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MARKET NEWS 18 June 2014 Fed tapers QE by another $10 billion As it was widely expected, the US Federal Reserve cut bond-buying program (QE) by $10 billion for a fifth straight meeting, to $35 billion, keeping it on pace to end the program late this year. Interest rates were left at a record...

MARKET NEWS 19 June 2014 SNB maintains the EUR/CHF 1.20 peg As it was widely expected, the Swiss National Bank kept its 3-month target rate at 0.00-0.25%. The EUR/CHF cap was maintained at 1.2000. The regulator underlined it is ready to buy unlimited quantities of foreign currency if needed...

MARKET NEWS June 19: Asian session US dollar remained near the lows it hit yesterday versus its counterparts after the Federal Reserve signaled it will keep interest rates near zero even as it ends bond purchases, damping demand for the US currency. Asian shares rose toward a 6-year high...

MARKET NEWS June 18th: American session Tatiana Norkina, an analyst at FBS The index of the U.S. dollar does not stand the pressure today, after the disappointing data on the U.S. balance of payments, which already suffers from a lack of more than 111 billion dollars. Analysts also expect...

MARKET NEWS 18 June 2014 Bank of England: meeting minutes GBP/USD spiked to $1.7002, but then slid to the $1.6940 area. The Bank of England’s June 5 meeting showed that the Monetary Policy Committee voted unanimously in favor of maintaining the interest rate at 0.5% and the program of asset...

MARKET NEWS Key option levels (June 18) Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of...

MARKET NEWS June 18: Asian session USD/JPY rose to 102.30. US dollar held gains versus most of its major peers before the Federal Reserve announces a policy decision today as signs of US economic growth fuel speculation policy makers are moving toward raising interest rates. Asian stocks...

MARKET NEWS June 17th: American Session Tatiana Norkina, FBS analyst The U.S. dollar strengthened sharply today, after the publication of statistics on inflation. Consumer prices in the past month rose by 0.4%, against expectations of 0.2%. As a result, the U.S. dollar index jumped to...

MARKET NEWS 17 June 2014 IMF cut US 2014 forecast The International Monetary Fund cut its forecast for US 2014 economic growth this year by 0.8% to 2%, citing a harsh winter, a struggling housing market and weak international demand for the country's products. Economists say the Federal...

MARKET NEWS June 17: Asian session Most Asian stock markets fell on Tuesday as the deepening conflict in Iraq and a gas dispute between Ukraine and Russia sapped investors' appetite for riskier assets. China’s stocks fell after foreign direct investment in the country unexpectedly declined...

MARKET NEWS June 16: American Session Tatiana Norkina, analyst at FBS The U.S. dollar index keeps weakening even after the publication of positive statistics on industrial production in the country, and is currently losing about 0.30%. The major stock indexes are also in the red zone: DJIA...

MARKET NEWS 16 June 2014 Geopolitical risks dominate the markets Currency markets entered the new week in a risk-negative sentiment. Geopolitical risks increased on the back of social unrest in Iraq. What’s more, the breakdown of gas talks between Ukraine and Gazprom added to market concerns...

MARKET NEWS 16 June 2014 German growth to be weak in Q2 According to the Bundesbank monthly report from June 16, German economic growth could be lower than everage in the first half of the year. After a very strong start to the year real GDP should increase only slightly in Q2, while the Q3...

MARKET NEWS June 16: Asian session USD/JPY slid to 101.72. Yen strengthened as violence in Iraq boosted speculation that oil supplies will be disrupted and increased the appeal of haven assets. The MSCI Asia Pacific Index lost 0.2%. Japanese Nikkei 225 lost more than 1%. AUD/USD is testing...

Market News June 13th: American Session Tatiana Norkina, FBS analyst The dollar index recovered today after two days of falling before the data from the United States. However, the statistics showed a decrease in the producer price index for the last month to 0.2%. Analysts had expected an...

Market News 13 June 2014 Euro's falling again EUR/USD has made a U-turn down, while USD/CHF reversed up. Resistance at $1.3580 proved to be too strong for the bulls and it took minutes for the bears to retrace the recent bounce. Bigger than expected trade surplus didn’t help the single...

Market News June 13: Asian session MSCI Asia-Pacific Index of stocks erased declines, with oil producers surging on the highest crude prices in eight months as violence in Iraq spurred supply concerns. USD/JPY rose from 101.70 to 102.00. The Bank of Japan left its policy unchanged, but the...

Market News June 12: American session Tatiana Norkina, an analyst at FBS Negative statistics from the U.S. has given a negative effect to the American dollar. According to published data, in the last week the number of applications for unemployment benefits increased to 317 thousand...

Market News 12 June 2014 BoJ meeting: what to expect? The Bank of Japan will announce its policy meeting decision on Friday. The regulator is widely expected to refrain from adding stimulus this month. All 33 economists surveyed by Bloomberg forecast the central bank to keep policy unchanged...

Market News 12 June 2014 RBNZ raised rate to 3.25% The Reserve Bank of New Zealand announced an interest rate hike on Thursday for the third time in 2014, lifting the cash rate by 0.25 to 3.25%. New Zealand's economic expansion "has considerable momentum" and it is "important that inflation...