No Change in Federal Funds Rate

September 18, 2015

The long waited FOMC meeting is behind us and the outcome was clearly disappointing for the USD bulls. The US dollar is down across the board and the Federal Funds Rate is exactly at the same level as it was 24 hours ago. In short – no change in the... View Article

U.S. Labor Market Looks Impressive

September 6, 2015

US Non Farm Payrolls, released on Friday, were once again close to 200K and even though, the figure came in below expectations (215K), 173 000 new jobs per month is still a superb result. On top of that, the unemployment rate edged down to 5.1 percent and most importantly, hourly... View Article

Data Dependant FED

August 7, 2015

FED has insisted everytime, since the liftoff talks began, that any kind of rate hike is data dependant but nevertheless, the market has created clear time targets, such as September & December meetings to be the potential beginnings of the new tightening cycle. In itself, those time-targets are perfectly reasonable... View Article

US Exporters and Strong USD

February 1, 2015

While the Eurozone is struggling with all sorts of problems, the United States on the other hand is doing very well. Last Friday we all witnessed that the 4th quarter growth in US was a healthy 2.6%. Clearly it is lower than previous quarter 5% but nevertheless, there is no... View Article

The World of Central Banks

January 27, 2015

It seems that extremely loose monetary policy is starting to gain ground again as central banks are lowering their non-existent interest rates, launching QE’s and cutting inflation forecasts. The fact that Bank of Canada was forced to cut rates was perhaps the biggest suprise of them all as their neighbour,... View Article

Oil, Precious Oil!

January 20, 2015

While most of the consumers around the world are enjoying lower energy and oil prices, the oil industry itself is not cheering at all. In fact, the current price level is too low for the industry in general and very soon, we should start seeing the negative side effects of... View Article