Market Overview

With Q4 growth of 0.4% q/q, the French economy ended 2016 on a positive note. At 1.1%, average annual growth was virtually the same as in 2015 (1.2%). The lack of acceleration is due in part to a...

The U.S. Federal Reserve (the Fed) stayed very cautious yesterday in its monetary policy statement. Nevertheless, indicators are flashing green in the United States. Private sector job creation in...

One problem in labeling a “currency manipulator” has been the lack of a definition of the term.But thanks to the Trade Facilitation and Trade Enforcement Act of 2015, that Obama signed,...

EUR/NOK move has been aided by technicals but seems fundamentally overdone.From a risk reward perspective, we prefer booking a 1.85% profit. We look to resell EUR/NOK on rallies. To read the entire...

From the BOE's policy statement: The value of sterling remains 18% below its peak in November 2015, reflecting investors’ perceptions that a lower real exchange rate will be required following...

February BumpsWith January now behind us, and as the luster of the election begins to fade, the question becomes what will the month of February bring. While it is impossible to predict outcomes with...

Dull economics and rapid politicsOnce again I’m going to start with the economics of the past 24hrs, the politics are painfully obvious. Last night’s Federal Reserve was the most boring...

On the first Friday of each month the Bureau of Labor Statistics releases the Employment Situation Report. The data – especially the payroll employment change – is the subject of much...

EUR/CAD Today’s support: - 1.4017(main), where correction is possible. Break would give 1.3989, where correction also may be. Then follows 1.3972. Break of the latter would result 1.3950. If a...

While Super Thursday should put the focus firmly on the UK today, the first two weeks of Donald Trump’s presidency has been eventful, to say the least, so it’s safe to assume potentially...

In the UK, the main event today is the Bank of England (BoE) meeting, with the rate announcement and an updated Inflation Report published at 13.00 CET. We expect that the BoE will keep its monetary...

As expected, the Fed maintained the target range unchanged at 0.50%-0.75% and made no major changes to the FOMC statement. Unfortunately, the statements usually do not change much from meeting to...

Dollar's decline extended overnight after Fed left interest rates unchanged as widely expected. The dollar index reaches as low as 99.42 so far is is pressing 99.43 key near term support level....

The ECB analysis will be widely read after a jump in inflation and firmer growth Mario Draghi's speech will be scrutinised given the pickup in Eurozone GDP Rising inflation expectations may affect...