Market Overview

The hype around the coming Non-Farm Payroll (NFP) result just got more intense following the disappointing ECB meeting and the markets stark reaction. Subsequently, the question remains, will the NFP...

Knowing when the U.S. Economy is heading for recession is paramount for successful investment decisions. Our weekly Business Cycle Index (BCI) would have provided early reliably warnings for the past...

Macro's crowded one way street collided in a large pile-up Thursday, as traders hit the brakes and attempted a quick K-turn, as Draghi seemingly underwhelmed participants expectations of magnanimous...

For understandable reasons, I woke up this morning even more anxious than usual, thanks to Mario Draghi and the threat of more “extraordinarily easing” measures. As I’m typing this,...

ECB’s Failure to Communicate Raises Focus on US JobsThe anticipation for the biggest indicator in the forex market just got more intense. The European Central Bank (ECB) had put out a very...

Draghi disappointed our and the aggressive market expectations despitedelivering a 'menu' of monetary easing measures.The easing from the ECB included A 10bp deposit rate cut to -0.30% (the MRO rate...

After today, the payroll report seems like child's playThe thing about tables is, they ALWAYS turn; the same can be said of market trends. Just as I was preparing to type the sentence, "In my decade+...

Is the U.S. economy on solid footing? Federal Reserve Chairwoman Janet Yellen seems to think so. In particular, Yellen expressed confidence in household spending as well as job growth during prepared...

As the manufacturing recession becomes more and more unassailable (and I mean that in more than one way), the fact that it still shows no end or let up suggests still greater difficulty beyond...

Yesterday, we asked whether Saint Draghi would bring a shiny new present or a lump of coal to expectant EUR/USD bears. Today we learned that the bears must have been much naughtier than they had...

Market participants knew that volatility would rise today with the ECB meeting. What they got was far worse than could have been anticipated.It started with a report from the Financial Times a few...

Private nonfarm payrolls in the US are projected to increase by 193,000 (seasonally adjusted) in tomorrow’s November report from the Labor Department, based on The Capital Spectator’s...

Bank of Canada maintains courseThe BoC kept its key rate unchanged at 0.5% yesterday and reiterated that “the economy continues to undergo a complex and lengthy adjustment to the decline in...

First the good news: The “trend” of the stock market is bullish (and least based on the particular trend-following indicators that I follow) and I am hoping for a standard issue...