Global Financial Market News

Global Financial Market News
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Greenback weakness The US payroll figure last Friday really put a thorn in the FOMC’s side. Most of the Fed members have been very hawkish in recent weeks, culminating with Janet’s commentary that the data is good and we expect to raise rates twice this year. That is now unlikely to happen, not even one […]

ECB

ECB
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Forex Market News From the editors at Bloomberg, comes this piece. A good read so I encourage you to do so. Audacity doesn’t come easily to the European Central Bank. Its president, Mario Draghi, finally announced a long-awaited program of quantitative easing today. The numbers were bigger than expected, which is good, but the details […]

Central banks at it again!

Central banks at it again!
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Forex Market News Another Central Bank surprise overnight. They are getting good at making market professionals like I look like fools. Not one person predicted the BOC to drop rates by a quarter basis point to 0.75%. The Loonie jumped 200 pips on the news and has added another 100 since. 2015 is starting to […]

The Draghi Protocol

The Draghi Protocol
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Forex Market News In what was a pretty quiet trading session thanks to the USA market holiday for MLK Jr oil still makes the headlines. This time it was Iraqi stockpiles that slapped the bulls back down, with price currently down another 2.4% at 47.52 (WTI). However, it is Draghi and the ECB that is […]

Holes in the floor like Swiss cheese

Holes in the floor like Swiss cheese
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Forex Market News Go Girl Power Before I get onto the muppets in Zurich let me briefly highlight the great result we had in Australia. The jobs data came out and the women ruled. They not only outpaced the men in fulltime jobs but in part time they added to the workforce whilst the men […]

Commodities and Bankers

Commodities and Bankers
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Forex Market News Oil Oil spent most of the day sideways, despite an increase in inventories (read even more supply). However in the last 2 hours both the WTI and Brent futures markets has jumped 4%. Not much to read into this other than bargain hunters hoping that the low 44’s are the lows in […]

2015 starts the same as 2014 finished

2015 starts the same as 2014 finished
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Forex Market News Hello dear readers, welcome to 2015. Much of what was happening to the end of last year still continues into this year and should continue for some time yet. I am talking the two major stories, being oil and greenbacks. OIL Both these stories are well known now but they are not […]

Market Report – Aunty Janet

Market Report – Aunty Janet
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Forex Market News FOMC Aunty Janet sees no “normalization” of rates. Just heard her say the Fed’s mandate is low jobs and price stability and that is what she is working on. To the Fed, the drop in oil is “transitory” and I would have to agree there. Some huge movements on the back of […]

Market Report – Still safe haven flows dominate

Market Report – Still safe haven flows dominate
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Forex Market News Oil Is still slippery as it falls further, below $61 now, down another 4% as I write. Base metals and soft commodities are falling again too, including milk. Safe Haven The bid for safe haven assets is still there, with the Yen appreciating and the Kiwi/Aussie carry trade holding them up, despite […]

A Greek Tragedy

A Greek Tragedy
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Forex Market News Safe haven flow continued overnight as Greek stock index got routed 13%! This was due to the Greek PM moving forward the election to Dec 17. An election he is unlikely to win. And the radical Syriza had vowed to roll back the unpopular budget cuts that were put in place to […]

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