Market Overview

The labour market strength held in October Above par job creations Unemployment rate below 5% Next Tuesday, Americans vote to decide who will be their next President. They also will vote for a...

The US economic slowdown is getting confirmed, with not so encouraging prospects ahead. This raises the question of whether it is really the right time to tighten monetary policy again, and of the...

The slowdown in China's economic growth has paused since the second quarter of 2016 thanks to stimulus policy measures. The stabilisation in industrial production growth, the upturn in the real...

Bradley C. Birkenfeld was, in the words of CNBC, “the most significant financial whistle-blower of all time.” In Lucifer’s Banker: The Untold Story of How I Destroyed Swiss Bank...

Using technical jargon, the employment numbers and business sales are seriously out of whack. Sales are in contraction and employment is in expansion - an event usually associated with...

Market movers ahead In the US next week, the main event is the US election day on Tuesday. As we write in our US election monitor: It's not over until the fat lady sings, 4 November 2016, the recent...

We expect EUR/USD to rise to 1.13-1.14 if Trump wins the US election. A Clinton win would trigger a fall in EUR/USD to 1.0950.In our view, a Trump win would lead to a kneejerk 15-20bp fall in 10Y UST,...

They say that history doesn't repeat itself, but it rhymes. I've never heard it rhyme, but I've sure seen it repeat itself many times.For example, they say that devaluing a nation’s currency...

All courses of action are risky, so prudence is not in avoiding danger (it’s impossible), but calculating risk and acting decisively. Make mistakes of ambition and not mistakes of sloth....

The Chicago Cubs erased 108 years of excruciating losses with an exciting 8-7 win over the Cleveland Indians in Game 7 of the 2016 World Series on Wednesday night. Hats off to the Cubs, who erased a...

From a market perspective, the outcome for this week's election is similar to the brexit vote in United Kingdom earlier this year. That is, a binary event where one extreme outcome is likely to...

Throughout the 1990’s, calculated productivity in the US skyrocketed in what was taken then as a sign of monetary and economic genius, the “maestro” as it was. By the incomplete...

We look at the funding currencies for the risk on versus risk off mode of evaluating financial market capital flows from an investing standpoint. You are swimming upstream in a Carry Unwinding Mode...

An often over-quoted saying is “The stock market hates uncertainty.” However, the wealthiest investor of all-time has a different perspective about uncertainty:“The future is never...