Market Overview

When an asset class (e.g., stocks, bonds, commodities, real estate, collectibles, etc.) skyrockets in price – when it surges higher without sufficient economic reason – a bubble develops....

The foreign exchange market is becalmed, leaving the US dollar narrowly mixed. The euro has been confined to less than a 20-pip range through the Asian session and most of the European morning. The...

UK manufacturing shows Q1’s weakness should prove transitoryThe UK’s manufacturing sector grew once more in May, but at a slower rate than April. Nonetheless, the release still suggests...

Has global inflation passed the zenith?Flattening real rate curve as inflation fades. The Swedish krona from a cyclical perspective. Update on our trading recommendations. To read the entire report...

Major US indices surged to new record high overnight as boosted by solid ADP job data. Positive sentiments also carry on in Asian session. DOW gained 135.53 pts, or 0.65% to close at 2114.18, a record...

Market movers today Today, the US jobs report for May is due, one of the last important data releases ahead of the Fed's meeting later this month. We forecast nonfarm payrolls rose 170,000 in May but...

Dollar Rebounds After Strong Private Job GainsThe US dollar is higher against major pairs on Thursday after the ADP added 253,000 jobs in May beating expectations of a 181,000 gain. The Institute for...

When an asset class (e.g., stocks, bonds, commodities, real estate, collectibles, etc.) skyrockets in price – when it surges higher without sufficient economic reason – a bubble develops....

UK Election (June 8) This time next week we’ll all be putting a cross in a small box (again) to determine which direction the UK heads over the next five years. A surprise snap election...

by Pinchas CohenBackground MacroFrom an economic perspective, China's back has been against the ropes for some time now. But, credit should be given up front: After the 2007-2008 crash, China was the...

US banks warn trading down in second quarter US markets extended losses on Wednesday on mixed data. The dollar declined further: the live dollar index data show the ICE US Dollar index, a measure of...

We open the page on the month of June and I for one hope we can break this malaise in markets, with either an upside break or at least a reasonable pullback in global equities to attract new money and...

The big decline in Caixin PMI manufacturing for May confirms that the downside risks to Chinese growth are increasing. China is set to weigh on the global business cycle and has turned from a...

by Pinchas CohenThe Big NewsJapan leads Asian markets, whereas China produces contradictory official data, raising renewed questions about government reporting Yen slips, while onshore yuan is set for...