Author : Marc Chandler

The  Scotland vote today is the main event, and as important as a "yes" vote would be, it is not the only event today.  And there is not much...

The week's key events kick-off today as the FOMC starts its two-day meeting.   Thursday features Scotland's referendum, the ECB's TLTRO and the SNB's meeting.  Consolidative trading continues to...

Sterling has been pounded by the YouGov poll that showed that those favoring Scottish independence have gained a slim majority for the first time.  It does not matter than...

The US dollar is consolidating, largely within yesterday's ranges.  Month-end and quarter-end hedge and portfolio adjustments are notoriously difficult to predict.  There is also large option expires today.  Given...

Amid light new, the US dollar is slightly firmer against most of the major currencies, except sterling.  Carney's comments over the weekend, suggesting that the BOE will not necessarily...

 The capital markets are subdued. European markets have been thinned by the Assumption Day holiday.  The US dollar is a bit softer against most of the major currencies, except...

The euro zone economy stagnated in Q2, as the rest of the region offset the unexpected 0.2% contraction in the German economy.  The implied yield of the German bund...

Today will likely prove to be the most eventful of the week.   It has already featured Q2 Japanese GDP, a slew of Chinese data, euro zone industrial output...

With many major idiosyncratic EM risk events now behind us, the general tone will be almost entirely set by the mood in developed markets and ongoing geopolitical events. Still,...

The key driver of the global capital market is the heightened geopolitical risks ahead of the weekend.  These now include the US air strikes in Iraq, as well as...