Market Overview

The FOMC message is that it is still on course for hiking rates later this year. The Fed previously told us it would taper, and it did. It told us that there would be a "considerable period between...

Heading into today’s highly-anticipated FOMC meeting, we highlighted three major areas of focus in our preview report. With 2.5 of the key elements now revealed, the message is thoroughly...

While investors seem laser focused on Greece, they may want to keep a close eye on what's taking place in Germany, London and France.Below we see the DAX index over the past 15-years. The German...

The U.S. real estate market is on solid ground! At least that's what data released yesterday show on the whole, especially given that the monthly rise of 11.8% in the number of building permits augurs...

Fundamentally we look for EUR/USD to head lower& The US growth outlook has improved markedly in recent weeks (cf. surprise indices) Fed on track for a September hike and fixed income markets have...

Average weekly earnings excluding bonuses (three-month average) increased to 2.7% y/y in April from 2.3% in March (which was revised up from 2.2%) and thus wage growth is at its highest level since...

The UK's average weekly earnings report today has excited the market. Sterling rallied strongly, and investors expect the BOE to lift rates a bit earlier than prior to the report (June 2016 rather...

Concerns over the possibility of Greece leaving the euro have escalated. After negotiations collapsed over the weekend, Greek Prime Minister Alexis Tsipras has addressed lawmakers yesterday with a...

This afternoon the Fed will release the FOMC Minutes for its May meeting followed by Chair Yellen's press conference. In advance of the Fed information, let's take a quick look at a couple of items in...

Is it September?The Federal Open Market Committee meeting draws to a conclusion this evening and the question on the lips of virtually everyone who trades will focus on whether the US Federal Reserve...

I'd like to start with an update on the US housing market. Yesterday's Daily Shot showed that homebuilders have turned more optimistic. Given the recent weakness in construction spending, some have...

Market on the fence for timing of Fed rate lift off Fed expected to deliver a more guarded statement BoE Hawkish statement supports cable Fixed income dealers price in BoE rate lift off in H1,...

Several economic reports in recent weeks have raised questions about the strength and durability of US growth for the near-term future, but a broad review of the numbers through May still suggest that...

It was supposed to be all about the Federal Reserve today, but the strong UK weekly earnings data has sent sterling to four-week highs and brought forward market-based measures of the BOE's first rate...