Market Overview

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...

Fed acknowledges the slowdownLast night’s Federal Reserve minutes were an exercise in disappointment. The Fed shrugged, the market shrugged and then everyone went for a pint. ‘Twas ever...

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 want to give you a truthful look at what's happening in the single most underestimated, misunderstood, and perpetually disrespected country on earth: China. We'll examine why China's stock...

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....

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...

92% of S&P 500 companies have now reported Q1 earnings. According to Standard & Poors GAAP earnings for the last 12 months are just $99.18. That is down 6.4% from peak earnings, which were...

In a bid to significantly boost ad revenues, Twitter (NYSE:TWTR) joined forces with online search giant Google (NASDAQ:GOOGL). As stated in Google’s blog post, the companies have signed a deal...