Mester aims to maintain Fed's course

The President of The Cleveland Federal Reserve Bank, (known to be a hawk in the FOMC) Loretta Mester aims to maintain Fed's course, stating that the central bank must continue its gradual approach to raising interest rates as the inflation rate still did not reach the central bank's 2% inflation target rate. She spoke on Monday in Paris, amid a ...

2018-05-21 John Benjamin Read more
Crucial USD Decision

In the newest episode of Surfing the Waves, Richard Tataru is following up on his previously posted views and the way the Market unfolded its swings, specifically addressing the Crucial USD Decision. Richard then steams ahead, continuing the analysis with a fresh update. [shortcode-variables slug="applyrichardsta"]  

2018-05-21 Richard Tataru Read more
JPY Crashes As Q1 GDP Underwhelms

Weakness in Q1 As we have seen across many developed economies this year, Q1 growth in Japan was disappointing, printing -0.6% year over year and -0.2% quarter on quarter. Marking a contraction for the first time on over two years, and ending the longest run of Japanese GDP growth in 28 years, this is clearly a major blow to the BOJ who have be...

2018-05-17 James Harte Read more
FOMC speeches confirm Fed’s view

The Chairman of the Federal Reserve, Jerome Powell, speaking at a conference sponsored by the International Monetary Fund and the Swiss National Bank in Zurich said that the financial markets have received the information the central bank is on track for gradual interest rate hikes. He said that the markets should not be surprise as the central ...

2018-05-17 John Benjamin Read more
USD Rally Continues As Q2 Outlook Picks Up

As we’ve seen across most of the developed countries, US Q1 economic releases highlighted some weakness in performance. A combination of an aggressive protectionist skew in president Trump’s policies along with volatility in financial markets, weighed on USD over the first three trading months of the year. However the USD rally continues as Q2 o...

2018-05-11 James Harte Read more
May FOMC Meeting

Summary: Officials leave the short term rates at 1.50% - 1.75% Federal Reserve on track to hike rates at the June FOMC meeting Officials willing to tolerate inflation overshoot beyond 2% Further rates hikes for the rest of the year to be determined by incoming data The Federal Reserve Bank held its monetary policy meeting last w...

2018-05-10 John Benjamin Read more
Gold-USD Relationship

As the US dollar rally enters its 4th consecutive week – the longest series of uninterrupted advances since September – the following question needs to be asked? Can the strengthening of the USD continue without any technical breakdown in gold? Or is gold’s stabilisation a red flag for USD bulls? Lets look into the Gold-USD relationship. Here...

2018-05-09 Ashraf Laidi Read more

In Wednesday’s Federal Reserve policy statement, the US central bank indicated that: “Inflation on a 12-month basis is expected to run near the committee’s symmetric 2 percent objective over the medium term”. The reference to symmetric objective means the US central bank anticipates inflation to reach the 2.0% target and is willing to allow i...

2018-05-10 Ashraf Laidi Read more
Gold Under Pressure As USD Short Squeeze Deepens

It’s been a frustrating few months for Gold traders. After rallying strongly into the closing trading of last year, the yellow metal failed to continue its bullish momentum this year and has spent 2018 in a stagnant block of sticky price action. The reason for this has been the conflicting forces at work in the market which have made it difficul...

2018-05-02 James Harte Read more
US retail sales rebound

Retail sales in the United States posted a strong rebound in the month of March snapping a three month consecutive decline. Retail sales were boosted by a bigger than increase in motor vehicle sales and other big items. Despite the stronger than expected increase in retail sales, the overall report showed only a modest pace of growth. This wa...

2018-04-27 John Benjamin Read more