Markets

The US jobs data headline, details and Sept revision were better than expected and although the unemployment rate remains stubbornly high, the take away is net constructive and caps a week in which the US data has generally been better than…

Highlights The US dollar is trading with a firmer tone after selling off subsequent the announcement of QEII and weakening for the past two days.  An unexpected fall in eurozone retails sales added to the downside of the euro. …

With the long await Fed decision behind, what are the likely implications of Fed’s new round of asset purchase, dubbed QEII? The Fed’s announcement of $600 bln in assets was not much a surprise but the details within the statement provided…

Lender Processing Services releases a monthly data set which gives a better view into how the mortgage market is doing overall. I have taken a look at the most recent publication and have a few charts to share with you below on the data…

by Win Thin EM currencies are rallying in the wake of the FOMC decision, with many back to testing or even besting the year’s highs vs. USD from mid-October.  We continue to feel that the conditions favoring EM investment will…

The Federal Reserve is attempting to reflate the US economy to close the output gap and create jobs. They have decided to purchase medium-term Treasury paper to do so. But monetary policy is a blunt instrument. QE is already having all…

Highlights The dollar weakness after the FOMC gave way to a pretty steady and small trading range through the Asian session.  But the dollar experienced a sharp selloff in the European session as investors further increased their…

By David Galland, Managing Director, Casey Research Last month gold broke into new record territory – reaching an all-time high of $1,387 on October 14. A new record in nominal terms, that is. To top the previous high in…

The dollar has sold off on the news that the Federal Reserve will buy $600 bln of Treasuries over the next 8 months.  It will relax its 35% self-imposed limited per security.  This is in addition to the $35 bln per month it…

The Norwegian Krone looks interesting with oil prices high and the Norwegian domestic economy doing well. Andy Lees of UBS writes: Whilst I like the Norwegian currency, benefitting from its oil and gas, its oil fund and the fact that…