Market Overview

Political crisis highlights economic vulnerabilityThe impact of the Saudi and Emirati embargo against Qatar will depend on the length of the crisis and on the intensity of the sanctions. Economic...

Summary: The macro data from the past month continues to mostly point to positive growth. On balance, the evidence suggests the imminent onset of a recession is unlikely.The bond market agrees with...

The US dollar has begun the new week on a firm note, but the decline in yields limits the gains. The US 10-year yield is pulling back from the 2.40% area, which is it not been able to sustain gains...

US Core Retail Sales is a high impact tradable release but since it is scheduled to be released with the Core CPI, market will undoubtedly look at both releases and since CPI is directly monitored by...

US Core CPI is expected to rise only around the 0.1% this month but since the Fed has already hiked rates and isn’t planning to hike rates back to back, I believe the market could be a bit more...

CA BOC Interest Rate today is widely expected to be a hike. With BOC Governor Poloz almost confirming a rate hike during recent press appearance, market is likely to BUY ahead of the release and...

On Friday, the US Bureau of Labor Statistics published a rather upbeat report on the labor market. In June, 222,000 jobs were created in the non-agricultural sector of the country. Market expectations...

Global equity markets started the week on a positive note.Copper (+0.13%), zinc (+0.63%) and steel bar (+2.18%) traded higher in Asia, as the cooler Chinese inflation eased expectations of a further...

Yellen is likely to express her hawkish opinion later this week. Long USD/JPY?U.S. jobs data in June suggests its economy remains solid after Fed hiked rates for the third time in past seven months...

Summary The Dollar traded in a volatile environment and with bearish outlook after the mixed NFP release. Gold slipped below a range on its H1 chart after the NFP release and to a new low from 9,...

NZD/CADToday’s support: - 0.9347 (main), where correction is possible. Break would give 0.9338, where correction also may be. Then follows 0.9315. Break of the latter would result 0.9287. If a...

US jobs report gets a B+Friday’s US jobs report was (as is often the case) a mixed bag. The headline firmly beat expectations, with 222,000 jobs added in June and both May and April’s...

Debt-dependent consumption in a world in which wages stagnate for the bottom 90% and energy costs increase as demand outstrips supply is a system with only one possible end-point: collapse.Even though...

FTSE +30 points at 7380DAX +66 points at 12454 CAC +21 points at 5166 Euro Stoxx +15 points at 3478 Asian equities started the week on a positive note. Copper (+0.13%), zinc (+0.63%) and steel...