Market Overview

The Personal Income and Outlays report for April was published this morning by the Bureau of Economic Analysis. The latest Headline PCE price index year-over-year (YoY) rate is 0.12%, down from 0.30%...

Note: This commentary has been updated to include the Real Personal Income Less Transfer Receipts for April. Official recession calls are the responsibility of the NBER Business Cycle Dating...

Today the Institute for Supply Management published its monthly Manufacturing Report for May. The latest headline PMI was 52.8 percent, an increase of 1.3% from the previous month and slightly above...

With the release of today's report on April Personal Incomes and Outlays, we can now take a closer look at "Real" Disposable Personal Income Per Capita.The first chart shows both the nominal per...

Note: The charts below have been updated with the latest Personal Consumption Expenditures price index from the Bureau of Economic Analysis. The annualized rate of change is calculated to two decimal...

The US economy may not be booming, but it certainly isn’t doing as badly as suggested by the 0.7% (saar) drop in real GDP during Q1. By now, everyone is aware of the “residual...

Let us all grab the reins on the dollar. Yes, it is true: the buck is up some 25% from a year ago, and at the highest level in more than a decade. After retracing recently, the dollar index has been...

The Occupy Hong Kong Movement was sparked by Beijing's announcement of rules for the popular selection of Hong Kong's Chief Executive in 2017. Essentially Beijing would appoint a 1200-person...

Forex News and Events This morning, European equities are stabilising - trading even higher - on Greek hopes after Friday’s sharp sell-off and despite significant progress in ongoing talks....

Daily BriefingCurrencies EUR/USD: The pair trading below its downward trend line on a 30 minute time frame. The next resistance is at 1.1326 and the support is at 1.0817. USD/JPY: The pair is...

While on vacation last week, I was quickly stopped out of my remaining positions, all on the Tuesday. I was therefore placed back into 100% cash, and I was able to enjoy some peace and tranquility,...

Gross domestic product (GDP) is down, but gross domestic income (GDI) is up. One hints at the possibility of a recession for the US while the other still points to growth, albeit at a lesser pace than...

Investors ceased to cover EUR shorts and started to add USD longs again in the week to 26 May, thus ending the move seen from late April to early May when speculators appeared to shred the short...

EUR/USDCurrent level - 1.0946 There is a minor reversal of the uptrend from 1.0816 and the outlook here is already negative, for a slide towards 1.0784. Trigger on the downside is...