Market Overview

What do pilots in Paris have in common with doctors in London? They’re part of a rising tide of middle-class activism that’s sweeping across Europe as austerity measures start to cut the...

Commodities prices are weighing on the Canadian economy. For the two first quarters, GDP shrank 0.8% q/q and 0.5% respectively. However, the Canadian economy expanded 0.3% in July. In our view this...

US economic risk has eased in recent days, according to a markets-based estimate of macro conditions. The Macro-Markets Risk Index (MMRI) closed at +3.9% yesterday (Oct. 8) after slipping into mildly...

U.S. futures were looking a little mixed ahead of the opening bell on Friday after ending the session strongly on Thursday following the release of last month’s FOMC minutes.The minutes...

I pointed out that negative interest rates should lead to a general shift in consumer preferences from money toward essential goods. Central bankers may wish for this outcome on a controlled basis to...

The Fed minutes released overnight seemed to cement investor expectations for the Fed to delay their first rate rise until 2016. As the probability of a December Fed rate hike fell to 38.8%, the USD...

Market Drivers October 9, 2015 Euro hits three month highs UK Trade data misses Nikkei 1.64% Europe 0.54% Oil $50/bbl Gold $1150/oz Europe and Asia:GBP UK Trade Balance -11.1B vs. 10.0B North...

The US dollar is on its back foot. It was already sporting a softer bias and the FOMC minutes were read with a dovish twist. A Wall Street Journal poll found 64% of economists expect a hike in...

The Federal Reserve moved away from raising U.S. interest rates, helping Asian shares rally. The latest minutes from the Federal Reserve’s Federal Open Market Committee (FOMC) have revealed the...

The EUR/TRY pair is trading below its downward trend line on a 4 hour time frame. The price is trading in minor support zone which is mentioned below. It certainly has the odds on its side with...

European markets are starting the day in a strong upward momentum which is filtered from the US and Asian trading session. There are a number of factors which are pushing the markets higher. Firstly,...

Market Movers It's a very thin calendar today with only tier-2 data. French industrial production is expected to rebound 0.6% m/m in August after a big drop in July of 0.8% m/m. This afternoon, US...

The BoE kept its bank rate unchanged at 0.50% (another 8-1 split vote) as expected.The minutes were slightly dovish as the MPC now anticipates that inflation will stay below 1% until spring 2016 due...

Dollar stays soft as the markets perceived the tone of the FOMC minutes released overnight pointed to risk of further delay in rate hike. In particular, the minutes noted that "participants...