Market Overview

The Australian dollar remains soft after RBA left the cash rate unchanged at historical low of 2.00% as widely expected. The accompanying statement contained little new information. The central bank...

EUR/USDToday’s support: - 1.0980(main), where correction is possible. Break would give 1.0955, where correction also may be. Then follows 1.0933. Break of the latter would result in 1.0908. If a...

As Australia’s export mix continues to narrow, the tag “Banana Republic” has started to make a resurgence. Former Australian Prime Minister, Paul Keating, was the first to coin the...

“Surviving is important. Thriving is elegant.” Maya AngelouWell, it ended up being a perfect week to take off last week and it looks like there will be many more quiet days ahead this...

Sovereign bonds are the senior most assets in the current debt-based financial system.The Western governments at the top of the food chain with the greatest financial, economic, and political clout...

The politics and macro uncertainty of Greece remain front and centre for the Eurozone, but Germany’s industrial data is the main event for formal macro reports. We'll also see the monthly...

Did you notice that Greece’s creditors are not rushing to offer the Greeks a new deal in the wake of the stunning referendum result on Sunday? In fact, it is being reported that the initial...

The Labor Market Conditions Index (LMCI) is a relatively recent indicator developed by Federal Reserve economists to assess changes in the labor market conditions. It is a dynamic factor model of...

Monday the Institute for Supply Management published its latest Non-Manufacturing Report. The headline NMI Composite Index is at 56 percent, up 0.3 percent from last month's 55.7 percent. Sunday's...

Our earlier update on demographic trends in employment included a chart illustrating the growth (or shrinkage) in six age cohorts since the turn of the century. In this commentary we'll zoom in on the...

Churchill reportedly once quipped that one can always count on the Americans to do the right thing after they have exhausted the other possibilities. That description is equally fitting for Europe at...

Well, the Greeks voted “No,” yet markets didn’t crash and the world didn’t end. What should we worry about next?I don’t mean to make light of the situation. But...

Governor Alejandro García Padilla of Puerto Rico said this week he does not think the Commonwealth will be able to pay back the $73 billion in debt owed to bondholders. I find this rare bit of...

Shanghai shares closed down nearly six percent Friday, having lost almost 30 percent from the pick on June 15,200 points.China's government relaxing rules on margin trading have failed to arrest the...