Market Overview

Market BriefThe fact that Standards & Poor’s downgraded the UK's credit rating from AAA to AA with a negative outlook was not exactly a surprise especially after Moody’s reviewed...

The Brexit vote took everyone by surprise…everyone perhaps, including the citizens of Britain. Neither hedge fund managers nor English bookmakers predicted the outcome of the vote.Who really...

CurrenciesEUR/USD – is moving up and has almost corrected 38.2% of the drop in the aftermath of the Brexit vote. Overall we can say that the EUR has been performing a bit better than expected...

The Reserve Bank of Australia is so concerned about deflation that it did a study on why prices are so low despite a 33% collapse in the Australian dollar vs. the US dollar since June 2011.The RBA...

AUD/JPY Today’s support: - 74.92 and 74.66 (main), where correction is possible. Break would give 74.40, where correction also may be. Then follows 74.27. Break of the latter would result in...

It never rains, it poursI think the less said about the football the better but, in the past four days England has lost a Prime Minister, Shadow Cabinet, England team boss, £100bn off its major...

So, as we discussed above, if the new, post-Brexit U.K. allows open access to workers from the European Union — and not allowing open borders and easy employment for other Europeans was the...

Canada – In April, retail trade jumped a consensustopping 0.9% after the prior month’s growth figure was revised up from -1.0% to -0.8%. Sales advanced in 7 of the 11 subsectors, led by...

The implications of the Brexit vote continue to be the key focus in markets. An EU summit meeting takes place today and tomorrow, which should produce an overall reaction to the UK's decision ahead of...

Today, the so-called 1922 Committee of the Conservative Party announced that the nominations for a new leader should open on Wednesday (29 June) and close on Thursday (30 June) at noon. We should know...

It is extremely early of course to come to any firm conclusions. But our colleagues covering global markets have had the following initial thoughts:UK/BoE: The economy is likely to fall into recession...

This process of withdrawal into the relative safety of internally cohesive groups and group identities is intrinsically messy in globalized, multicultural societies. A great many narratives are...

It might be expected that monetary policy would fail to achieve its goal in attempting to manage the economy when it cannot even meet its own basic technical requirements. The main lever of Fed policy...

Not only did the British pound plunge in the wake of Brexit, so have UK interest rates.Traditional theory says central banks need to raise interest rates to stop a sinking currency. Russia is a good...