Markets Turn Classic Risk-Off and a Dovish Dudley
Markets Turn Classic Risk Off: Risk-Off sentiment returned to the US Dollar overnight, causing the USDX to snap sharply higher. USDX Daily: Following the giant squeeze up in EUR/USD that we’ve seen...
View ArticleThe Data Front and Jackson Hole
The Data Front: I remember that we were panicking about something to start the week? Something about a Black Monday? Oh well never mind, looks like we’re all good now with US equity markets bouncing...
View ArticleJackson Hole Recap
The consensus out of the Jackson Hole Economic Symposium seems to be that central banks need to take a step back and view last week’s market turmoil from the bigger picture. Yes markets experienced a...
View ArticleSeptember Slipping and a Look at the DAX
RBA on Hold: As economists and traders had widely expected, the Reserve Bank of Australia yesterday left the official cash rate unchanged at 2.00%. This was the fourth consecutive meeting that Stevens...
View ArticleNotorious ADP Miss into VJ Day
Notorious: In the lead up to tomorrow’s all important NFP number, last night saw the ADP Non-Farm Employment Change come in below expectation at 190K v the 204K expected. The July revision was also to...
View ArticleSuper Mario Draghi and NFP Friday
Super Mario Draghi: With China still on holidays in observance of Victory over Japan Day, we’re expecting a quiet Asian session in the lead up to Non-Farm Payrolls later tonight. Yesterday it was...
View ArticleNFP Complicates but the RBNZ Path is Clear
NFP Complicates: Friday’s August US jobs report didn’t help clear the murky trading waters heading into the Fed’s September meeting, with a slight miss potentially complicating the decision. “USD...
View ArticleRBNZ Interest Rate Decision Preview
With ALL surveyed economists expecting the official cash rate out of New Zealand to be cut at Thursday’s meeting, we take a look at where price currently sits, compare it to what happened last time a...
View ArticleCentral Banks Galore
A busy day/night for central bank meetings with the Bank of Canada tonight, into the Reserve Bank of New Zealand tomorrow morning. Throw in some Australian RBA board members speaking and the general...
View ArticleLooking Forward, Looking Back
Looking Back: Asian markets woke up to news that as expected, the Reserve Bank of New Zealand has cut its official cash rate by 0.25% to 2.75%. With the cut widely expected and therefore largely priced...
View ArticleCable's Reaction to the BoE
Overnight the Bank of England voted 1-0-8 (increase-decrease-hold) as expected and kept interest rates on hold at 0.5%. Taking a wait and see approach was the preferred option as the bank lowered its...
View ArticleWhen September Comes and the Japanese Juggles
When September Comes: The epic Janet Yellen cartoon from Bidness Etc welcomes you to September FOMC week! Yes, it’s finally here. Recent market turmoil has meant that markets are now only pricing in a...
View ArticleDo the AUD ‘Turnbull Bounce'
Do the AUD Turnbull Bounce: So just like that, Australia has new Prime Minister! Welcome ex Goldman Sachs executive director, Malcolm Turnbull. Whether you agree that it is right for backroom politics...
View ArticleJanet Yellen: A Face you can Trust
A Face you can Trust: As the Federal Reserve prepares to raise interest rates for the first time since 2006, I cant help but laugh at the multitude of faces that Fed Chair Janet Yellen gives the media....
View ArticleThe Fed's Inflation Complication
With all eyes on tonight’s FOMC decision as to whether the Fed will in fact hike rates and change any monetary policy projections, this morning’s daily market update will be a short one just looking at...
View ArticleFed Goes Cold, on Hold
In a widely expected move, the US Federal Reserve left its benchmark interest rate unchanged overnight, forgoing the opportunity to make its first increase in more than 9 years. Instead the Fed decided...
View ArticleA Victory of the People while Uncertainty Trumps Cheap Money
A Victory of the People: Alexis Tsipras’ left-wing Syriza party has cruised into government at elections held this weekend in Greece. After polling suggested a tight race in which Tsipras was no...
View ArticleFed Speaker Fever
THE NEW VANTAGE FX WEBSITE IS LIVE!: Check out the clean, re-designed Vantage FX website which features a streamlined sub-page design to get the facts fast. Open an account with Vantage FX and...
View ArticleVolkswagen Vexation and the Euro in Play
Volkswagen Vexation: The major story with market implications overnight has come out of Germany, with Auto conglomerate Volkswagen revealing that 11 million of its diesel cars worldwide are equipped...
View ArticleDraghi and ‘de DAX'
Draghi: Overnight saw ECB President Mario Draghi speaking on monetary policy before the European Parliament’s Economic and Monetary Committee in Brussels. Going by Mr Draghi’s high personal...
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