Market Overview

Talking Points:US Dollar Marking Time as Markets Await FOMC Outcome S&P 500 Attempts Recovery from 3-Month Uptrend Support Crude Oil Flat-Lining at Trend Support, Gold Range-Bound US DOLLAR...

With a nod to Thomas Friedman’s 2005 book, The World Is Flat, Daniel Lacalle and Diego Parrilla envisage a time when The Energy World Is Flat and explore, in the words of the book’s...

Sterling stays firm against other major currencies as markets await BoE meeting minutes. The minutes are expected to show unanimous vote for keeping bank rate unchanged at 0.50% and held the asset...

The iTraxx Crossover index stands at 328bp, some 13bp wider than a week ago. Spreads in the illiquid Nordic HY cash market widened by around 11bp over the week Possible Greek default/Grexit is...

Market Movers The main event is the FOMC meeting tonight. The updated 'dots' will attract a lot of attention and we believe that several members have lowered their expected path for the Fed funds...

Following the collapse of talks between Greece and its creditor institutions on Sunday, all eyes are on Greece over the next couple of weeks. The mass of media reports about developments in the...

Looking at the upcoming Thursday session, without a doubt the most important announcement will be the FOMC Statement coming out of the United States. While we do not anticipate any type of change to...

The crowd is increasingly focused on the possibility that Greece may default on its debt. Meantime, the UK will publish a new labour market report, followed by revised data on Eurozone inflation and...

Last week, I was in the US seeing hedge fund and real money clients. Below, we list key takeaways and how US investors' views differ from our owns. US investors were neutral/negative on bunds and...

We expect the SNB to keep its key policy rates unchanged at its June monetary policy meeting this week. Notably, with the EUR/CHF hovering around the 1.05 level, there is no immediate pressure on the...

DOW + 113 = 17,904S&P 500 + 11 = 2096NASDAQ + 25 = 505510-Year Yield – .04 = 2.32%Oil + .50 = 60.02Gold – 4.70 = 1182.50Silver – .06 = 16.11The Federal Reserve Federal Open...

On Monday, a report from the National Association of Home Builders showed that US homebuilders have turned rather optimistic again. Given the recent weakness in construction spending some have...

The Greek financial system is in the process of totally imploding, and the rest of Europe will soon follow. Neither the Greeks nor the Germans are willing to give in, and that means that there is very...

423,000 in November. 257,000 in January. 223,000 in April. 280,000 in May. Economists are acting like the new normal in monthly jobs growth is 200,000-plus. They’re celebrating a 5.5%...