Market Overview

“We’ve never had a decline in house prices on a nationwide basis.” -Ben Bernanke, July 2005 Just because something has never happened in the past doesn’t mean it can’t...

The US grew 156k jobs in August, missing the median estimate by about 16k. The July series was revised up by 16k. The unemployment and participate rates ticked up 0.1% to 5.0% and 62.9% respectively....

EUR/GBP temporarily overshot our 6M forecast at 0.92 and GBP/USD dropped to a 31-year low overnight in what is likely to have been an algorithmic trading-driven flash crash.EUR/GBP is technically...

Summary: Today’s jobs report is critical. The economy is slowing — slowly. Weak employment growth in September would signal that we have entered the pre-recession days. A strong jobs...

We present our take on the economic and financial implications of the US presidential election. If Donald Trump becomes the next US President, it could trigger substantial fiscal easing and would also...

Sterling again steals the limelight. In early Asia, sterling inexplicably dropped nearly eight cents in minutes (to ~$1840), and on some platforms, may have traded below $1.1380. It almost immediately...

NZD/SGD Today’s support: - 0.9765b (main), where correction is possible. Break would give 0.9744, where correction also may be. Then follows 0.9723. Break of the latter would result 0.9692. If a...

Another day, another fall in the value of sterlingI could’ve written this line on almost any day of this week and, frankly, it’s getting tiring: the pound closed lower against the dollar...

Gold lost 1.2%, dropping to US$1,252 after US initial jobless claims dropped to their second lowest level since 1973. US initial jobless claims fell to 249,000, lower than market expectations for...

The U.S. stock market continues to be a highly valued but viable alternative to bonds, which have very low yields.Among U.S. stocks, we favor technology companies, and if interest rates rise over the...

Recently, we have heard noises from several different places touching on the theme of equities purchases by the Federal Reserve. The first was during Fed Chair Janet Yellen’s most recent...

The problems of Deutsche Bank (DE:DBKGn), and other European banks, are not new. At this stage, these problems are not about to precipitate a “Lehman moment” -- a panic like the one which...

The Economy is in TroubleThe US economy may be approaching its 28th consecutive quarter of growth from the end of the 2008-2009 recession, but all is not as it seems. Shadow Stats shows that, due to...

In the US, the September jobs report is due out today. Employment growth slowed in August as expected after two months of very strong jobs growth. This leaves average jobs growth over the summer at a...