Market Overview

In my last update two weeks ago I commented on the continued weakness in the economic data. The economic surprises were overwhelmingly negative and our market based indicators confirmed that weakness....

Recently, a Spanish group called “Ecologist in Action” asked me to give them a presentation on what kind of financial crisis we should expect. They wanted to know when it would be and how...

The greenback slid against a basket of major currencies, carrying over losses from Friday, when it dropped by -0.40%. Markets are increasingly sour on the dollar as expectations of another rate hike...

Economists project unemployment in the euro area to hit eight-year low in May The joblessrate is high by some standards, but the downtrend is encouraging UK Manufacturing PMI may stall, but it should...

(from my colleague Dr. Win Thin)EM FX ended the week on a mixed note, as investors await fresh drivers. US jobs data on Friday could provide more clarity on Fed policy and the US economy. Within EM,...

This week, the BEA released their final numbers for 1Q GDP. This table shows the numbers for the Q/Q numbers (left column) and Y/Y numbers (right column): Starting with the Q/Q numbers (left column)...

According to the Fed’s latest “dot plot,” the consensus is for interest rates to be 25 basis points higher by the end of the year. If everything goes according to plan, there will be...

The latest weekly investor sentiment poll on twitter showed up a couple of interesting divergences that may offer clues on the next steps for markets. As a reminder the weekly sentiment poll asks if...

by Pinchas CohenThe Week That Was Major central bankers showed a united front in optimism on future growth The ECB provided mixed signals on their outlook for the end of tapering, sending the euro...

As budget season comes to a close, there were 14 states joining Illinois that still had not finalized their budgets by the time of this writing. Illinois, which has received numerous downgrades...

Market Movers ahead The most important event in the Nordics is the Riksbank's announcement on Tuesday at 09:30 CET. Although we expect the Riksbank to stay on hold, we expect it remove the small rate...

Lakehouse's (LON:LAKE) recent report on the six months to March 2017 shows the business starting to improve, following a review of strategy and operations that commenced in mid-2016. Three of the four...

Game Digital (LON:GMDG) has acknowledged that UK supply shortages for the highly successful Nintendo Switch console will have an impact on results in the second half of FY17. This is by nature a...

If Philip Lowe of the Reserve Bank of Australia were the Wizard of Oz, he would be furiously working away on a precautionary alchemistic solution to prevent all that’s golden from turning in...