The recent rise of global long-term bond yields remains the overriding driver of FX markets. Indeed, the move constitutes a tightening in global financial conditions that erodes market risk sentiment, and hurts higher-yielding and commodity currencies. Because the move has Read More →

The S&P 500 index traded higher on Wednesday despite the slump in oil prices. Out of ten sectors making up the index, the energy sector was the only one that drifted lower while the materials sector was almost unchanged Read More →

U.S stocks headed lower on Friday, dragged down by financial and energy companies. The Dow Jones index is down 0.51% so far today with only four companies trading higher out of 30 constituents making up the benchmark. Intel Read More →

While the FOMC is unlikely to deliver a rate hike, the committee will have to communicate that a hike is still likely before the end of the year. This means that the communication will have to sound cautiously hawkish, which Read More →