Market Overview

Summary: The macro data from the past month continues to mostly point to positive growth. On balance, the evidence suggests the imminent onset of a recession is unlikely.That said, there are some...

The end of the US dollar's downside correction, which we see having begun in mid-December, following the Fed hike rather than the start of the New Year, is proving more elusive than we anticipated....

We’re already a month into New Year and there has been an ample amount of sentiment data to suggest that investors, both retail and institutional, aren’t terribly enthusiastic on the stock...

Financial media is fond of calling each month's US jobs release as "THE MOST IMPORTANT NFP REPORT OF ALL TIME". But this time around, even the pundits struggled to impart too much significance to...

US stocks stalled on Thursday US stocks stopped rallying on Thursday following Trump’s latest comments on the policy he is to pursue. Since the presidential elections in November, markets have...

Sharp rise in PPI -- what does it mean for consumer prices?Reason to keep short EUR/SEK position. Long-dated BEIs above 2% and real rates below -1% - where is the value in longer linkers? Start...

The dollar is at a pinnacle point. In light of the crossroad the currency faces, we have outlined the most impactful drivers of the asset.The dollar has retreated 3.5% in January. Will the greenback...

GBP/CHFToday’s support: - 1.2397 and 1.2370 (main), where correction is possible. Break would give 1.2347, where correction also may be. Then follows 1.2331. Break of the latter would result...

On 10 January, Tiger Resources (AX:TGS) announced that it had achieved production for FY16 of 23,119t of copper cathode. While this was within updated guidance of 23.0-23.6kt, it was below earlier...

In the US, the data calendar is light and we expect focus to remain on Donald Trump's policy. One game changer may be confirmation of Steven Mnuchin as Treasury Secretary.The main event in the UK next...

The Trump team wasted no time in telling Fed Chair Janet Yellen what is and is not acceptable.Patrick McHenry, the vice chairman of the House financial services committee, sent Yellen a letter of...

Ahead of the weekend, there are two series of economic reports. The first are Europe's service PMI reports and the second is the US employment report. Neither report is likely to alter views...

FTSE +3 points at 7143DAX +9 points at 11636 CAC +7 points at 4801 European markets look set for a flat to slightly positive open as traders sit on their hands in the lead up to the US unemployment...

USD weaker as Trump team blames Germany, Japan and China for devaluing currenciesWe still look for stronger USD on 1-3M horizon A trade war could be brewing - self-defence if you ask Trump,...