Market Overview

In a bid to significantly boost ad revenues, Twitter (NYSE:TWTR) joined forces with online search giant Google (NASDAQ:GOOGL). As stated in Google’s blog post, the companies have signed a deal...

Looking at the upcoming Thursday session, the one announcement that we are paying the most attention to is the Initial Jobless Claims numbers coming out of the United States. With that being the case,...

The minutes from the April FOMC meeting show that the committee is having discussions on several important topics currently and that firm conclusions have so far not been reached. These include...

We saw tighter spreads in the European high yield market. The 5Y iTraxx Crossover tightened marginally. In very thin secondary trading the Nordic HY cash market (measured by our Nordic HY index) ended...

Talking Points:US Dollar Extends Recovery for Fourth Consecutive Day S&P 500 Digesting Gains After Setting New Record High Gold, Crude Oil Prices Stall After Suffering Large Losses US DOLLAR...

Thursday is a busy day for economic releases, including several preliminary estimates of purchasing managers' indices (PMIs) for May on both sides of the Atlantic. Among the highlights: flash data for...

Someone sent me an email this evening with some details on the Paul Krugman response to James Montier which I discussed here. I had previously stated that the Krugman response was lacking meat. But...

Tomorrow is the busiest day of the week: Jobless Claims, Chicago Fed National Activity Index,PMI Manufacturing Index, Philadelphia Fed Business Outlook Survey, Existing Home Sales, Leading Indicators,...

The three-month average of the Chicago Fed National Activity Index (CFNAI) is expected to slip a bit deeper into negative territory in the April update that’s scheduled for tomorrow (May 21),...

Yesterday we reported separately on the latest residential building permits and housing starts in the government's report for April data, courtesy of the Census Bureau and the Department of Housing...

The Department of Transportation's Federal Highway Commission has released the latest report on Traffic Volume Trends, data through March."Travel on all roads and streets changed by 3.9% (9.8 billion...

Yesterday’s developments were predominantly as expected with precise hits in EUR/USD, USD/CHF and EUR/JPY while close in AUD/USD. It was just GBP/USD and USD/JPY that were a little off track....

Has the US dollar put in a final intermediate cycle bottom? The S&P 500's double failure to break out to new highs, and bearish engulfing candle is a high-alert signal of a possible intermediate...

FOMC Minutes:Along with the expected, neutral ‘data dependent’ rhetoric throughout the statement, the Fed also clearly signalled that they believe the US economy is stronger than what the...