Archive for November 1st, 2017

Deeper Analysis

October in Figures

November 1, 2017

Whereas September had experienced upward pressure on long-term interest rates, October had a slight downward bias. The rhetoric after central bank meetings in Japan and Euroland was a bit more dovish than expected, leaving an impression there will not be an initial interest rate hike in 2018 by either. Stock markets performed will during October, […] More

Central Bank Watch

FOMC Statement Conveys Little New Information

November 1, 2017

The FOMC statement was released at 18:00 GMT. Fifteen minutes later, key market prices — the dollar, 10-year Treasury yield, gold, oil and the DOW — were barely changed. The message was one of continuity. The November 1, 2017 FOMC statement┬áreads almost identically to the one from the prior meeting on September 20. The current […] More

Central Bank Watch

FOMC Preview

November 1, 2017

A press conference is not scheduled for after the release of today’s FOMC statement, set for 14:00 EDT (18:00 GMT). By a unanimous vote , the federal funds target range of 1-1.25% was maintained at the last FOMC meeting on September 20. Nor is a change expected at this week’s meeting, but the statement will […] More

New Overnight Developments Abroad - Daily Update

Stocks and Commodities Up, Manufacturing PMIs Out, and FOMC Announcement on Tap

November 1, 2017

On this All Saints Day, the dollar rose 0.5% to a 6-month high against the yen and also posted advances of 0.4% against the Swiss franc while moving above par and 0.3% relative to the euro. The dollar is steady against the loonie, peso and sterling but has fallen 0.7% relative to the kiwi and […] More

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