Market Overview

Paul Wallace recently penned for Reuters an interesting article entitled: “GDP Is A Grossly Defective Product.” In the article he states: Yet despite its theoretical appeal, GDP is, in...

As widely expected, NB left the sight deposit rate unchanged at today's monetary policy meeting. The statement was also very balanced referencing four factors that relative to September's on-hold...

As seen in the chart right, the Riksbank has made a significant reduction in its inflation outlook, but its growth and employment forecasts remain broadly unchanged. On the back of that, Riksbank has...

Manufacturing activity in the eurozone strengthened sharply in October, beating expectations, according to “flash,” or preliminary, purchasing manager’s index (PMI) data. The region...

Chinese activity has recovered and the consensus view is it can stay up in 2017. This is a bit more positive than our view that it is likely to taper off again in 2017. A key concern is that China...

The euro remains pinned near the seven-month low it recorded two days ago near $1.0850. It approached $1.0950 yesterday and has been confined to about a 15-tick range on either side of $1.0905 today....

Last week’s OPEC meeting in Algiers was initially regarded as quite successful but markets are still sceptical as to how the agreement will be executed. According to recent figures the overall...

NZD/USDToday’s support: - 0.7141 and 0.7110 (main), where correction is possible. Break would give 0.7088, where correction also may be. Then follows 0.7062. Break of the latter would result...

Dollar's retreat yesterday was relatively slow as renewed strengthen in treasury yield provided some support. 10 year yield closed up 0.032 at 1.790 and it's seems to be heading for a break of recent...

In the UK, there is only one major release today - the first estimate of GDP growth in Q3. Economic data in Q3 has been much better than we feared and expected. We look for GDP growth in the range...

Global inflation is going to pick up due to the recent rise in commodity prices . We expect this to reduce the deflation scare further, thereby supporting the market pricing of inflation.In the euro...

There is a growing body of public work that suggests Federal Reserve officials are prepared now for a very different sort of normalization than what had been envisioned up until this year. That comes,...

Twitter (NYSE: TWTR) has become part of the fabric of human society.Its 300 million users have made it one of the most important media channels in the world. Whether you’re interested in memes...

Economists seek a substantially lower pace of UK growth in today’s Q3 GDP Survey data for Britain’s retail trade industry on track to strengthen a bit in October US durable goods orders...