Crude Oil Jumps as Risk Turns On Evergrande Debt Deal, FOMC Ahead. Will Prices Rally?
Crude oil prices went higher with Evergrande stalling a debt default and the PBOC opening the liquidity tap. Where to before Fed taper talk?
Crude oil prices went higher with Evergrande stalling a debt default and the PBOC opening the liquidity tap. Where to before Fed taper talk?
The Central Bank of the Republic of Turkey (CBRT) ended its monetary tightening cycle will a surprise 100-bps rate cut on Thursday.
EUR/USD may stage a larger recovery over the remainder of the month as it appears to be reversing course ahead of the yearly low (1.1664).
AUD/USD fell overnight as traders failed to buy Wall Street’s dip on Tuesday. Investors are eying Chinese markets and the PBOC to gauge Evergrande risks. The Bank of Japan rate decision is on deck.
Treasury yields are shooting higher after yesterday’s FOMC meeting but, oddly, it appears that stocks do not care at all as they’ve also continued to move higher.
Rate hike odds perk up for the Bank of England, while the European Central Bank may begin to signal the end of its QE program.
USD back to pre-FOMC levels as declines extend. US PMI misses expectations
The South African Reserve Bank holds rates steady at 3.5% as unemployment remains at historical highs
Bank of England provides more hawkish statement. 7-2 vote split on Gilt purchases. GBP jumps above 1.3700
The neutral to mildly hawkish sentiment from yesterday’s FOMC meeting is not playing out in USD/CAD which continues to slide lower.