• $60 Billion Trading Scandal Uncovered

    Bankers Caught Out Once Again In the years since the Global Financial Crisis, even more of the nefarious deeds of some members of the financial community have been brought into the spotlight. While some of the criminality uncovered was recent, like the LIBOR rigging scandal of 2012, uncovered when many were still reeling from heavy […]

  • Equities Surge on China’s Trade Comments

    Risk sentiment received a boost late in the week in response to a surprise announcement from China regarding the ongoing trade war between itself and the US. Gao Feng, a spokesman from the Chinese Ministry of Commerce told reporters “We firmly reject an escalation of the trade war, and are willing to negotiate and collaborate […]

  • Key economic events of the week

    Monday, July 31st, 2017 – CPI (YoY) (Jul) (EUR), Pending Home Sales (MoM) (Jun)(USD), Caixin Manufacturing PMI (Jul)(CNY). Tuesday, August 1st, 2017 – RBA Interest Rate Decision (Aug), German Manufacturing PMI (Jul), Manufacturing PMI (Jul), ISM Manufacturing PMI (Jul) (USD), Employment Change (QoQ) (Q2) (AUD). Wednesday, August 2nd, 2017 – Construction PMI (Jul)(GBP), ADP Nonfarm Employment Change (Jul)(USD), Crude Oil Inventories(USD). Thursday, August 3rd, 2017 – Services PMI (Jul)(GBP), BoE […]

  • Output levels might be discussed in February or March

    The meeting of OPEC and non-OPEC exporters can take place in February or March

  • BoJ has sent the rate below zero increasing the hunger for risky assets

    Bank of Japan’s decision to cut the interest rate was quite surprising for markets

  • FOMC left the rate unchanged, WTI responds with a hike

    A decision on federal funds rate was supposed to be taken at yesterday’s FOMC meeting