Market Overview

The pound tanked to 1.2082 against the US dollar yesterday, on expectations that the Bank of England (BoE) Governor Carney would remain significantly loose to support the economy post-Brexit. However,...

Sex tapes, hot debates, accusations, leaks – these US elections seem to have it all. After a weak first debate for Donald Trump, the second one ended without a clear winner. Every few days a new...

The Nikkei has been rising since October 13th, sending the Japanese composite to a 6 month high this week. The index showed steady gains throughout the week as firms posted solid earnings results....

J. J. Kinahan, chief strategist and managing director of TD Ameritrade, formerly of thinkorwim, has written a primer for would-be options traders—Essential Option Strategies: Understanding the...

No one wins trade wars. And it makes no sense to try. At long last someone has figured that out, most likely because a trade collapse has already started.Please consider Sweden Holds Out Olive Branch...

Key Points: DE IFO Business Climate rises to 110.5. Growing inflationary outlook for Germany. ECB’s path on monetary policy complicated by two-speed economy. Germany has largely been seen as the...

Pressure on sterling increasesSterling spent another afternoon session under the pump yesterday, getting close to ‘flash crash Friday’ lows with little catalyst for such a fall. Comments...

It promises to be a fairly important day for the Aussie rates and FX markets, but if we look at the options market and AUD/USD overnight implied volatility, at 15.91% it’s in no way elevated. In...

USD/CNY has continued higher recently. However, the recent move is a reflection of a stronger USD, not a weaker CNY (Chart 1). See also FX Strategy: USD/CNY highest in six years - more to come , 11...

Market movers today Today sees the release of the US Markit PMI services index for October, which has been more accurate than the ISM non-manufacturing index in recent quarters and while we saw a big...

We’re about to enter that time when financial commentators offer up their best guesses as to what investors can expect in the Near Year. It always makes for fun reading, but it also never fails...

Germany’s Gfk Consumer Climate Index to hold steady at a relatively high level Today’s US Services PMI offers another look at the US macro profile for October New home sales in the US in...

The burden of the sharp slowdown in nominal growth since the middle of 2014 has been borne disproportionately by corporate America. Between Q3 of that year and Q2 of this year, the year-on-year (y/y)...

IntroductionSince the 2008 collapse, the Fed has been buying government debt to keep interest rates low in hopes of inducing more spending by individuals and business. There are several reasons this...