Market Overview

Quite a surprise in terms of Japanese GDP this morning.Real gross domestic product (GDP) for the January-March period expanded an annualized 1.7 percent, against expectations in a Reuters poll for a...

Jeff Snider wrote a fascinating post on the yield curve and its usefulness as an economic indicator. Many have suggested recently that we won’t see a recession without first seeing the yield...

The US dollar is rising against all the major currencies today. The Australian dollar is retracing a sufficient part of its recent gains to suggest that the current phase of the US dollar's recovery...

If you’re looking for a short but masterful overview of the course of economic thought, Heinz Kurz’s book, translated from the German by Jeremiah Riemer (Columbia University Press, 2016),...

NZD/USD Today’s support: - 0.7796 and 0.7783 (main), where correction is possible. Break would give 0.7762, where correction also may be. Then follows 0.7743. Break of the latter would result in...

The immediate answer involves the ECB which steers market rates by setting policy rates or by buying assets on financial markets. But the determination of interest rates is not arbitrary: it depends...

The release of the minutes from the April FOMC meeting is likely to get the most attention today as the calendar is thin. The minutes are to likely to show that the FOMC members had a rich discussion...

Economists expect higher claims for jobless benefits in the UK in April Some UK firms are leaving investments on hold due to Brexit uncertainty Watch for mild deflation in revised data for Eurozone...

Since the beginning of the year, the greenback has shown it's not almighty after all; and gold—the barbarous relic as some have called it—may be en vogue again? Where are we going from...

The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for April new residential housing starts. Revisions were made back to January of 2014.The...

The Bureau of Labor Statistics released the April CPI data Tuesday morning. The year-over-year nonseasonally adjusted Headline CPI came in at 1.13%, up from 0.85% the previous month. Year-over-year...

The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for April new residential building permits. Revisions were made back to January of 2014.The...

Here are a few of the charts that currently have my attention:1) The Canadian DollarThe CAD usually trends with commodity prices, so the owners of commodity-related investments should view the...

Note: With the release of Tuesday morning's Consumer Price Index, we've updated this commentary to include the Real Retail Sales data for April.Official recession calls are the responsibility of the...