Market Overview

Oil still skiddingThe whipsaw movements in oil markets are causing a bit of an existential crisis in currency markets, though Asian trade has seen the volatility calm overnight. Oil prices are higher,...

Market BriefIt was a relatively quiet session in Asia after the sharp movements on Tuesday as risk-off sentiment spread. The US dollar appreciated against EM and commodity currencies and lost ground...

• Crude oil price falls to a seven year low After crude oil peaked at almost $108/barrel in 2014, a massive increase in global production has led prices to currently trade at $40/barrel. The...

If something very strange happens and continues over an extended period, people get accustomed to it and come to view it as normal. That’s especially so when the strange set of circumstances is...

The German trade balance figures for October are published this morning. Focus will be on export growth, which rebounded somewhat in September after the August figure showed the largest monthly...

We continue to sharpen our focus on commodities – iron ore moved to US$38.65 a tonne, Brent crossed into the US$39 handle but closed at US$40.2 a barrel, WTI remained at US$37, while industrial...

Today’s foreign trade report for Germany will receive wide attention in anticipation of Eurozone GDP growth in this year’s final quarter. Later, we’ll see the weekly update on US...

The fact that there is almost universal recognition of a “manufacturing recession” not just here but spreading across the world is a significant change. After resisting and ignoring as...

The extreme carnage that we are witnessing in the junk bond market right now is one of the clearest signals yet that a major U.S. stock market crash is imminent. For those that are not familiar with...

If the American Dream depends on skyrocketing debt built on a weakening foundation of stagnant productivity and income, then it is indeed over. Despite a ceaseless propaganda campaign declaring all is...

The illiquid trading of December is already well in evidence – and we haven’t even reached the bad part yet. Once we are past the CPI report and the Fed meeting, there will be a few days...

Over the past year, while the U.S. economy has continually missed expectations, Federal Reserve Chairwoman Janet Yellen has assured all who could stay awake during her press conferences that it was...

This morning, I finally got it right.I had 90 shorts. I was over 150% committed. I was heavily short energy. EVERYTHING was going my way right at the opening bell. Crude was collapsing. Equities were...