Market Overview

Bank Indonesia will use the 7-day reverse repo rate as its new benchmark policy rate The ruling party in South Korea unexpectedly lost parliamentary elections The Monetary Authority of Singapore...

At the IMF/World Bank meetings this past week, Chinese officials were again pushing for greater use of the IMF's unit of account, Special Drawing Rights. It is China's turn as the rotating host of the...

Speculators were undeterred by the threat of BOJ intervention. In the CFTC reporting period ending April 12, speculators boosted their net and gross long yen positions to new record highs. The bulls...

The US economy has seen a sometimes sluggish, but steady recovery from the depths of the Great Recession. Thankfully, as credit becomes more readily available, consumer spending should continue to...

Forex News and EventsChina’s economy stabilise in the first quarter (by Arnaud Masset) From our standpoint the latest batch of economic data from China was rather encouraging as it proved that...

Scott Sumner warns that predicting the next recession is a mug’s game. The dismal record on forecasting certainly offers support. “Whenever I hear that someone has accurately predicted a...

China's slew of economic data lends credence to ideas that the world's second-largest economy may be stabilizing. However, the data failed to have a wider impact on the global capital markets,...

Bank of England at their most politicalOn balance yesterday’s Bank of England meeting was never going to set markets alight coming a month before a Quarterly Inflation Report and 12 weeks before...

No major economic data out of Europe today and no rating reports on EU sovereign bonds tonight.Focus will be on a string of US economic data. We will be looking at the industrial production data and...

Chinese activity data today clearly confirms that the Chinese economy is recovering. This was signalled by the sharp rise in PMI for March and is now confirmed in investment and industrial production...

More QE or not - that's the question (for the Riksbank's April meeting).Gravitating import prices. The FSA and Riksbank - on different planets? To read the entire report Please click on the pdf File...

Asian markets are steady as a batch of economic data from China affirmed the view that economy there is stabilizing. Q1 GDP growth slowed to 6.7% yoy, down from prior quarter's 6.8% yoy, meeting...

Currencies EUR/USD: The pair is trading below its downward trend line on a 4 hour time frame. The next support is near the 1.1141 level and the resistance is at 1.1495. USD/JPY: The pair has...

The Canadian dollar retraced on Thursday as energy prices traded lower ahead of the Doha oil output freeze summit over the weekend. Yesterday the Bank of Canada (BoC) held rates unchanged at 0.50...