Market Overview

According to the International Monetary Fund, global debt has grown to a staggering grand total of 152 trillion dollars. Other estimates put that figure closer to 200 trillion dollars, but for the...

Central Bank CacophonyIt will a busy Central Bank week this week, with the Fed, BoJ and BOE all on tap. The markets are fully subscribing to a March Fed rate hike, so the focus will be on the dot...

Vehicle Sales were released last week at 17.47mil SAAR (Seasonally Adjusted Annual Rate). Employment reports released today were higher than the average forecast. The Household Survey Employment...

USD/JPY broke 115 before non farm payroll, but crashed back below on profit taking. Will Fed rate hike this week push USD/JPY above 115 again?A superb ADP non-farm payroll came in at 298K, the highest...

EM FX ended last week on a firm note despite the strong U.S. jobs data, with the dollar succumbing to some “buy the rumor, sell the fact” price action. We think the dollar should recover...

The Non Farm Payroll release was pretty subdued. It caused a mild issue, particularly in EUR/USD and USD/CHF, but actually helped out by pointing out an error I made back in early February. When going...

CANADA: Employment jumped 15K in February according to the Labour Force Survey. As a result, the jobless rate dropped two ticks at 6.6% with the participation rate dropping to 65.8% from 65.9%. The...

In our view, the jobs report for February was solid and in line with expectations after the strong ADP jobs report released on Wednesday.The jobs report removes the last obstacle for a Fed hike on...

Market movers ahead We expect the Fed to hike the target range by 25bp to 0.75-1.00% on Wednesday. The US debt limit suspension expires on Wednesday. The Dutch general election takes place on...

Note: This update incorporates the latest Z.1 data release, which includes Q4 2016.Market Cap to GDP is a long-term valuation indicator that has become popular in recent years, thanks to Warren...

Note: With yesterday's release of the Federal Reserve's Z.1. Financial Accounts of the United States for Q4 2016, we have updated this commentary to incorporate the latest data. Let's take a long-term...

Note: This commentary has been updated to Friday morning's release of Nonfarm Employment for February.Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which...

Today's release of the publicly available data from ECRI (Economic Cycle Research Institute) puts its Weekly Leading Index (WLI) at 144.9, down just 0.5 from the previous week. Year-over-year the...

This morning's employment report for February showed a 235K increase in total nonfarm payrolls. The unemployment rate ticked downward from 4.8% to 4.7%. The Investing.com consensus was for 200K new...