Market Overview

The two most important events for today are the OPEC meeting and the US NFP data. Both events command extreme importance and if volatility is the name of your game, then today’s trading session...

“There are many ways of calculating purchasing power by means of index numbers, and every single one of them is right, from certain tenable points of view; but every single one of them is also...

Mario Draghi, was that Doing Whatever it Takes?: Mario Draghi and the European Central Bank rocked markets to the core overnight, with cuts and stimulus that nowhere near met market expectations.By...

Each month one or two high-profile government reports show the US is growing, adding jobs and generally recovering from the Great Recession. But it’s not clear how that can be, when the part of...

The hype around the coming Non-Farm Payroll (NFP) result just got more intense following the disappointing ECB meeting and the markets stark reaction. Subsequently, the question remains, will the NFP...

Knowing when the U.S. Economy is heading for recession is paramount for successful investment decisions. Our weekly Business Cycle Index (BCI) would have provided early reliably warnings for the past...

For understandable reasons, I woke up this morning even more anxious than usual, thanks to Mario Draghi and the threat of more “extraordinarily easing” measures. As I’m typing this,...

ECB’s Failure to Communicate Raises Focus on US JobsThe anticipation for the biggest indicator in the forex market just got more intense. The European Central Bank (ECB) had put out a very...

In a speech today, Riksbank deputy governor Per Jansson discussed possible adjustments of the policy framework for monetary policy. He more or less rejected any major changes of the current framework,...

After today, the payroll report seems like child's playThe thing about tables is, they ALWAYS turn; the same can be said of market trends. Just as I was preparing to type the sentence, "In my decade+...

Is the U.S. economy on solid footing? Federal Reserve Chairwoman Janet Yellen seems to think so. In particular, Yellen expressed confidence in household spending as well as job growth during prepared...

The November Nonfarm Payroll report crosses Friday at 8:30 EST (13:30 GMT) with expectations centered on a headline print of 201k after last month’s blowout 271k reading. My model suggests that...

As the manufacturing recession becomes more and more unassailable (and I mean that in more than one way), the fact that it still shows no end or let up suggests still greater difficulty beyond...

Yesterday, we asked whether Saint Draghi would bring a shiny new present or a lump of coal to expectant EUR/USD bears. Today we learned that the bears must have been much naughtier than they had...