Euro Dollar Currency
The dollar was mostly in the red against its major counterparts during the Asian session after the FOMC meeting minutes released on Wednesday indicated that Fed policymakers had doubts on the inflation path. In contrast, the euro was on track to post gains for the fifth straight day as Catalonia’s questioned status of independence is...
Canadian Dollar
The Canadian dollar appreciated after the release of the Federal Open Market Committee (FOMC) September meeting minutes. The U.S. Federal Reserve announced the details of its balance sheet reduction plans at the September meeting and voted unanimously to keep rates unchanged but the big question mark remained on the...
US Dollar Currency
Nikkei (+0.35%) and Topix (+0.20%) consolidated gains in Tokyo, as Korea’s Kospi index closed on record high for the second consecutive day. European markets opened flat. FTSE 100 traded lower in London, as many stocks traded ex-dividend including HSBC and Tesco. The DAX and the CAC may be under the pressure...
Janet Yellen - Federal Reserve
When the Federal Reserve met on 19-20 September, it announced the start of winding down the $4.5billion balance sheet and maintained plans for a third-rate hike in 2017. The statement reflected confidence in the economic activity particularly the pickup in household spending and growth in business investments.  Despite the...
Federal Reserve
It was another day of records yesterday with global stock markets continuing to make new multi-year highs with the Japanese Nikkei 225 hitting its highest close since 1996. US markets once again continued their almost weekly ritual of making new record highs, this time in the wake of last nights Fed minutes...
Oil Commodity
OPEC comments unleash pent-up demand in oil overnight with WTI the main beneficiary. Crude oil prices shot higher overnight with WTI gaining a spectacular 2.80% and Brent a more modest but still respectable 1.55%. The gains left WTI comfortably above $50.00 a barrel closing at 50.80 in New York while Brent...
Stocks Up
A strong sense of relief was felt across financial markets on Tuesday evening, after Catalan leaders signed a “symbolic” declaration of independence but immediately suspended its formal approval and called for talks with Madrid. Although President Carles Puigdemont’s remarks disappointed many of his ardent supporters, who were hoping for a...
US Dollar Currency
The Asian session was relatively quiet on Wednesday as economic releases were limited. Following a stressful day in Spain, where Catalonia’s independence was put on hold, the euro remained strong above the 1.18-key level overnight, while the dollar was under pressure against its peers amid escalating geopolitical risks and fears of tax overhaul...
Euro Currency
Talking Points Investors have shown a positive reaction to the Catalonian leaders’ action Catalonian situation isn’t going away, it is only delayed The bitcoin price broke the $4900 mark yesterday Today's FOMC minutes would provide us more detail about the Fed's stance towards its monetary policy European markets and US futures...
Federal Reserve
European traders took over a strong market from Asia. Japan’s Nikkei 225 traded at the highest level since 1996, as Korea’s Kospi closed at a record high. The IBEX 35 (+1.15%) opened upbeat after Catalans took a step back from their unilateral independence rhetoric and seem open to discussion with...