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With September rate hike odds coiling bloe 10%, the market has already spoken about the possibility of a rate hike in 2 days. And since the Fed has never "surprised" the market by hiking when expectations of a rate increase were below 60% as we

We keep our EUR/USD forecasts unchanged and still expect EUR/USD to continue to trade in the ‘post-Brexit’ range of 1.10- 1.14 in coming months. We target EUR/USD at 1.12 in 1-3M . While we believe that there will be some slowdown in the Eurozone in

Pound Sterling has slumped sharply right across the foreign exchange market with no obvious catalyst leading one analyst to blame automated trading for the slump. British Pound to Euro exchange rate today: 1.1597, 48 hour best rate: 1.1717 Euro to

Morgan Stanley: It's Not About Easing For JPY; Its About Inflation Expectations. The evolution of inflation expectations is dominant for the assessment of the JPY. Hence, the BoJ’s monetary policy statement due on Wednesday must be checked in respect

Leon Cooperman charged by SEC Leon Cooperman of Omega Advisors faces insider trading charges. They allege he generated substantial illicit profits. He's charged with failing to timely report information. That could be the biggest insider

Through the will-they-or-won’t they of Fed rate hike expectations one thing is clear – much less is currently priced into markets than was the case in late May. Since then the US$ has been generally lower, with the clear exception of course been

We are now most focused on the USD and GBP for relative value opportunities. Rates markets have been persistently unwilling to increase pricing for Fed hikes since June, despite a fairly steady stream of hawkish comments from officials and strong

In the jostling to lure London bankers post-Brexit, Paris touts its cultural and culinary offerings, Amsterdam its digital connectivity, and Dublin its use of English. Frankfurt’s pitch: make it easy to fire bankers. Hesse, the German state that’s

Currency investors should consider GBP/USD this week , advises Credit Suisse in its weekly FX pick to clients. " We expect BoE to marginally tweak down its dovish tone this week, which should give a brief lift to the pound. We see little incentive

While EM is now in a better position compared to 2013 when the taper tantrum yields back up caused EM assets to decline universally, there are exceptions. South Africa still runs a current account (CA) deficit of 5% of GDP and here political

Trading G3 currencies in the second half of this year has been treacherous so far. The euro has traded in a 1.095 to 1.137 range, which itself lies in the rough range of 1.08 to 1.15 that has been in place since early 2015. Meanwhile, USD/JPY has

We see the potential for further advances in the GBP to USD conversion but others are more bearish on the pair's prospects. GBP/USD is seen trading at 1.3269 at the start of the new week - more or less where it ended the previous week. The

The Fed entered the quiet period ahead of its 21 September meeting on a dovish note with comments from Minneapolis Fed President Kashkari and Fed Governor Brainard making a strong case for patience in raising rates. However, our economics team views

From a piece in the UK Telegraph Bloomberg with that headline Juncker will be giving a speech later, his very own 'State of the Union' address -- Jean-Claude Juncker is President of the European Commission

1.  GDP growth has slowed markedly to just around 1% q/q AR over the past three quarters – annual GDP growth declined from 3.3% y/y in Q1 15 to 1.2% y/y in Q2 16. 2.   Unemployment and underemployment rates have moved sideways for some

UK data has surprised positively in recent weeks, but only in the context that markets were anticipating a contraction in Q3 activity. The actual results are probably closer to signalling a stalling to zero growth, still not a great scenario for the

Goldman Sachs thinks the Bank of Japan framework will largely be left unchanged From Goldman Sachs: At its MPM next week (September 20-21), the BoJ will present the results of the "comprehensive assessment" of its current policy framework with the

The Bank of England is expected to say on Thursday that it will still probably cut interest rates to a fraction above zero later this year, despite signs it overestimated the initial shock to Britain's economy from June's Brexit vote. The BoE's nine

Weak retail sales are the final nail in the coffin The important line in the US retail sales report is the 'control group'. It's the measures that strips out potential autos, gas and building supplies. It fell 0.1% in August compared to a +0.4%

USD/CAD : The renewed decline in oil prices and last week’s dovish tilt from the BoC (“risks to the profile for inflation have tilted somewhat to the downside since July”) have put USD/CAD in a very precarious position. Against that backdrop we