Market Overview

Note: With the release of Tuesday morning's Consumer Price Index, we've updated this commentary to include the Real Retail Sales data for April.Official recession calls are the responsibility of the...

The Fed Has A Difficult JobIn terms of government policy, the economy has two primary types of stimulus, fiscal and monetary. The Fed controls monetary policy. Congress is the primary driver of fiscal...

The message is clear: the U.S. Federal Reserve WANTS to hike rates a few more times this year. Various Fed officials started this week with speeches and interviews discussing their desire to hike...

The reverse correlation between the perceived increased likelihood of one or more interest rate hikes by the Federal Reserve this calendar year and weakness in equity markets remains in channel....

US stocks rallied on Monday as higher oil prices and gains in tech stocks buoyed market sentiment despite disappointing manufacturing data from New York state. The dollar weakened on weaker reading of...

U.S. inflation under the magnifying glassThere’s little news to report this morning, with crude oil hovering close to its recent high as markets expect further declines in inventories. With an...

Normally I’d be happy to see the ES down 4 points (which, these days, is enough to get excited about), but in this ridiculous up/down/up/down toggle-rific market we’re in, all it means is...

Overall, European credit indices have been trading range-bound over the past week, with the European main and crossover indices being broadly unchanged compared with last week. In government bond...

Forex News and EventsSell USD rally The recent rally in US front-end yields has supported USD buying. However, the lack of fundamental developments indicates that this rally will be short-lived. US...

Tuesday May 17: Five things the markets are talking aboutThe Fed is having a tough time getting its own message across; you know the one that U.S rate normalization has begun. The Fed believes that...

CurrenciesEUR/USD – is moving up after having found some sort of support at the lower 1.13 levels. Tomorrow will be a very important day, with inflation data out of the Eurozone and the FOMC...

NZD/USD Today’s support: - 0.6772 and 0.6750 (main), where correction is possible. Break would give 0.6734, where correction also may be. Then follows 0.6705. Break of the latter would result...

Phone polls put Remain over the topOpinion polls and London buses; none for an age and then three turn up at once. Sterling has taken a shot in the arm from the latest readings of the referendum tea...

Canada – Housing starts fell 5.4% to reach 191.5K in April. That was roughly in line with consensus expectations. The decrease in starts was felt in both urban (-4.6%) and rural areas (-12.5%)....