What is a Federal Reserve hike? That’s a tough question to answer than it may seem. The Fed aims for a range on the Fed Funds from 0% to 0.25% rather than a specific target like it has had historically. … Continue reading
What looked like a positive move in oil today has turned negative. The failure of WTI to push through the $59 level has seen it reverse quickly. Intraday there are encouraging signs that a bottom is trying to be put … Continue reading
Will communicate as clearly as possible on policy Banks need to be prepared for rate shock Just in case you didn’t get enough of her hypnotic tones yesterday, her she is at the financial stability oversight council meeting (please don’t … Continue reading
There are some tests at key technical levels AUDUSD. The correction off the highs fell below the 50% the 200 bar MA (green line), but that break is failing. The corrective bottom could be in place. Risk defined against the … Continue reading
The US has nearly doubled oil production to 9.3 million barrels in the past 4 years and will soon be the second largest producer after Saudi Arabia. OPEC is attempting the break the US shale industry in a war for … Continue reading
FTSE +1.9% Cac +3.2% Dax +2.6% Ibex +3.1% FTSE Mib +2.7% Athens +1.5% European bonds Italy 1.96% flat Spain 1.74% -3bp Portugal 2.78% -8bp Germany 0.612% +2bp Greece 8.60% -15bp Decent gains all round and markets seem to have taken … Continue reading
The GBPUSD tested the lows for the year and month in the move lower yesterday and held that key level The surprise retail sales report today, pushed the pair back higher. However, the pair found sellers against the 100 … Continue reading
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