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  • Editor’s Picks / Yesterday at 22:39 GMT

    Fed shows the market matters the most

    If there was any doubt about who's calling the shots in the ongoing love affair between the Federal Reserve and the market, deliberations from the most recent meeting helped clear things up. Jeff Cox writes that the central bank is showing some serious deference to the folks making the financial world move. Minutes from the FOMC's September session show officials worried both over events as they were unfolding in the world, and market reaction to them. Why is that such a big deal? Because Fed Chair Janet Yellen and her fellow FOMC members have indicated time and again that they will be "data dependent" when deciding the future path of monetary policy generally and interest rates in particular.
    Read article on CNBC
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  • Article / Yesterday at 22:14 GMT

    US Market Wrap: Few clues found in FOMC minutes

    FX Consultant / IFXA Ltd
    US Market Wrap: Few clues found in FOMC minutes
    FX markets were lively but ended the day still looking for direction as the FOMC minutes proved inconclusive. Meanwhile, the Bank of England delivered as expected, which meant the GBPUSD did nothing, while EURUSD headed higher into the FOMC minutes before retracing to the pre-release levels.
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  • 5h
    Stephen Pope Stephen Pope
    Hello John,
    FOMC minutes Sep 16th -17th indicated a cautious stance even ahead of the September employment data.

    Yellen & co thought the economy...
    Stephen Pope Stephen Pope
    John...lets continue as the first reply ran out of characters.

    The level of the USD on the world stage is driven by expectations; when the US has a...
    Stephen Pope Stephen Pope
    Hello Hani,
    I had considered mentioning Russia in Syria in the title of this note...but felt it best not to.

    Of course Russia's military involvement in Syria has...
  • Editor’s Picks / Yesterday at 13:02 GMT

    US jobless claims fall to near 42-year low

    The number of Americans filing new applications for jobless benefits fell more than expected to a near 42-year low last week, pointing to ongoing tightening in the labor market despite the recent slowdown in hiring, Reuters reports.The data released on Thursday provides a more upbeat check on the health of the labour market after last week's monthly employment report increased doubts the Federal Reserve would raise interest rates by the end of this year. Hitting such a historical low is remarkable considering the US workforce has grown considerably since the 1970s.
    Read article on Reuters
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  • Article / Yesterday at 12:01 GMT

    China back from holiday just as Germany slips

    Director / Accumen Management
    United Kingdom
    China back from holiday just as Germany slips
    Which China bounced back into business today by adding a zippy 3% to the Shanghai Composite index, things are quieter elsewhere as markets await tonight's release of Fed minutes. But anyone who expects any great revelations will surely be disappointed.
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    buelte buelte
    save travels - and whether it's going to be a Prêt à Manger or VW's diesel-gate, the so called Lehman moment won't be where we are looking,...
  • Editor’s Picks / Yesterday at 11:37 GMT

    Bank of England holds tight as inflation wanes

    The Bank of England kept interest rates on hold today, stating that the UK economy is enduring "international pressures" that have weakened the near-term outlook for inflation since August. According to the bank's monetary policy committee, price growth now appears "likely to remain below 1% until spring 2016", leading to the group voting 8-1 to keep the benchmark rate at its current level of 0.5%. According to Bloomberg, the committee remain somewhat divided on whether to emphasise domestic or international factors, a discussion that will receive a fuller analysis at the bank's November meeting. The GBP fell slightly on the news and now trades at 1.5310 to the USD:
    Read article on Bloomberg
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