FOMC policy meeting is not expected to make waves
The focus is on monetary policy over the next two days, with the FOMC meeting set to commence today, cumulating in the press conference tomorrow, which should create fewer waves …
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Some nerves emerging
The complacency that has crept into most asset markets over recent weeks was showing some signs of abating last week. The VIX measure of equity volatility moved further away from …
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Oil Rallies to Yearly Highs on Iraq Concerns
A sour start to the day that was brought on by the World Bank downgrading global growth was further exacerbated by geopolitical concerns in Iraq after an offshoot al-Qaeda group …
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Will the kiwi fly?
After the initial resilience seen on the day of the policy moves last week, the euro has been weakening over the subsequent trading sessions, down from 1.3660 at the start …
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Calm before the storm?
Despite the lack of headline volatility in FX (and elsewhere), there are still some underlying trends that were evident in the overnight trading session. The Aussie is the first stand-out, …
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Weak FX reaction to last week’s headlines
Last week was meant to provide some answers for FX markets, which was the case for the ECB and less so for the US labour market data, with Friday’s payrolls …
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Euro rebounds after Draghi’s policy shift
The much anticipated ECB meeting saw Draghi deliver pretty much what was expected in terms of rate cuts and easing measures. Â Having been as much as one big figure lower, …
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Have we priced too much?
The irony of today that so much has been written about the impending ECB meeting, despite the fact that ECB officials have pretty much told us what will happen. The …
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The Aussie remains on hold
The overnight session has seen some short covering on the Aussie after the latest interest rate decision. Naturally, there was no surprise with the fact that rates were kept on …
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