Gold, Oil and Stocks As The Fed Goes To Bed - April 28, 2016 1:17

In an unsurprising announcement, the Federal Reserve left interest rates unchanged on Wednesday. In a statement they succumbed once again to the fact that the economy has slowed, yet at the same time, left open the door for a hike in June. There seems no hurry to tighten monetary policy at the Fed, but they […]

Forex Report For The Coming Week - July 14, 2014 9:39

The Pound remains close to a six-year high against the US Dollar despite softening slightly at the end of last week as a result of the release of weaker-than-expected construction data. The data showed that construction output dropped by 1.1% in May, the largest drop seen since February. Further losses were restrained as the data […]

GBP Advances On Weekend House Price Report - April 28, 2014 10:13

The Pound advanced against the Euro and US Dollar after a report released over the weekend showed that UK house prices increased for a 15th consecutive month in April suggesting that momentum in the UK property market has spread beyond the confines of London. With a lack of key data due for today Sterling is […]

Interest Rates Up? Not Likely, Todays Inflation Report Due - February 12, 2014 10:56

Do you think that interest rates are going to rise soon? Personally, I don’t think so. But the recent dramatic slide of unemployment rates in the UK has many analysts speculating that the Bank of England’s Mark Carney is ready to hint at this in an adjustment of forward guidance in his quarterly inflation report […]

Jobless Claims Fall As Does the Dollar - January 16, 2014 15:37

In economic data today coming from the United States, the initial weekly jobless claims fell by 2000 to 328,000 for the week ended 11th January. This figure was just slightly above the consensus estimate which had all been pointing at a reading of around 325,000. Also released the same time were the secondary unemployment claims […]

Summers Out as Fed Chair Nets Bond Buying - September 16, 2013 14:00

The news that Larry Summers has withdrawn his name from contention for being Ben Bernanke’s replacement as the Chairman of the FOMC had an immediate effect on the markets, sending equity futures rising along with bond prices.  The benchmark 10 year US Treasury Note yield dropped nearly 90 basis points and is trading at an […]

Bonds Routed, Stocks Up, All is Normal? - May 28, 2013 22:24

As if there was ever any doubt that the central banks would not flood the world with unlimited amounts of paper as the Bank of Japan and the ECB both reaffirmed their loose monetary policies which sent equities around the world flying higher.  It is too bad, of course, that organic growth only accounts for […]

Commodity and Equity Bifurcation Continues Towards Plaid - April 23, 2013 21:42

The markets have gone plaid.  We had horrible Chinese and German flash PMI data come out this morning which kept commodity prices under duress all day. Copper continues its trek towards $3.00 per lb.  Silver broke back below $23 after challenging $24 yesterday. The grain complex was whacked across the board in late session trading […]

Energy Prices Rise to Begin Q2 - April 1, 2013 22:40

The first quarter of 2013 were a complete roller coaster ride in the energy space.  We saw U.S. gasoline futures de-couple from Brent crude prices on RIN speculation and natural gas prices close the quarter back over $4.00 per million BTUs for the first time in nearly 2 years.  Quietly, with the continuing saga unfolding […]