ECB taper rumor rattles markets
Oct 05, 2016 08:39 am UTC| Commentary Economy Central Banks
Yesterday the Eurozone bond market and the bullion got rattled big time on the rumor that the European Central Bank (ECB) might be considering a taper after the bond buying program gets concluded in March. After all, the...
IMF warns on US GDP growth citing election uncertainty
Oct 05, 2016 07:37 am UTC| Commentary Economy
International Monetary Fund (IMF) warned yesterday that the political risks have emerged as the biggest risks to growth while it lowered growth forecast for the UK and the United States. According to the IMF, political...
FxWirePro: The Day Ahead- 5th October, 2016
Oct 05, 2016 04:56 am UTC| Commentary Economy
Lots of economic dockets scheduled for today but all with low to medium risks associated. Data released so far: New Zealand: ANZ commodity prices grew 5.1 percent in September. Japan: Markit services PMI...

Chart of the Day: USD liquidity squeeze
Oct 04, 2016 14:56 pm UTC| Commentary Economy
This chart, shared by soberlook.com shows a squeeze in the dollar liquidity at the end of the third quarter. Interest rate jumped 135 basis points to 1.90 percent. The new regulations on the money market funds have been...

Risk of a run on Deutsche Bank stock is real – even if its financials look fine
Oct 04, 2016 13:58 pm UTC| Insights & Views Economy
Deutsche Banks share price plummeted following a US$14 billion demand from the US Department of Justice for mis-selling mortgage-backed securities. On the surface its a hefty fine and Deutsche is challenging it but it...

Fears of ‘hard Brexit' spook markets, pound weakness continues despite strong UK data
Oct 04, 2016 12:21 pm UTC| Insights & Views Economy
UK Prime Minister Theresa Mays announcement to invoke article 50 by March 2017 at the latest, thus starting official exit negotiations has put considerable pressure on the Sterling. Markets are seeing an increased...

Oct 04, 2016 11:46 am UTC| Economy Insights & Views
USD/NOK is a better short for higher oil prices than USD/CAD: Better growth and the possibility of monetary policy divergence... The Canadian economy is struggling in the aftermath of the shale-oil booms end. The...