrowing costs by 25bps following a two-day meeting. The decision was already priced in by market participants...
It has been a wild ride for the Russian ruble over the last 18 months. USD/RUB fell as much as 35% between January 2016 and April 2017 before stabilising at between 56 and 58 ruble per US dollar...
What needs to be said has already been said and now we wait. The markets have fully priced-in a 25bp to 1.0-1.25% range hike for this afternoon's FOMC rate decisions. We agree with the Fed that activity and inflation data has been stymied by transitional factors...
The political circus that Washington has become continues to draw investors’ attention away from fundamentals...
A set of data has been released this morning and it seems it is a never-ending story for Japan. April machine orders just collapsed at -.31% m/m while markets had estimated an increase of 0.5. This data is often used as a proxy for the capital expenditure...
The USD was trading broadly lower against its G10 counterpart on Monday morning as investors anticipated a busy week for central bankers. The Federal Reserve is set to release its monetary decision on Wednesday...
The four major parties appear to broadly agree on electoral and parliamentary rules. The new system would favor broad coalitions and reduce the chances of an anti-establishment victory...
The general tone of preliminary releases was that economies worldwide are doing great, almost without exception, and that Europe is outperforming the US. This latter trend will highlight the discussion at one of the two main upcoming events, the European Central Bank (ECB) meeting on Thursday...
The FOMC meeting minutes that released last week has cemented expectations for a rate hike 14th June. While second estimate for 1Q GDP growth came in higher at 1.2%, the number remains subdued...
Twice last year, the Fed delayed hikes due to political or market turmoil – once after a China-inspired decline in global equities, and again after the UK's Brexit vote. Amid a deepening US political crisis, investors seem to think US officials might be tempted to do so again...
The Japanese yen gained momentum on the last trading day of the week as it rose 0.85% and 0.63% against the pound and the Aussie respectively. USD/JPY fell as much as 0.53%, down to 111.25, as investors switched to risk-off mode ahead of the weekend. Gold inched higher and rose $5.5 to 1,262...
Sterling went under renewed pressure on Monday morning with Brexit negotiations expected to make a comeback this week. The pound was the worst G10 performer as it slid 0.50% against the greenback with GBP/USD easing as low as 1.2967. Over the last few days, the pound has been testing the 1...
U.S. President Donald Trump is weeks away from naming anyone to the board of the Federal Reserve, a White House official said, meaning it could be the fall before three currently empty seats are filled...
Former Federal Reserve Chairman Ben Bernanke said on Wednesday that he is "puzzled" by how little markets have reacted to major political risks, and skeptical about the Trump administration's ability to fulfill its pledges to stoke faster growth...
During the French Presidential elections, it was clear that the Swiss National Bank was selling franc to prevent any safe haven effect. Uncertainties regarding the outcome (at least before the first round) drove the Swiss institution to intervene massively...
The last batch of US data came on the soft side and called into question the actual Fed’s rate path. Indeed, inflationary pressures eased for a third month a row in April with headline CPI printing at 2...
It is trusted that boost prompting the making and spreading of exchange trade was the minute when man began delivering more agrarian harvests than they can devour. The overabundance was then exchanged for things they were keen on with others...
Ray Dalio, the founder of Bridgewater, the world’s largest hedge fund, says the economy has gotten as good as it can get. That makes future improvement unlikely. As a matter of fact, he writes the future looks “scary...
Federal Reserve Chair Janet Yellen said Friday that women have made major strides in the workplace in the past 125 years, but she expressed concern about barriers that are still holding women back today...
