Market Overview

This has been a very tense week. The persistent tug-of-war between good (the bears) and evil (the bulls) has been worse than ever, with neither side gaining a toehold. Today, however, helped the...

Today we get another glimpse into the behind-the-scenes machinations of the “data dependent” Federal Open Market Committee with the release of the minutes from the April 26-27...

The bulls and bears are in stalemate. Whenever the S&P 500 index starts to approach recent highs, the bears pull it back. For example, look at the SPX chart for April 20th. Intraday, SPX hit the...

The ridiculous up/down/up/down/up/down we’ve been living with in this market for, what, the past 18 months or so has been maddening. Will it end any time soon? I suppose it’s possible, but...

Economic growth has been winding lower lately and the deceleration trend is on track to continue in April, based on The Capital Spectator’s analysis of the three-month average of the Chicago...

EUR/NOK. We expect EUR/NOK to trade around current levels in the coming month with the very short-term risks skewed to the upside. We maintain the view that fundamentals limit the medium-term downside...

US stock market ended lower on Tuesday erasing previous day’s gains as higher inflation reading spurred concerns the Federal Reserve may hike interest rates in June. The dollar was little...

On Thursday, we have tap auctions in SGBi31112 (1 June 2026) and SGBi3111 (1 June 2032) - SEK700 in the shorter one (SGBi3112) and SEK300m in the other. On Friday and Monday next week, the Swedish...

Forex News and EventsQ1 Japan GDP rebounds First quarter Japan’s GDP has printed in above expectations at 0.4% q/q with markets only expecting a slight increase at 0.1% q/q. The rebound in...

Politics is set to take centre stage in Japan in coming months with several important events ahead. Given the economic and political situation and, not least, this year's surge in the JPY, we think...

US economic growth remains sluggish, hinting at the possibility that a new recession may be near. But the numbers don’t align with a pessimistic intuition. The probability is extremely low that...

Quite a surprise in terms of Japanese GDP this morning.Real gross domestic product (GDP) for the January-March period expanded an annualized 1.7 percent, against expectations in a Reuters poll for a...

Jeff Snider wrote a fascinating post on the yield curve and its usefulness as an economic indicator. Many have suggested recently that we won’t see a recession without first seeing the yield...

The US dollar is rising against all the major currencies today. The Australian dollar is retracing a sufficient part of its recent gains to suggest that the current phase of the US dollar's recovery...