Nordea FX Strategy Research discusses EUR/USD outlook into year-end and warns of the possible negative impact on the pair from year-end liquidity shrink.  "Basis swaps have been on the move recently, widening aggressively and making USD funding costlier. From now and until the end of this year the usage of the...
The Federal Reserve is odds-on to raise rates this week but that does not mean this is a dead meeting. The outlook for the future path of rates remains highly uncertain with the Fed itself wrangling over whether it can stick to at least three 25-basis-point increases next year. With...
The EUR/USD pair was so impressed by last Friday’s statistics on the US labor market, that it managed to update the low it had reached on November 20th. The reports were positive indeed. Of course, there were some nuances, but in general, the statistics was very good. So, the unemployment...
Talking Points: Making record highs have been the norm for the US equity market. An important week in terms of key central bank announcements. No Interest rate hike expected from BOE. US future are trading higher and picking up the momentum where they left off yesterday. Making record highs have...
Here are the latest developments in global markets: FOREX: The dollar was little changed against a basket of currencies ahead of a two-day meeting by the Federal Reserve that is to commence later in the day. The New Zealand dollar maintained positive momentum from yesterday, rising to its highest in a...
World stocks climbed and equity volatility neared a record low on Monday as investors focused on signs of strong economic growth ahead of a slew of central bank rate decisions, while the launch of bitcoin futures fed the market’s cryptocurrency obsession. European stocks drew strength from a positive Asian session...
Here are the latest developments in global markets: FOREX: The dollar was trading down relative to a basket of currencies but still not far below a three-week high of 94.09 reached on Friday. The antipodean currencies – predominantly the kiwi – were advancing relative to the greenback. The New Zealand dollar’s...
Last Friday’s US non-farm payrolls report was above average, but nothing special. 228,000 jobs were added in November, but the October report was revised lower by 17,000. The more predictable unemployment rate held steady at 4.1%. Average earnings rose by 0.2% and 2.5% on a month-on-month and year-on-year basis respectively, but both...
Bitcoin tumbled more than 12 percent in volatile Asian trading on Friday, dropping below the $15,000 level after touching a record high above $16,000 earlier in the session. Bitcoin was down 12.6 percent on the Bitstamp exchange at $14,500.76 as of 0530 GMT, after rising to a record $16,666.66. It was...
US markets showed signs of life once again on Thursday, moving higher and recovering after a couple of down sessions. The tech heavy Nasdaq led the charge northwards, with the likes of Facebook, Google parent Alphabet and Apple gaining between 1.4% - 2.4% each. FAANG’s back in favour Tech stocks have...