Forex Consulting

US events on the economic calendar this week

It’s a busy week on the calendar This Friday will be the first Friday of a new month but it’s a rare one that skips non-farm payrolls. That’s delayed until Dec 8 but in the interim, there are a series of reports that will be sure to move markets. Copyright 2015 Forexlive.com

Forex Consulting

US return doesn’t do much for the buck

A recap of what’s driving markets today  The market was waiting for the return of a US presence on Monday to see what things would like with the benefit of a fuller day of trade. Overall, there wasn’t much movement out there, though what little we did see was mostly consolidative. Copyright 2015 Forexlive.com

Forex Consulting

It’s all about the cross-currency basis swap spreads

Fresh warnings on US dollar scarcity The problem for non-US banks is simple. The regulations are tighter than ever and mean they need to hold funding currencies. The problem is that the US dollar remains the dominant funding currency and they can’t always get access in crunch time, because they can’t borrow directly from the…

Forex Consulting

OPEC to overstimulate the oil market in 2018?

WSJ with an article on investors getting worried by OPEC overdoing its job OPEC will meet again this week in Vienna, and will likely announce an agreement to extend its current supply cut of 2% in the oil market. By right, that should signal good news to oil investors and executives but it seems that…