The Federal Reserve in the coming week is expected to end its quantitative easing program—the much-anticipated action that’s been at the very heart of the market’s fears. After a two-day meeting, the Fed Wednesday is expected to announce the completion of its bond purchases, based on improvements…
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Scariest day for market looms, and it’s not Halloween
The results of stress tests conducted by the ECB and the EBA are positive for the Euro and should help the singly currency stabilize from the current levels but rallies are likely to be limited, says Australia and New Zealand Banking Group (ANZ). The following are a summary of the key points in ANZ…
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Results Of Bank Tests Euro Positive – ANZ
Unless it springs a major surprise, the U.S. Federal Reserve will call time this week on its program of government bond purchases, which at one point was pumping $85 billion a month into financial markets and the economy. James Bullard, who heads the St. Louis Fed, has suggested that sticking w…
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Federal Reserve to take away the punch bowl
Twenty-five banks including Italy’s Banca Monte dei Paschi di Siena SpA and Greece’s Eurobank Ergasias SA (EUROB) failed a stress test led by the European Central Bank, which found a total capital shortfall of as much as 25 billion euros ($32 billion). Of the institutions that didn’t pass the ass…
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ECB Finds $32 Billion Gap as Paschi to Eurobank Fail Stress Test
The European Banking Authority (EBA) has today published the results of its EU-wide stress test. The 2014 UK stress testing exercise will build on the EU-wide stress test by exploring particular vulnerabilities facing the UK banking system. As previously announced, the Bank of England will publish…
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Bank of England statement on EBA stress test publication
VIDEO
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Webcast of the ECB press conference on the Results of the Comprehensive Assessment
The European Central Bank (ECB) has today published the results of a thorough year-long examination of the resilience and positions of the 130 largest banks in the euro area as of 31 December 2013. “This unique and rigorous exercise is a major milestone in the preparation for the Single Superviso…
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ECB’s in-depth review shows banks need to take further action
The European Banking Authority (EBA) published today the results of the 2014 EU-wide stress test of 123 banks. The aim of the stress test is to assess the resilience of EU banks to adverse economic developments, so as to understand remaining vulnerabilities, complete the repair of the EU banking…
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EBA publishes 2014 EU-wide stress test results
The European Banking Authority (EBA) published today the results of the 2014 EU-wide stress test of 123 banks. The aim of the stress test is to assess the resilience of EU banks to adverse economic developments, so as to understand remaining vulnerabilities, complete the repair of the EU banking…
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EBA publishes 2014 EU-wide stress test results
EUR/USD had an interesting week, amid speculation about central bank action on both sides of the Atlantic. A very busy week awaits us: the stress test results, Germany’s IFO survey and the all important inflation figures are set to dominate. Here is an outlook on the highlights of this week and an…
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EUR/USD Forecast Oct. 27-31
In a light week of US fundamental factors, the USD was mixed. We also had some better than expected data in the Eurozone, but they were nothing to write home about. The EUR was still pressured. This week will likely shake up the USD with several data points and most importantly the FOMC decision and…
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Key Fundamental Factors this Week (10/27-10/31)
The US dollar gained on most of the major foreign currencies last week, but the overall tone, leaving aside the yen, was largely consolidative in nature. The greenback was soft in the first half of the week but recovered in the second half. The Australian and Canadian dollars were the only maj…
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The Dollar: More of the Same
We expect October Eurozone ‘flash’ inflation to come out at 0.4% YoY on Friday, with 0.5% YoY not ruled out. This very modest increase following September’s record-low print (0.3% YoY) would mainly come from the food sub-component, which has been recovering gradually since June mostly for base…
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Europe Week Ahead: EZ Inflation Prints, German IFO, Spanish GDP
Twenty-five lenders in the European Central Bank’s euro-area bank health check are poised to fail the regulator’s Comprehensive Assessment, according to a draft communique of the final results seen by Bloomberg News. One-hundred-and-five banks are shown passing the review, according to the draft …
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25 Lenders Said Poised to Fail ECB’s Health-Check
Pending sales of existing homes likely bounced back in September after falling in the previous month. We expected pending home sales to rise 0.5% in September. In August, sales fell 1.0% but the overall report was relatively upbeat, noting improved fundamentals and future growth. Improved housing…
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US Week Ahead: FOMC, GDP, Durable Goods, PCE, ECI, Cons Conf, UMich Sent, Housing
Currencies were mixed in the past week, with the greenback gaining against the euro and the yen, while sliding against the the Aussie and the loonie. The Fed decision is the highlight of the week, alongside Yellen’s speech, GDP in the US and Canada and two additional rate decision. These are a few…
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Forex Weekly Outlook October 27-31
Canada’s TMX Group has just announced some changes to how it intends to operate its stock exchanges, and you should be aware of these changes whether or not you trade in Canada. The fact is, Global markets are connected, national regulatory structures are unique and disparate, and capital flows to…
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The Canadian Cherry-picking “Anti-HFT” Payment for Order Flow Kaleidoscope
Succinct Summations week ending October 24th Positives: 1. S&P 500 rose ~ 4% for the week — amazingly is now down less than 1% for the month. 2. Initial jobless claims came in slightly higher than expected but the 4-week moving average fell to the lowest levels since 2000. 3. Mor…
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Succinct Summations of Weeks Events 10.24.14
Japan’s trade deficit increased despite a positive growth in exports that could not overcome the rise in imports. A weaker currency gave exporters a boost but also made imports more expensive. Even with lower energy prices the growth in imports increased the deficit. The USD/JPY broke through the…
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USD/JPY Back to Fundamentals
