Market Overview

CurrenciesEUR/USD: The pair is trading in a descending triangle pattern on a 4 hour time frame. The next resistance is at 1.146 and the support is at 1.1024. USD/JPY: The pair is trading in a...

Growth in Britain’s construction sector hit its fastest pace in six months in September, boosted by stronger house building and higher levels of hiring, a survey showed on Friday.The CIPS/Markit...

Capital outflows from emerging markets are on track to exceed inflows this year for the first time since 1988 amid concern that a slowdown in China, a currency selloff and higher interest rates in the...

US stocks were mixed on Thursday as concerns over global economic growth weighed on market sentiment. The dollar weakened with the ICE US Dollar index closing down 0.2%. S&P 500 was up 0.2% while...

It is once again upon us, the once a month Friday Job Report. The significance of today’s jobs numbers is great with the United States Federal Reserve due to give us their interest rate decision...

The monthly US employment report is the key to the remainder of the session. Market participants appear to generally accept several things about the report. First that the August time series, as...

We estimate that EM central banks sold USD 143bn worth of reserves in August, making it the largest fall in EM FX reserves on record. China accounted for USD 106bn of the USD 143bn.Over the coming...

It’s time to turn our backs on China and embrace Mexico by replacing any exposure to the former in your emerging-market (EM) portfolio with positions tied to the latter.The EM sector has been a...

US Futures are trading higher as investors will be scrutinizing the US NFP data on every angle as the Fed rate hike decision very much reside on this mandate. Given that we have a weakness in the...

Making It UpThe global slowdown in manufacturing continued yesterday with poor measures in Asia, Europe and the United States highlighting the uncertainty around the foundations of this recovery. The...

EUR/USDToday’s support: -1.1173(main), where correction is possible. Break would give 1.1160, where correction also may be. Then follows 1.1132. Break of the latter would result in 1.1115. If a...

Market Movers Today's key event is the US non-farm payroll report (see US labour market monitor: slower job growth not an obstacle for the Fed ). Over the past three months, the US economy has added,...

The US manufacturing ISM for September declined to 50.2 from 51.1 versus 50.6 expected. New orders took another dive to 50.1 from 51.7. Customer inventories, which is our preferred measure in the...

We see several signs of higher risk aversion among savers and investors. Money is being taken out of funds with more risky assets and re-allocated to safer alternatives like money market funds and...