Market Overview

Boring. Drab. Dreary. Dull. Lacklustre. Lifeless. Slow. Sluggish. Tedious. Trapped. Wearisome.I think you get the drift.It also makes life difficult trying to provide some useful information that will...

Summary: Overall, fund managers' asset allocations in June provide a confused view.On the one hand, fund managers raised cash to a 6-month high and reduced their global equity exposure to an 8-month...

Data returns front and centre this week in Canada. Two reports will most likely capture the market’s attention: the May inflation report and April retail sales. First, the market expects a...

Even though the major stock market averages are flat for the first six months of the year, by nearly every measure the stock market is still extremely overvalued. This point is not lost on Ms. Yellen...

As for the gravest sin of the QE era, in the fiscal year 2015, the U.S. government paid 1.8 percent on public debt. One would be hard pressed to identify any other debtor whose borrowing costs...

IntroductionThe IMF has changed its position on what Greece should do several times since engaging with the powerful EU countries lead by Germany (hereafter referred to as “EU”) to save...

Agreement Of China – Egypt For Projects Of $10 BillionEgypt has signed an initial agreement with China for 15 major projects worth about $10 billion, according to the Egyptian Trade Minister...

As expected, deflation in the UK proved temporary, with inflation increasing to 0.1% y/y in May from -0.1% y/y in April (Danske Bank: 0.1% y/y, consensus 0.1% y/y). Core inflation increased to 0.9%...

Is the US on the cusp of a new recession? The latest numbers on industrial production suggest that business-cycle risk is rising. Why, then, don’t we see confirming signals from other key...

Despite a fairly busy macro calendar today, investor focus remains trained on Greece. Crisis fatigue has gone from acute to chronic at this point, and even the contagion factor is beginning to rear...

The US dollar has come back better bid after initially extending yesterday's pullback. The euro pushed to $1.1330 after having dipped briefly below $1.1200 yesterday. However, despite what appears to...

The childish behavior continues on both sides as each party is blaming the other side for their unreasonable demands and their reluctance to not to give up. This what we call a Greek saga, which has...

Forex News and EventsRBA releases its minutes Overnight, the Reserve Bank of Australia (RBA) released the minutes from its June 2 meeting. The Bank reiterated that the Australian dollar was still...

The Finnish economy remains lacklustre, trailing most euro area economies. However, growth in export markets looks set to boost exports, and domestic demand has been more resilient than we had...