Market Overview

Despite a slow start to the month, the major domestic indices have recovered in kind and now sit in the middle of their consolidation range. In this video, I look at areas of the market that are...

On Thursday morning the American Association of Individual Investors released its Sentiment Survey showing a 3.1 percentage point decline in bullish sentiment to 24.8%. The bullish sentiment reading...

U.S. Federal Reserve needs additional evidenceTo no great surprise, the U.S. Federal Reserve (Fed) left its key rate unchanged yesterday, while taking care to reiterate that it will have to increase...

It’s a new day, but more of the same: everything is green. The “soothing” (as ZH put it) Fed has put the world at ease, and everything is being bid up.I would point out something...

FDAX:In the hourly chart we can see two opposing, relevant trends, whereby the small trend is facing downwards and the two large ones are running upwards. As expected, the gap from last Friday was...

As expected, NorgesBank (NB) this morning left the sight deposit rate unchanged at 0.50% .The revised rate path suggests a 40% probability of a later rate cut , which was very close to our...

The Federal Reserve left interest rates unchanged yesterday, which Janet Yellen insisted wasn’t because the central bank is downgrading its outlook on the economy. Quite the contrary, Fed Chair...

EUR/CADThursday’s support: - 1.4603 and 1.4580 (main), where correction is possible. Break would give 1.4552, where correction also may be. Then follows 1.4531. Break of the latter would result...

Fed pivot to DecemberLast night’s Fed meeting went pretty much as the market expected with the dollar slipping a tad in the aftermath. Overall if the mission was to ensure the market will keep...

Market movers todayWe expect an unchanged key rate at the MPC meeting at Norges Bank today. In June, Norges Bank indicated an almost 100% probability of a cut in September but the risk outlook has...

The FOMC maintained the Fed funds target rate at 0.25%-0.50%, in line with consensus and market pricing, although a few analysts called for a rate hike. Looking at the rate decision, there were three...

Buy SGB1059 in an ASW spread @ -48bp. P/L: -60bp/-39bp. 3M Carry+roll down = -0.1 + 0.4 = +0.3bp.We have witnessed a rebound in the 10y ASW spread and are off the widest levels (-58bp) by some 10bp....

Dollar weakened overnight while stocks rebounded after Fed kept interest rate unchanged as widely expected. The target rate was held between 0.25% and 0.50% but Kansas City Fed President Esther...

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