Author : Marc Chandler

The Federal Reserve modified its stance yesterday without changing rates.  It is not just about how fast the Fed sees itself normalizing monetary policy but also where the level...

The US dollar is higher against the major currencies but the Japanese yen and the New Zealand dollar.  The dollar fell to new two-year lows against the yen to...

The Federal Reserve anticipated a more gradual tightening path going forward.  This weighed on the dollar and lifted equities.  August Fed funds futures imply less of a chance of a...

Following today's FOMC meeting, the central banks of Japan, Switzerland, and the UK meet tomorrow.  The SNB will keep its powder dry to be able to respond to the...

The FOMC meeting later today, with updated economic projections and a press conference, is the key event of the day, even though three other central banks meet over the...

This infographic was in the Wall Street Journal on the US election.  It is important to remember that the US does not elect the President by direct popular vote. ...

Oil prices reached their highest level in eleven months in the middle of last week.  The front-month futures contract did not post a key reversal on June 9, but...

A spate of opinion polls showing a tilt toward Brexit, and the leading UK newspaper urging the Leave vote on the front page, keep the global capital markets on...

One of the most profound criticisms of the EU that it remains, even at this late date, primarily an elite project.  The democratic deficit has grown, according to the...

The risk that the UK votes to leave the EU next week is the dominant force in the capital markets.  It is a continuation of what was seen at...