The biggest debate in the currency markets at the moment surrounds what the Federal Reserve will do on September 18th. We expect the upcoming interest rate decision to create a great volatility in the financial markets because with less than a week to go, economists and traders have yet to reach a consensus on how much the Federal Reserve will lower interest rates, if at all. According to the 117 economists surveyed by Bloomberg, 69 percent expect a quarter point cut, but according to a DailyFX Poll of 255 voters, […]

The holiday-shortened week proved to be a rough one for traders and investors alike. By the time the dust settled today, the Dow Jones Industrial Average (DIA – 13,113.5) had shed 250 points, or 1.87%, to close below both its 10-day and 20-day moving averages for the first time since August 28. Of its 30 components, only Johnson & Johnson (JNJ) managed to lock in a gain on the session. For the week, the Dow stumbled 1.83% lower. The broad market was soundly smacked lower on Friday following the release […]

Asian stock markets closed higher today with the Nikkei up by +0.32%, Hong Kong up +2.86%, China closing +0.49% and Australia closing +1.59%. The European stock markets are higher this morning with the European DJ Stoxx 50 up +0.15%. This week’s US economic schedule is fairly busy and caps off with Fed Chairman Bernanke’s speech on Friday at the annual Fed symposium in Jackson Hole, Wyoming. The markets will be hoping for some further analysis from Mr. Bernanke of the recent banking crisis and further hints on the Fed’s current […]

NEW YORK – Stocks fluctuated in early trading Monday following a sharp pullback Friday brought by concerns about the credit market and ahead of the Federal Reserve’s meeting Tuesday. Wall Street is looking for signs of encouragement after the fractious trading of the past two weeks. In a day devoid of economic news and with few earnings reports, investors are likely to remain cautious, especially with the Fed’s meeting on interest rates slated for Tuesday. Policy makers are widely expected to hold the benchmark rate steady at 5.25 percent; as […]