Another day, another debate about the effect central bank balance sheets will ultimately have on Treasury yields. Last week we highlighted a pretty interesting piece from Bloomberg’s Cameron Crise who tested the extent to which Fed/ECB/BoJ balance sheets influence 10Y yields. Simply put,
May 3, 2017
European, Asian stocks and S&P futures all fall as investors digested poor overnight news on Apple earnings and U.S. car sales, while the dollar rose in muted trading as investors contemplated chances of another rate hike next month ahead of
– ISM Non-Manufacturing Survey to Rebound to 55.8 in April.. – Employment Component Slipped to 51.6 in March- Lowest Since August 2016. Trading the News: U.S. ISM Non-Manufacturing Survey Even though the Federal Open Market Committee’s (FOMC) looming interest rate decision takes center
The global capital markets are relatively calm. Japan, South Korea, and Hong Kong markets are closed for national holidays. Investors await the FOMC statement, though expectations could not be much lower. The disappointing US auto sales, and poor Apple sales figures reported
The Federal Reserve is widely expected to keep interest rates unchanged at the end of its two-day policy meeting today, but investors will look to see whether the central bank downplays the recent soft patch in the economy to leave
Previous: Trading on the Euro/dollar pair closed up on Tuesday at 1.0932. A bare economic calendar in the US allowed the Euro to recover some of its losses and renew the session maximum owing to a drop in US bond
Share markets in India are presently trading flat. Sectoral indices are trading on a mixed note with stocks in the realty sector and IT sector witnessing maximum buying interest. FMCG sector is trading in the red. The BSE Sensex is trading down 2 points (down 0.01%) and the NSE Nifty is
AT40 = 58.3% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 61.1% of stocks are trading above their respective 200DMAsVIX = 10.6 (volatility index)Short-term Trading Call: bullish Commentary At the end of April, I noted how the stock market headed
The GBP was negatively affected by yesterday’s transactions despite a strong improvement in the British Manufacturing Sector. The GBP/USD retreated towards the support at 1.2865 before settling back at 1.2900 until reaching towards 1.2947 and settling again at 1900 at
On Tuesday, oil closed lower as Libya has started to increase its production output. OPEC reducing output has been doing well, but not enough to counter the global oil glut. U.S. crude output continues to increase as refiners are raising
