A report on the growth in Germany’s gross domestic product is due at 6:00 GMT (2:00 AM EST). FXStreet reports that quarter over quarter growth in Europe is expected to be 0.2% while year-over-year GDP is expected to decline by 0.2%. The NADEX is pricing the probability that the EUR/USD exceeds 1.1325 at $5.20 which … Continue reading At 5:18 AM, the EUR/USD is testing the 1.1319 level.
The 4:15 pm fix is in. According to the Federal Reserve’s data, two-year and ten-year yields have been inching up over the last week. Throw in a little dollar weakening compared to the euro. Given we are closer to the beginning of Election Day (14.5 hours at the time of this writing), could some political … Continue reading The fix is in. Yields inching higher. The polls tightening. Tomorrow night will be pizza and popcorn night.
The few that control financial and natural resources are as much afraid of uncertainty as you or I. Quelling uncertainty requires a model for managing expectations and in a credit-driven political economy that means determining before-hand where interest rates and yields should end up. Continue reading Interbank Market News Scan: As the money supply falls, asset values fall as well…
Lawyers Write the Bets. Bankers Sell the Bets. 