Market Overview

The flash estimate for euro-area HICP inflation in November is due for release and we expect headline inflation to increase to 0.2% y/y. The increase should be driven by the volatile food and energy...

Today’s flash estimate for Eurozone inflation will be closely read ahead of tomorrow’s policy announcement from the European Central Bank. Later, the ADP Employment Report will provide...

Against expectations, ISM manufacturing in November declined to 48.6 in November from 50.1, which is the lowest level since June 2009. It is the first time since 2012 that the ISM manufacturing index...

The latest IMM data cover the week from 17 to 24 November 2015.IMM positioning data released yesterday reveal the fifth consecutive week of bearish EUR builds sending speculative positioning in the...

The data yesterday has clearly put a chill through short positions in the AUD against all major pairs apart from the NZD. The EUR, GBP, CAD, CHF and JPY were sent packing by 1% or more, to go with the...

Despite the strong performance of US equities, Asian markets got off to a rocky start after the big miss in the US ISM PMI threw some questions up around the inevitability of the December Fed rate...

Over the Thanksgiving weekend I received over 1,000 e-mails in total, many suggesting potential topics to talk about. We'll talk about several topics on the surface, each one obvious in their own...

CurrenciesEUR/USD: This pair has broken its 50 day moving average on a 4 hour time frame. The next support is near the 1.0518 level and the resistance is 1.0899. USD/JPY: The pair has formed a...

On November 9, the OECD issued its twice-yearly Economic Outlook statbook, updated for projections into Q3 for most national economic accounts. Despite past enthusiasm for global prospects in 2015,...

One of the most important banks in the western world says that the 7th largest economy on the entire planet has entered a full-blown economic depression. Brazil’s economy has now contracted for...

Look out below, for even with bloated federal spending, the real economy has hit stall speed. What do we mean when we say the U.S. economy is at stall speed? Stall speed refers to the air speed and...

Sell the rumour, and buy the news! The rumour was a possible IMF decision to include the yuan as a component of its SDR. The news is out, and the news is good; the IMF has decided to include the yuan...

An uneducated fellow was laid up in bed with a broken leg. The vicar’s wife, visiting him, asked what he did to pass the time, since he was unable to read and couldn’t leave the bed. His...

For the past few years we've been following a couple of transportation metrics: Vehicle Miles Traveled and Gasoline Volume Sales. For both series, we focus on the population adjusted data. Let's now...