Australia

FX Week Ahead: Central Bank Credibility Slips Yet Again, Fed Up Next

The stand out risk event of the week is clearly the FOMC meeting and announcement on Wednesday, and the focus will be on whether the Fed are ready to balance out the odds of another 25bp hike on the table for this year. We know they are more comfortable in moving having prepared the market first, although we are close to 50/50 again, but only just. 

BIS Finds Global Debt May Be Underreported By $14 Trillion

"Contracts worth tens of trillions of dollars stand open and trillions change hands daily. And yet one cannot find these amounts on balance sheets. This debt is, in effect, missing" the BIS finds in its latest quarterly assessment, which is a concerning as "the missing debt amounts to some $13-14 trillion."

World Stocks Pull Back Amid Rising Concerns Of A Market Correction

For the first day in three S&P futures have pulled back modestly from record levels as some investors cautioned that gains had gone too far, too fast, European shares are mixed while Asian equities extended their longest rising streak in almost two months as continued gains in Japan and India offset the losses in Hong Kong.

Why Nobody Can Trust Facebook

"It becomes harder and harder to overstate the corruption and treachery of the online ad industry..."

Terrorists In Germany's Parliament?

Even as Germany is increasingly cracking down on criticism of Islam, it appears prepared to give a genuine Islamic terrorist group the opportunity to win seats in its parliament.

The Dangerous Decline Of U.S. Hegemony

"The bigger picture behind Official Washington’s hysteria over Russia, Syria and North Korea is the image of a decaying but dangerous American hegemon resisting the start of a new multipolar order..."

A Nuclear North Korea Is Here To Stay

"The latest nuclear test provided no surprises. But it dramatically reminds us of the DPRK’s growing nuclear capabilities...It is time to debate the unthinkable: acquiesce in, or even encourage, creation of countervailing South Korean and Japanese nuclear deterrents."