Currency Market Updates

The Federal Reserve Posts No Surprises on Rates ……

The Federal Reserve Posts No Surprises on Rates ……
… but with a target Fed Funds Rate ( the rate at which The US major Banks are able to borrow overnight Dollars) already at a 0 – 0.25% level, further cuts are nigh on impossible. Attention therefore was firmly fixed on any mention of more innovative [...]

Bail me out…

Bail me out…
All eyes will be on the FOMC meeting today at 7.15pm this evening GMT. With the rate already at 0-0.25% the focus will not be on whether they will or won’t cut (no change is expected) but the wording of any statement releases. It is likely that the focus will shift to [...]

Suddenly Global Stock Markets have gone all bullish …..

Suddenly Global Stock Markets have gone all bullish …..
… with strong performances from Europe, Wall Street and Japan – all for differing reasons. The bounce in Financial stocks in London (led by Barclays – when was the last time we saw a Bank share leap nearly 75% in value on a single day?) saw Europe [...]

The Week-Long Chinese New Year Holiday….

The Week-Long Chinese New Year Holiday….
….plus today’s Australia Day Bank Holiday heralds a very thin Far Eastern market for the next 5 days. Besides China being off all week, there are holidays in Hongkong (next 3 days) plus Singapore, South Korea and Malaysia (2 days). Add this to the usual thinning of markets towards month [...]

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