Market Overview

The softer pace of economic growth in Germany and the implications for the future are in focus today with the monthly update of the Gfk Consumer Climate Index. Later, the US economy moves to the fore...

I noticed Noah Smith and John Authers on Twitter) discussing how great the Efficient Market Hypothesis is because it explains why indexing works. I responded saying that the EMH really has nothing to...

The S&P 500 Index is down 1% today and much of the television media represent this as a market "plunge". A representative headline on CNBC notes: "Stocks close 1% lower as Dow plunges triple...

France was in a bind.In the early 1700s, the country had run up astronomical debts from endless wars with the British. They needed money… desperately. So, John Law — the first central...

By now, we all know the story of China's troubles. China achieved its stunning growth through a combination of the adroit utilization of cheap surplus labor and financial repression, which financed...

Overall it was a good day yesterday, basically dollar bullish as expected and reflected in all dollar-currency pairs. It was only EUR/JPY that spoiled the party. After having analysed the range of...

The Latest Conference Board Consumer Confidence Index was released this morning based on data collected through May 15. The headline number of 95.4 was a small increase from the revised April final...

Bank of Canada Key Rate Decision at 10 a.m.North-American markets had a difficult day yesterday, because positive economic indicators increase the likelihood that the U.S. Federal Reserve will tighten...

We all know the difference between reality and wishful thinking. Many of us know just how quickly the jaws of reality can crush the life out of unicorn and fairytale stories when fiction is used to...

Today the Richmond Fed Manufacturing Composite Index squeaked back above the flatline with a 4 point increase to 1 from last month's -3. Investing.com had forecast a rise to 0. Because of the highly...

In the United States, corporate financing relies essentially on the financial markets. In the eurozone, in contrast, bank lending predominates. The main challenge for the European public authorities...

Well that didn’t take too long. In Friday’s Week Ahead report, we highlighted the big breakout above 120.50 in USD/JPY, noting that the breakout “could carry over into this...

While waiting for the Bank of Canada’s Key Rate Decision tomorrow, many economic indicators of note will be released today in the United States. We will be monitoring Durable Goods Orders at...

Forex News and EventsFed’s officials are being hawkish regarding the first rate hike, increasing the odds of gradual tightening starting as soon as this year, supported by the latest CPI figures...