Market Overview

While mobile payments have been off to a slow start in most of the Western world—even the rollout of EMV chip payments in the United States is far behind schedule—China has become the...

On a Monday with little in the way of news, pressure remained strong on the loonie, driving it down close to 0.5% in trading. Traders looking for a reason for the downturn have concluded that the...

Stock markets were vulnerable to downside shocks on Tuesday as investors lost appetite for risk ahead of the Trump-Xi summit this week. Asian shares have already discarded short term gains amid the...

US indices slip as soft data undermine market sentiment US stock market closed lower on Monday as auto sales fell to a nearly three year low. The dollar inched higher: the live dollar index data show...

Asian stocks edged lower after US equities slumped in yesterday’s session. The yen rose against the dollar for a third day in a row which hints at a decrease in investor’s appetite for...

Market euphoria has eased as traders digest the federal Reserve’s rate hike sentiment. While four rate hikes for 2017 has not been dispelled by Fed member Dudley, the dollar is behaving as if...

GBP/CADToday’s support: - 1.6672 and 1.6653 (main), where correction is possible. Break would give 1.6628, where correction also may be. Then follows 1.6605. Break of the latter would result...

French candidates set to debate tonightAhead of a debate of the candidates in the French election tonight both the yen and the Swiss franc have been bought overnight as investors look to protect...

FTSE +14 points at 7296DAX -6 points at 12,251 CAC +3 points at 5084 A mixed open is expected in European shares on Tuesday following yesterday's late sell-off. The Japanese yen and gold prices are...

Market movers today The calendar is relatively empty today with US core capital goods being the only US key number. However, the busy Fed week continues with Daniel K. Tarullo speaking. In...

We estimate non-farm payrolls increased by 160,000 in March, a bit below the consensus estimate of 175,000.We estimate the unemployment remained at 4.7% and average hourly earnings increased 0.2% m/m,...

The discrepancy between the ISM’s Report on Business and Markit’s Manufacturing PMI assessment of the economy widened today.Both reports agree that cost inflation is rising quickly despite...

The final motor vehicles numbers for March are now in.First Quarter GDP estimates will dive as sales were far below the lowest estimate. The Econoday consensus estimate was 14.4 million, seasonally...

The ISM came out with a rosy assessment of the economy today, noting 17 out of the 18 industries reported growth in March. New orders were up in 18 out of 18.Color me truly skeptical because the ISM...