Outlook

Gold Investment “Compelling” As Fed May “Kill The Business Cycle”

Gold Investment “Compelling” As Fed Likely To Create Next Recession – Is the Fed about to kill the business cycle? – 16 out of 19 rate-hike cycles in past 100 years ended in recession – Total global debt at all time high – see chart – Global debt is 327% of world GDP – ticking time ...

Is it time for the Bank of England to target nominal GDP?

In December 2012, the then Governor of the Bank of Canada, Mark Carney, gave a speech entitled “Guidance” to the CFA Society of Toronto. Less than two weeks earlier, the UK Chancellor of the Exchequer, George Osborne, had announced that Carney would be the 120th Governor of the Bank of England ...

Precious Metals and Commodities Weekly (Video)

Our weekly walk through of precious metals, energy and soft commodities using a combination of commentary and technical analysis. This week we assess the markets post the overnight FOMC which was surprisingly upbeat, causing a U.S. dollar rally. We will also see why the rain in Argentina is causin ...

Ringgit a touch weaker but not ruffled post FOMC

By Bernama – September 21, 2017 @ 9:50am KUALA LUMPUR: The ringgit opened lower against the US dollar today as the greenback advanced after the US Federal Reserve System (Fed) left its interest rate unchanged at its meeting yesterday. At 9am, the local unit was quoted at 4.1965/2005 against ...

U.S Dollar Hanging Tough For Now

September 21: Five things the markets are talking about The Fed’s decision to leave the benchmark interest rate unchanged was entirely anticipated yesterday, but their ‘hawkish’ forecast for where rates will be at the end of the year caught some of the market by surprise. As expected, the Fe ...

Investors Remain Unconvinced By Fed Projections

USD and Indices Pare Post-Fed Gains US futures are marginally lower and the dollar is paring gains ahead of the open on Wall Street, as we see some early profit taking after the Fed unexpectedly maintained its hawkish outlook for interest rates on Wednesday. Subdued inflation, recent Fed commentary ...

Feds Hawkish Dots Surprise

Feds Hawkish Dots Surprise   The Fed(dots) surprised on the hawkish side, paving the road for a broad USD rally as the FX markets activity roared back to life with volumes surged. US 10y yields rose 6bps towards 2.29%, while equities and gold all took a dip lower. The markets jumped to attention w ...

Objects in the mirror may be closer than they appear

A few weeks ago I watched Logan, Marvel’s final installment in the Wolverine franchise. When Wolverine saves several horses from oncoming traffic on the highway, the scene is striking—not because of Wolverine’s heroics, but because the trucks look weird. At first, I couldn’t put my finger o ...

USD/CAD Canadian Dollar Lower After Fed Statement

Fed members forecast one more US rate hike The Canadian dollar is lower against its US counterpart on Wednesday. The U.S. Federal Reserve published its updated economic projections and as expected kept the interest rate unchanged at 100-125 basis points. Also keeping with market forecasts the US ce ...

USD Rallies as Fed Holds Firm on Rate Hikes

The US dollar made a comeback on Wednesday after the Fed stood by its previous belief that interest rates will rise once more this year. Markets have been increasingly pricing this out in recent months with inflation data, Fed commentary and the recent economic impact of hurricanes among the reason ...