Markets

The dollar is trading modestly firmer against the majors in very narrow ranges, gaining some traction after the losses seen Thursday.

One of the most important developments in the foreign exchange market is the fragmentation of the risk-on/risk-off matrix that was a key feature since the onset of the financial crisis. While cognizant of the non-linear nature of the…

The US dollar is mixed after the broad dollar rally is losing steam into the North American open. The euro zone is on the back burner for now. Indeed, the recent back up in US yields over such a short time period has been astounding. Even…

Fitch Ratings released the following statement today in conjunction with their latest ratings action on sovereign debt issued by the United Kingdom.

The FOMC did tweak its outlook but maintained its pledge to keep rates low through 2014. February retail sales were stronger than expected. Equities rallied sharply as a result and, more importantly, the US Treasury market sold off. With…

The following explanation of the recent Greek ratings action was posted at Fitch Ratings website.

This is a good segment from CNBC on the dichotomy we see in the housing market of still falling house prices and rising rents. Is the rise in rents a foreshadowing of house prices stabilising? Take a look.

This weekly update is a gold level post for members only. There has been a lot of talk in the media of late about financial repression. This newsletter article is designed to explore what financial repression is, what it means for your…

Appraisers are pursuing class action suits against banks, asserting they were blacklisted if they refused to engage in fraudulent appraisals. The problem is that if they win, they are then subject to suit by homeowners (who are losing their…

The Greek government said PSI went through with a 95.7% participation rate after CACs were activated. Before the CACs, however, that rate was only 85.8%. ISDA’s determinations committee will decide today at 08:00 EST whether a credit event…