Market Overview

One of our favorite themes in 2016 has been reversion to the mean, and one of our favorite reversion-to-the-mean themes has been Brazil. We began to turn positive on Brazil in October of last year,...

Earlier Thursday the Census Bureau posted the Advance Report on the latest Durable Goods New Orders. This series dates from 1992 and is not adjusted for either population growth or inflation.Let's now...

The Kansas City Fed Manufacturing Survey business conditions indicator measures activity in the following states: Colorado, Kansas, Nebraska, Oklahoma, Wyoming, western Missouri, and northern New...

Here is the opening statement from the Department of Labor: In the week ending August 20, the advance figure for seasonally adjusted initial claims was 261,000, a decrease of 1,000 from the previous...

The Advance Report on Manufacturers’ Shipments, Inventories and Orders released today gives us a first look at the latest durable goods numbers. Here is the Bureau's summary on new orders: New...

Ahead of the advance (first) report of 2nd quarter GDP, Markit Chief economist Chris Williamson estimated second quarter at 1.0%.The reported result was 1.1% and it’s likely to be downgraded...

Following Wednesday's existing home sales report, the Atlanta Fed GDP Now Model forecast for third quarter GDP fell 0.2 percentage points to 3.4%.We will not see the BEA’s first estimate for...

Senior Market Analyst Craig Erlam talks about how markets are trading ahead of Friday’s Jackson Hole event and discusses Thursday’s data releases. Original Post

Currencies “on hold”Yesterday was an unusual trading session for the USD/CAD pair. West Texas Intermediate (WTI) oil lost 3% on the release of weekly EIA inventories and the USD/CAD rate...

Forex News and EventsCentral bank credibility at stake Should we really expect something big to come from tomorrow’s Jackson Hole Policy Symposium? The Fed will, as usual, provide hawkish...

US economic growth continues to rebound after a soft patch in the first half of the year. Supported by stronger job growth in June and July, the firmer trend in the actual data follows projections...

After the release of first post-BREXIT data on Friday morning which proved to be worse than predicted, British Pound has declined from best monthly levels. Friday’s July PMIs reveal that the...

In the absence of news or economic data, investors remain in standby mode on Thursday ahead of tomorrow’s speech from Janet Yellen at Jackson Hole.The US session shouldn’t be quite as...

The Jackson Hole Symposium begins today with market participants curious to see if any indication on a September or even December hike in rates is on the cards. Will the momentum remain with the...