Market Overview

A sell-off into the end of the session on Wednesday appears to be feeding into stock futures this morning after the Federal Open Market Committee minutes once again showed policy makers brushed off...

The slowdown in China continues as the HBSC Flash PMI shows Output contracts at strongest rate in just over a year. Key PointsFlash China Manufacturing PMI™ at 49.1 in May (48.9 in April)....

Summary: This post looks at the recent economic data, but not to convince you about the rightness of my forecast (more slow growth), but rather to help you make sense of the river of economic data the...

The US dollar index advanced for the first three days of the week but is under some pressure today. The FOMC minutes confirmed what the market already knows, which is that a rate hike next month is...

China: Weak Manufacturing In MayManufacturing activity remained weak in China in May, according to the preliminary data that were released.Specifically, the PMI index of HSBC (HK:0005) rose slightly...

FTSE remains anchored to 7000Last night’s Fed minutes all but ruled out a rate hike in June owing to the weakness of first quarterly growth and the lack of inflation. More recent weak macro data...

The Federal Open Market Committee meeting minutes last night failed to provide much to go on, at least if we’re to use the Fed Funds futures as our measure, as these were virtually unchanged in...

I would like to say that if you’ve taken a statistics and probability course you don’t need to read David J. Hand’s The Improbability Principle: Why Coincidences, Miracles, and Rare...

The first chart I would like to show is the long term monthly chart for the US dollar which I showed recently. It was coming into contact with the top rail of a massive 30 year falling wedge at 93.50....

Dollar's recovery lost some momentum after dovish FOMC minutes but remains in tight range in Asian session. The minutes for April meeting noted that many policy makers "thought it unlikely that the...

EUR/USDToday’s support: - 1.1086 and 1.1070(main),where correction is possible. Break would give 1.1057, where correction also may be. Then follows 1.1034. Break of the latter would result in...

Market Brief The Fed released the minutes of April’s FOMC meeting yesterday evening. We were expecting further details regarding the temporary factors but the minutes just indicate that there...

In China the flash estimate for HSBC manufacturing PMI in May improved slightly to 49.1 (Consensus: 49.3, DBM: 48.7) from a final reading of 48.9 in April. The details were relatively strong with new...

Market Movers In the euro area flash PMIs for May will be out. We expect both the manufacturing and service PMI to have eased slightly in May, thus underscoring that GDP growth should also ease a...