Market Review

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Market Preview – Durable Goods and US Growth

Traders can expect a quiet week news-wise, with North America providing almost all of the important scheduled releases. Bank holidays begin on Tuesday with Japan, followed by Germany on Christmas Eve (Wednesday) and then most major Western banks closed on … Continue reading →

Market Preview – Bank of Japan Press Conference

A little later today the Bank of Japan is expected to release its Monetary Policy Statement, followed by a Press Conference with BoJ Governor Kuroda. The releases are tentative, which means they can occur at any time – so traders … Continue reading →

Forex Market Review – FOMC Changes Policy Statement

The FOMC proceeded with removing the phrase ‘a considerable time’ in its Wednesday meeting, replacing it with a less time dependent ‘the Committee judges that it can be patient in beginning to normalize the stance of monetary policy’. The market … Continue reading →

Market Preview – FOMC Statement and Press Conference

It has been two months since the last FOMC statement, and the US dollar strength that followed has been a roller-coaster ride for traders – causing dramatic falls in commodities and commodity exporter currencies such as the Ruble and Australian … Continue reading →

Forex Market Review – Russian Currency in Crisis

Russia and the Ruble are firmly in crisis mode, after a laconic 100 basis point increase in the CBR’s interest rate failed to satisfy market participants. Since the central bank meeting, the Ruble has plummeted by over 20% against the … Continue reading →

Market Preview – Bank of England

  There will be a strong focus on the UK and the Pound today as there are three successive news events scheduled which could cause a strong reaction in GBP based pairs. The Bank of England’s Bank Stress Tests and … Continue reading →

Forex Market Review – Abe Wins Election in Landslide

Sunday’s Japanese election resulted in an as expected win for the incumbent Prime Minister Shinzo Abe and his LDP party. The LDP won 325 seats of a possible 475 in the lower house, securing a strong majority and ensuring that … Continue reading →

Market Preview – Chinese Industrial Production

Chinese industrial production will be released today at 07:30 server time, with the year on year figure expected to come in at 7.6% – down from the previous months 7.7%. Chinese data has been showing signs of weakness recently, even … Continue reading →

Market Review – T-LTRO Allotment Matches Expectations

The market was un-phased overnight when the uptake of the second round of T-LTRO’s was announced by the ECB. Analysts had cut forecasts down to 130 billion this week from 150 billion, and the estimate turned out to be precise … Continue reading →

Market Preview – ECB T-LTRO Announcement

Tonight’s Targeted Long Term Refinancing Operation, or T-LTRO, by the ECB is likely to be a pivotal data point for traders over the next 6 weeks, as it is likely to determine whether the ECB is forced to come up … Continue reading →

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