Market Overview

We felt strongly that the FOMC minutes would be more hawkish than the statement that followed the meeting, and we were not disappointed. However, our caveat remains: the minutes dilute the signal that...

The third largest economy surpassed the expected growth in the first quarter of 2016 after strong private consumption and upbeat export data, in contrast with the upcoming decision of Prime Minister...

Like our resident market P.I. John Del Vecchio, Kyle Bass is one of those hedge fund managers who profited in the last crash when he bought credit default swaps to short the housing market.He’s...

The markets were trading higher until the release of the FOMC minutes from the last meeting. SPX traded up to $2061 before the release, plummeted to $2034 after the release and then recovered to close...

The last two days of trading have been quite the head-scratcher. Yesterday we sold off on news that there would be an increased chance of further rate hikes this year; today, prior to the FOMC Minutes...

This has been a very tense week. The persistent tug-of-war between good (the bears) and evil (the bulls) has been worse than ever, with neither side gaining a toehold. Today, however, helped the...

The bulls and bears are in stalemate. Whenever the S&P 500 index starts to approach recent highs, the bears pull it back. For example, look at the SPX chart for April 20th. Intraday, SPX hit the...

The ridiculous up/down/up/down/up/down we’ve been living with in this market for, what, the past 18 months or so has been maddening. Will it end any time soon? I suppose it’s possible, but...

EUR/NOK. We expect EUR/NOK to trade around current levels in the coming month with the very short-term risks skewed to the upside. We maintain the view that fundamentals limit the medium-term downside...

A trader told me Tuesday to throw out all my research and indicators because they just don't work anymore. He said everything is controlled by the PPT and the global central banks. He went on to say...

US stock market ended lower on Tuesday erasing previous day’s gains as higher inflation reading spurred concerns the Federal Reserve may hike interest rates in June. The dollar was little...

On Thursday, we have tap auctions in SGBi31112 (1 June 2026) and SGBi3111 (1 June 2032) - SEK700 in the shorter one (SGBi3112) and SEK300m in the other. On Friday and Monday next week, the Swedish...

CurrenciesEUR/USD – moved down due to the improved sentiment in the USD and the rising expectation that we might see a higher interest rate after all in the US. We will be waiting to see what...

Forex News and EventsQ1 Japan GDP rebounds First quarter Japan’s GDP has printed in above expectations at 0.4% q/q with markets only expecting a slight increase at 0.1% q/q. The rebound in...