Market Overview

On June 23, Britain will vote on whether to leave the European Union.For those like me, brought up in Britain and now past middle age, it’s an exciting moment. A chance to redo the referendum...

Caution is the word which is engraved on the trader’s dashboard today and we expect nothing more than consolidation in the equity market today ahead of the US non farm payroll data- a number...

This afternoon at 1:30 pm London time the Bureau of Labour and Statistics publishes its latest monthly Non-Farm Employment Change data.This publication is part of the Jobs Report that also includes...

US stocks extended rally overnight as focus is turning to employment data. DJIA closed up 44.58 pts, or 0.26%, at 16943.9. S&P 500 closed up 6.95 pts, or 0.35% at 1993.4. Meanwhile, the rebound in...

Today focus will be on the US labour market report for February. We expect non-farm payrolls increased 160,000, below consensus of 195,000. Our forecast for employment growth is still faster than the...

In recent weeks, Swedish government bonds have underperformed versus Germany, swaps and mortgages. Nevertheless, we keep our long position in five-year government bonds ASW, at least until after the...

The US nonfarm payrolls are due on Friday and the consensus is that the US economy has added a balanced 195’000 nonfarm jobs over the last month versus a sub-standard performance of 151,000 in...

"He who trims himself to suit everyone will soon whittle himself away." ~Raymond HullThe Fed is stuck in between a hard place and a grenade, and given this option, they will choose the hard place, as...

“GBP Services PMI (52.7 v 55.1 expected)”Despite a weaker than expected UK Services PMI reading, GBP/USD printed a fourth consecutive bullish daily candle. We haven’t seen cable go...

It was less than a decade ago that a massive housing bubble, driven equally by greedy bankers and speculators, set the stage for what was to become the worst financial crisis in history. How quickly...

Rounding out the dismal services PMI reports that came out today, the J.P.Morgan Global Services PMI, shows the growth of global services activity hit a 40-month low in February. J.P.Morgan Global...

This probably qualifies more as a “market tidbit” than as a tradable idea, but I found it interesting so decided to pass it along.Figure 1 displays historical gold prices for the past 100...

The Australian dollar continues to post gains on Thursday, as AUD/USD trades at 0.7330 early in the North American session. On the release front, Australia’s trade deficit narrowed to A$2.94...

Canadian Prime Minister Justin Trudeau is urging global leaders to rely more on government spending and less on monetary policy to spur growth as he prepares a budget that will push his country into...