Market Overview

This is the period in the monthly cycle that China releases most of its high-frequency data. The process is well under way. Over the weekend, China reported its reserve figures that suggested capital...

Excellent start to the month for the greenback!The U.S. dollar is starting off August strong with the excellent employment data released on Friday that could contribute to a continued bullish trend....

The July US nonfarm payrolls easily beat expectations with 255,000 jobs. With upward revisions to the prior two months, taking the six month average to 189,000. Hotter than forecast average workweek...

Forex News and EventsChines imports slumped in July The last trade report from China left little hope of a trend reversal in trade figures. Exports slumped another 4.4%y/y in dollar-denominated terms...

Happy days are here again? On Friday, the mainstream media was buzzing with the news that the U.S. economy had added 255,000 jobs during the month of July. But as you will see below, the U.S. economy...

Friday’s employment report suggested a solid improvement in the US labour market. The US economy added 255’000 nonfarm jobs in July; the wages grew by 0.3% month-on-month. The greenback...

EUR/GBP Today’s support: - 0.8454, 0.8426 and 0.8415 (main), where correction is possible. Break would give 0.8404, where correction also may be. Then follows 0.8372. Break of the latter would...

Risk appetites continue in Asian session today after S&P 500 and Nasdaq made record highs last week. At the time of writing, Nikkei is trading up 326 pts or 2% while other Asian indices are...

Market BriefReleased on Friday, the US nonfarm payrolls greatly surprised to the upside. The US economy added 255,000 non-farm jobs in July versus an expected 180k and an upwardly revised figure of...

Summary: The macro data from the past month continues to mostly point to positive growth. On balance, the evidence suggests the imminent onset of a recession is unlikely.Overall, the main positives...

NZ Retail Sales release is a quarterly release therefore it is more likely to surprise than the monthly release, thus if we get a surprise today, especially if the surprise goes in the direction of...

CurrenciesEUR/USD – fell sharply due to the NFP, but managed to correct quite a bit of the drop in the hours afterwards (nearly half of the move). The strong NFP is definitely causing some more...

Maybe the "smart money" knows the real numbers are now so far from the central planners' rigged statistics that the carefully constructed narrative of "recovery" is doomed to an unwelcome intrusion of...

In a recent article, Peter Degraaf posted a series of charts including the one below. I must confess I had never seen this particular chart before but extremely glad it was posted. I knew the monetary...