Market Overview

Squeezed by the reduction in European transfers, investment growth is slowing. Consumption, in contrast, is holding up well, bolstered by public spending, which is paving the way for a soft landing....

The Egyptian pound needs to be devalued due to the deterioration in the country’s export competitiveness and the squeeze on foreign-currency liquidity. As previous devaluations show, not only in...

Growth resilient, but imbalances soarWith the hydrocarbon sector generating more than 95% of exports and about 60% of government revenue, the Algerian economy has been hard hit. Even so, it continues...

A deceptive rebound The rebound in Q2 real GDP growth (+3.3% q/q saar, vs. -1.2% q/q saar in Q1) is likely to be short lived since the South African economy still lacks a powerful growth engine. On...

A downgrade is unlikely Anyway, a toolbox is ready So much power in the pencil of a rating agency… The credit rating agency DBRS will release its decision this evening on Portugal’s...

Unsurprisingly, the ECB maintained the monetary status quo at its October meetingMario Draghi restated the commitment to preserving the substantial amount of monetary accommodation needed to secure...

Canada – Retail sales fell 0.1% in August, disappointing consensus which was looking for an increase of 0.3%. The prior month was revised down to -0.2% (from -0.1%). In August, sales declined in...

Market movers ahead In the US a lot of attention next week will be on the first estimate of Q3 GDP growth. Overall, we expect GDP growth was around 2.0% q/q AR in Q3. This is not strong taking into...

In this week's market analysis, we will look at potential trading opportunities and zones where we should look for price action, evidence and potential moves. Pairs and markets analyzed this week:...

Summary: Throughout 2013, 2014 and early 2015, fund managers were heavily overweight equities and underweight cash and bonds. Those allocations have entirely flipped in 2016, with investors...

Imagination is more important than knowledge. For knowledge is limited to all we now know and understand, while imagination embraces the entire world, and all there ever will be to know and...

The Mystery of Budget Deficit versus Increase in DebtDebt has grown at an incredible pace since the financial crisis of 2008. Over the centuries, the world has faced numerous debt crises, of which...

With so much uncertainty in the world most investors/traders get anxious and worried over losing money and start listening to market sages and so-called prophets. That is typical and quite natural,...

Economic CommentaryThe International Monetary Fund (IMF) kept its expectations for global growth in 2016 unchanged at 3.1% in its recently-published World Economic Outlook. While the headline figure...