As widely expected the FOMC raised the upper bound interest rate to 1.5%, the Fed’s committee also confirmed that it would begin to reduce it’s massive $4.5 trillion balance sheet, by $20b a month, beginning in February 2018. The FOMC also committed to repeat the exercise witnessed in 2017; raising interest rates three times in […]
Equities showed some volatility surrounding the decision, but closed nearly unchanged. US Treasuries were down ahead of the decision and some curve plays occurred, according to the twist script, which led to an outperformance of the long end and a bear flattening in the 5 to-30-year segments. EUR/USD fell first lower, then spiked higher, before
Deciphering Fed Speak Read More »
Equities are trading up after increased import and export figures from Japan supported gains. The G-20 summit endorsed policies related to the Spanish Banks as the yields of the 10-year bond has increased above 7 percent hitting a record high for the EU at 7.13%. Spain is also scheduled for a bond auction tomorrow and
Gold before the FOMC Read More »
After the main event of the week, the FOMC meeting on Wednesday, gold futures ended down only $1.5 or -0.09 percent. Mid day gold fell $15 to $1,625 after the FOMC policy statement was released, and then swiftly rebounded to $1,650 and settled at $1,642.3. Gold futures rose $18 to 1,660.5 on Thursday but fell
Gold Bounces On The FOMC Read More »
The main event this week—the Federal Open Market Committee meeting/Ben Bernanke press conference—concluded today. Markets and investors, news casters and financial analysts had built this into the meeting of all meeting, market expectation were high, markets for weeks have been searching for and positioning themselves for more monetary easing. They were sure that the Fed
The Main Event This Week Was A Dud Read More »
Markets and investors have been totally distracted this week by the upcoming FOMC meetings and the BoJ rate decision and political problems in Europe that we have not focused on hard core economic data. This week has a lot in store outside of those main events. Especially at the end of the week with US
What’s In Store For The US For The Rest Of The Week Read More »
Just a year or so ago, when brokers and economists were pointing that we might be facing $100.00 oil prices, everyone shook their heads and laughed. Sure oil surged up to hit $100.00 now and then but quickly fell again. With the world in recession, demand falling, consumer spending down, manufacturing collapsing, if supply and
Crude Oil And Speculators Hamper Economic Recovery Read More »
Gold futures are likely to edge higher this week in low volume trade, helped by a weaker dollar overseas, though prices could be weighed by poor demand as jewelers’ continue their protest against levies. A director at Commtrendz Research commented: [quote]Improvement in the US economy will drive risk appetite[/quote] The most-active gold for June delivery on the Multi
Gold Sitting On The Sidelines Ahead Of FOMC Read More »
