Author : Marc Chandler

The Federal Reserve met market expectations fully.  It upgraded its assessment of the economy, recognized that the near-term risks had diminished, and remained committed to normalizing monetary policy.  There...

Our informal and simple model for the Canadian dollar has three variables: oil, interest rates, and general risk environment.  Over time, the coefficient of the variables can and do...

This Great Graphic was tweeted by Alan Kruger (@Alan_Kruger). Drawing on official data and the Atlanta Fed's GDPNow tracker for Q2 GDP (2.4%), it shows the current business cycle...

As uncertainty over Japan's fiscal stimulus roiled the yen and domestic equities, Prime Minister Abe was forced to announce his fiscal intentions earlier than he initially intended.  The JPY27...

The Federal Reserve's two-day meeting concludes today.  There is little doubt that it will stand pat.  There is not press conference afterward, so the statement is the only thing...

The health of European banks has reemerged as an important market factor this year.  The IMF warned that the greatest risk to global financial stability stems from three European...

The strength of the Japanese yen is the main development in the foreign exchange market today.  It has gained nearly 1.5%, as short-term participants grow skeptical of the kind...

Today's 2.5% fall in the September light sweet crude oil futures contract extends the decline that began on June 9.  It is the third consecutive loss and the fifth...

The results of the latest stress tests on European banks are expected to be released at 10:00 am CET (5:00 am ET).  The tests cover a little more than...

What promises to be a busy week has begun off slowly.  The US dollar has been largely confined to its pre-weekend ranges against most of the major currencies.  What...