Category Archives: Forex

1NO RUSH TO HIKE …

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5 Takeaways From The Fed September Meeting

The FOMC statement was little changed from July. It reiterated that there was “significant” slack in the labor market, despite continued improvement. It repeated that rates would likely remain low for a “considerable” time after the end of QE. It also again indicated that even after the Fed’s…

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Yellen Speaks Softly, Market Overreacts

The Federal Reserve said the economy is expanding at a moderate pace and inflation is below its goal while maintaining a commitment to keep interest rates near zero for a “considerable time” after asset purchases are completed. “Labor market conditions improved somewhat further” while “significan…

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Fed Keeps ‘Considerable Time’ Pledge as Growth Is ‘Moderate’

The charts show actual values and projections for three economic variables, based on FOMC participants’ individual assessments of appropriate monetary policy:  Change in Real Gross Domestic Product (GDP)—as measured from the fourth quarter of the previous year to the fourth quarter o…

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Fed: Economic Projections of Federal Reserve Board Members and Federal Reserve Bank Presidents, September 2014

During its recent meetings, the Federal Open Market Committee (FOMC) discussed ways to normalize the stance of monetary policy and the Federal Reserve’s securities holdings. The discussions were part of prudent planning and do not imply that normalization will necessarily begin soon. The Committee…

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Fed: Policy Normalization Principles and Plans

Opinion polls remain inconclusive as to whether Scotland will decide to secede tomorrow, as the final hours tick by before a referendum. Still, an analysis of Twitter messages by academics at Oxford University has shed a little more light, suggesting that the momentum is with those who favor…

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Twitter Suggests Scotland Is Going Solo

Two weeks ago, Charles-Henri Sabet, a 52-year-old former Swiss backgammon champion and longtime foreign exchange trader, took over as executive chairman of the London Capital Group, an online trading services firm that has struggled in recent years. He quickly turned to hiring senior executives. …

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Ex-Currency Trader Braves Tumultuous Market

The next 48 hours could provide some potentially explosive events for this pair. First up, we get the FOMC meeting later today (check out our preview HERE) then we get the Scottish referendum result, which we are expecting at approx. 0700 BST on Friday morning. Is a sterling crisis waiting in the…

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GBPUSD: can the recovery continue?

Wellesley College economist Karl Case wrote a lovely, albeit lengthy, poem about the housing bubble to his long-time research partner and Nobel Prize winner, Robert Shiller. The poem was presented at a conference honoring Shiller at Yale University. In the past, Shiller and Case worked togethe…

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Economist Karl Case Composed A Lovely Poem About The Housing Bubble For Robert Shiller

U.S. crude stocks rose more than twice as much as expected last week as refineries cut output and imports jumped, while gasoline stocks decreased and distillate inventories rose, data from the Energy Information Administration showed on Wednesday. Crude inventories rose by 3.7 million barrels in …

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U.S. crude stocks rose as refineries cut output – EIA

Yesterday’s exuberant equity market reaction has been largely defined by the mainstream media as driven by WSJ Hilsenrath’s ‘confirmation’ that Yellen will keep the uber-dovish phrase “considerable time” in the FOMC statement today. So, we wonder, why did the Fed-whisperer, after markets had closed…

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Hilsenrath Backs Away From His "Considerable Time" Prediction

BREAKING

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ECB source: QE ‘feasible’, but ‘not necessary’ at this stage

Confidence among U.S. homebuilders rose in September to a nine-year high, showing the industry is gaining ground and will be a source of momentum for the economy. The National Association of Home Builders/Wells Fargo sentiment measure climbed to 59, exceeding the highest estimate in a Bloomberg s…

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Homebuilder Confidence in U.S. Increases to a Nine-Year High

Significantly slower food price inflation could have helped boost retail sales volumes in August. Market expectations suggest total sales volumes rose 0.4% between July and August, which would be up from just 0.1% a month before. On a year-on-year basis, total sales should increase 4%, compared with…

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UK retail sales to keep pace in August

The following are the expectations for today’s FOMC meeting as provided by the economists at 15 major banks. Credit Suisse: The softer-than-expected August payrolls print lessened any immediate pressure on the FOMC to make dramatic changes to today’s policy statement. But we still may see a haw…

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What To Expect From FOMC? – Views From 15 Major Banks

The cost of living in the U.S. unexpectedly dropped in August for the first time in more than a year, showing inflation still is falling short of the Federal Reserve’s goal as policy makers meet. The consumer-price index declined 0.2 percent, the first decrease since April 2013, a Labor Departme…

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Consumer Prices in U.S. Decrease for First Time in Over a Year

The U.S. current-account deficit—a net measure of transactions between the United States and the rest of the world in goods, services, primary income (investment income and compensation), and secondary income (current transfers)—decreased to $98.5 billion (preliminary) in the second quarter of 20…

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U.S. International Transactions: 2nd Quarter 2014

The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.2 percent in August on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.7 percent before seasonal adjustment. The seasonally adjusted…

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US Consumer Price Index – August 2014

In the campaign ahead of the Scottish independence referendum every share, comment and like counts – and according to Facebook, the Yes campaign has the edge. The social networking site revealed new figures today detailing more than 10 million interactions surrounding the referendum in…

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Yes Campaign takes lead in Scottish referendum – on Facebook

As we approach the FOMC statement and subsequent press conference, the USD has been slowly fading its recent strength. We saw this in USD-crosses such as the EUR/USD, and we are also seeing this commodities priced in the USD, such as gold (XAU/USD) and silver (XAU/USD). Let’s look at their…

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Gold and Silver Flagging Ahead of the FOMC Event Risk