Market Overview

AU RBA Interest Rate Decision today is likely to keep rates unchanged at current level although with the uncertainty in the political area and the ongoing development between US and China, we should...

The AUD GDP q/q is a quarterly release and considering recent market developments, I’d stay away from this trade unless we get our tradable deviation.Here is the forecast: 7:30pm (NY Time) AUD...

US ISM Non-Manufacturing PMI is a leading indicator but because it’s scheduled after the all important Nonfarm Payroll and the fact Feds is likely to hike rates this month, I would only take a...

UK Services Purchasing Manager Index is a leading indicator and should cause plenty of market reaction if there is a surprise. As usual, with Brexit still hanging, I would caution holding any...

The latest IMM data cover the week from 22 to 29 November 2016To read the entire report Please click on the pdf File Below

In Sweden , the week ahead is about industrial data (Wednesday, at 09:30 CET) and not much else. Given positive survey data and the optimistic forward-looking content in the GDP release we expect...

Portugal’s budget proposal, presented in mid-October, considers that it responds to the EC’s demands, by aiming to reduce the budget deficit to 2.4% of GDP this year. Moreover the...

In the US, the main release today is the ISM non-manufacturing index for November. We think the index is at a reasonable level and expect only a small increase from 54.8 to 55.0.The Fed's Dudley and...

Labor force participation rate has been dropping steadily since 2000 (see chart). Central planners can't explain it or refuse to touch it. They assure those affected not to worry. Those with a job...

US news was very positive this week. The second estimate for 3rd quarter GDP increased .3% to 3.2%. Personal incomes and spending continued to rise as well. Durable goods, which have been weak due to...

Numerous Fed Governors have correctly observed that both unemployment and inflation levels support a rate hike. Unemployment is 4.6%; core CPI is 2.1% while total CPI is 1.6%.But an ancillary question...

Last week’s most important international economic development was OPEC’s agreement to limit production. As with all OPEC agreements, there are many details that could potentially unravel...

Canadian dollar surged broadly last week as the highly anticipated OPEC meeting finally delivered an agreement on production cut. WTI crude oil surged 51.80 and took the Loonie, as well as stocks...

There were significant moves in interest rates and currencies last month. The drama was primarily spurred by the solidification of expectations of a Fed hike in the middle of this month and the...