The jitters in the market place raise on the unresolved US budget deadlock. As the budget deadline approaches, World leading officials urge Washington to find a resolution as concerns on US default denote a potential decline in governments treasury holdings in value...
In the October meeting, the BoJ decided to keep the policy unchanged. The annual rise in monetary base remains at Yen 60
US government has partially shutdown at midnight for the first time since 1996, as House Republicans refused to agree on the budget unless it involved a delay in Obamacare...
The week starts with good sentiment as China prints better than expected manufacturing PMI in September (51.2, versus 60.9 expected & 50.1 prev). Shanghai
The FX markets are subject to high volatility, mainly triggered by dovish comments on Fed QE and the ongoing liquidity concerns in China. Though the PBOC sees the liquidity risk controllable, the abstention to add cash in the system generated significant swings in the equity and currency markets so far...
The currency markets are mostly dominated by profit taking and speculative positioning as the investors seek direction these days. The Wall Street rally gave a short-lived boost to risk-positive currencies in New York, yet the limited enthusiasm in Asia lead to some consolidation during the overnight session...