Market Overview

• Carney may be questioned on Brexit risks BoE Governor Carney will testify to parliament today on monetary policy and the outlook of the UK economy. Following the latest developments on the...

This morning 9:00 AM London time Ifo Institute for Economic Research will release the German Ifo Business Climate numbers.This report is released on a monthly basis and some three weeks into the...

I wrote last week about the OECD’s sudden alarm over global growth “flatlining” but I think it important and relevant to further emphasize why. If you go back only to June last year,...

Germany’s economy is under review in today’s macro updates, including the February release of the Ifo’s survey numbers that track business sentiment. (We’ll also see revised Q4...

Did you know that there are some U.S. states that have already officially fallen into recession? Economic activity all over the planet is in the process of slowing down, and there are some areas of...

Brexit Odds:Cable closed down nearly 2% to open the week, printing the pair’s worst daily performance since as far back as 2010. With Moody’s indicating a ratings downgrade would be on the...

"Index shows economic growth picked up in January." This is the headline for today's release of the Chicago Fed's National Activity Index, and here are the opening paragraphs from the report: Led by...

The US dollar has begun the week with a strong advance against sterling and the euro. Sterling's drop—the most in several years—is not a function of macroeconomic policy. It is a function...

This week the G10 FX Financial Scorecard recommends buying CHF, GBP and EUR while selling JPY, NOK and SEK.Last week's signals resulted in a 0.75% loss. In particular, the long GBP and short JPY...

Once again last week the news was full of rumours and speculation about meetings between the oil ministers of OPEC countries and non-member countries. As the week began, word emerged that the Saudi...

A EU-UK deal has been reached and the UK is due to hold an EU in/out referendum on 23 June.Our main scenario is that UK remains in the EU. However, the opinion polls indicate it is a close race and we...

Stocks have struggled during the first half of election years. The DJIA has bottomed in May of election years, on average, but the timing has become linked to when the winner has been clear. For...

US stocks remained almost unchanged last week. The January inflation rose more than expected being 1.4% year on year. The core consumer price index (excluding energy and food) showed the record growth...

An EU-UK deal has been reached.The UK's EU in/out referendum is set to be held in June (23 June). Our main scenario is that the UK remains in the EU. However, opinion polls indicate it is a close race...