Fed

Amidst A Sea Of Red

The entire commodity complex is down today as the POSX has strengthened following yesterday's FOMC minutes. read more ...

Macro Briefing: 18 October 2018

US spy agencies see link of Saudi prince to Khashoggi’s disappearance: NY TimesTrump reluctant to abandon Riyadh over missing journalist: ReutersKhashoggi crisis widens rift for Trump and Congress on Saudi Arabia: BloombergUK looking for extension on transitioning out of EU: BBCUS Treasury declin ...

Panoramic Weekly: Markets, not Fed, go crazy

Global financial markets seemed to regain sanity over the past five trading days as they reverted to the typical negative correlation usually seen between stocks and bonds: investors snapped up traditionally safer government debt as concerns on the effect of rising rates over corporate profits moun ...

The Fed vs Trump – a tale from NY

In true October fashion, both equity and bond markets recently plunged. US President Trump quickly said the US Federal Reserve (Fed) is hiking rates too fast, hurting growth. The IMF quickly answered: the Fed’s hikes are legitimate. Who’s right?   (function(d, config) {var script = d.createEle ...

Thursday: Unemployment Claims, Philly Fed Mfg

Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 215 thousand initial claims, up from 214 thousand the previous week.• At 8:30 AM, the Philly Fed manufacturing survey for October. The consensus is for a reading of 20.3, down from 22 ...

FOMC Minutes: Further Gradual Increases "Would be appropriate"

From the Fed: Minutes of the Federal Open Market Committee, September 25-26, 2018: In their consideration of monetary policy at this meeting, participants generally judged that the economy was evolving about as anticipated, with real economic activity rising at a strong rate, labor market conditions ...

Gold steady ahead of Fed minutes, Treasury currency report

Gold has posted slight gains in the Wednesday session. In North American trade, the spot price for one ounce of gold is $1227.24, up 0.19% on the day. On the release front, construction indicators missed the forecasts. Building Permits ticked up to 1.24 million, shy of the estimate of 1.27 million. ...

GBP/USD – British pound dips on soft CPI

GBP/USD has lost ground in the Wednesday session, erasing the gains seen on Tuesday. In North American trade, the pair is trading at 1.3132, down 0.39% on the day. On the release front, British CPI dropped to 2.4%, shy of the estimate of 2.6%. In the U.S, construction indicators missed the forecas ...

USD/JPY – Japanese yen edges higher, investors await Fed minutes

The Japanese yen has posted slight gains in Wednesday trade. In the North American session, the pair is trading at 112.04, down 0.20% on the day. On the release front, construction indicators missed the estimates. Building Permits ticked up to 1.24 million, shy of the estimate of 1.27 million. Ho ...

Ahead of the FOMC Minutes

Both Comex digital metals are up this morning ahead of the 2:00 pm EDT release of the minutes to last month's FOMC. read more ...