Market Overview

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.71; (P) 144.17; (R1) 144.54; . GBP/JPY continues to lose upside momentum but there is still no clear sign of topping yet. Intraday bias remains on the...

We estimate non-farm payrolls increased by 170,000 in April, below the consensus estimate of 190,000.We estimate the unemployment increased to 4.6% and that average hourly earnings increased 0.2% m/m,...

PMI manufacturing for April confirmed what the leading indicators have been saying for some time - that the Chinese economy peaked in Q1 and is set to lose steam for the rest of 2017. Why a slowdown?...

The market to be long it seems is Bitcoin, with price breaking above $1400 and pushing the gains for the year above 50%. Don’t ask me why this is happening, but for those traders who like a...

With April now behind us, investors now enter into the seasonally weak 6-month period of the year. It is also the annual “right of passage” as the debate over the old Wall Street axiom...

US equity markets are on course to open flat on Tuesday following a decent start in Europe where indices are currently posting moderate gains.EUR and GBP gain on multi-year highs for UK and eurozone...

The US dollar is sporting a softer profile against most of the major and emerging market currencies. The Japanese yen is the main exception. The greenback is rising against the yen for the fourth...

Euro area inflation increased to 1.9% y/y in April from 1.5% y/y in March, while core inflation jumped to 1.2% y/y from 0.7% y/y, thereby reaching the highest level in four years. The higher core...

Market movers today Emmanuel Macron is still leading comfortably in the opinion polls ahead of the second round of the French election and the market looks priced for his victory. Nevertheless, the...

The yen and gold held losses as risk appetite picked up due to easing concerns over North Korea, which helped offset soft data from China today. US President Donald Trump said on Monday that he would...

In US, long term treasury yields jumped after Treasury Secretary Steven Mnuchin said yesterday that ultra-long bonds are "something that could absolutely make sense for us at Treasury." 30 year yield...

UK manufacturing sentiment is expected to ease after softer Q1 GDP report Unemployment in the Eurozone is on track to fall to a new post-recession low Blowback from the US export tariff on...

During the session on Monday, we get several announcements that can move the markets, most of which are based around the United States. Because of this, we are going to be watching the US especially...

Quick take: Based on the April S&P 500 average of daily closes, the Crestmont P/E is 107% above its arithmetic mean and at the 99th percentile of this fourteen-plus-decade monthly metric. The...