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Market Review & Outlook: Three Major Market Drivers

September 30, 2016 12:48 PM
At the very end of September and the third quarter of 2016, with the US Federal Reserve’s latest interest rate decision out of the way for the time being, three major drivers have been dominating the financial markets and should continue to be instrumental in moving markets going forward. These three drivers are: 1) the first US presidential debate ...

Stocks trim losses

September 30, 2016 7:16 AM
European stock markets started this last day of the month and quarter sharply lower as concerns over Deutsche Bank intensified, which undermined sentiment in the financial sector once again. Deutsche shares tanked nearly 9% at the open and hit a new 33-year low. Investors were concerned by news that some hedge funds have begun to pull their business...

USD/JPY falters amid safe-haven yen strength

September 29, 2016 2:30 PM
USD/JPY initially surged on Thursday morning as the safe-haven yen pulled back on well-supported equity markets and hopes for a long-awaited OPEC deal to limit oil production and stabilize crude oil prices. This calm would not last into afternoon trading, however, as doubts about the solidity of the oil deal emerged and financial stocks took a hit d...