Market Overview

Fed Chair Janet Yellen delivered her speech on policy normalisation at the San Francisco Fed conference Friday evening. The speech repeated many of the messages from the press conference following the...

The calendar impacts the investment climate. March 31 ends the month, quarter, and for several countries and companies, the fiscal year. The Easter holiday is typically among the quietest in the...

The additional dollar gains, even if minor - along with Thursday’s Key Reversal days - have destroyed the potential impulsive development. When I first saw this, my first reaction was for a...

Over the past few years, the U.S. Central Bank served as a calming drug by forcing both fundamentals and technicals to take a backseat.One side effect? Markets became lazy and complacent. Traders sat...

In 1948 Warren Weaver, of the Rockefeller Foundation, wrote an article in which he described science “as progressing through successive eras, defined by the three types of problems—simple,...

The strength of the US dollar against GBP/USD last year combined with a flat gold price (expressed in USD) pushed up the price of gold expressed in GBP. This year, the GBP price of gold has been...

Many of us are trained to look for tops and bottoms and game the markets accordingly. For the most part, this is the way our brains work Yet, intuitively speaking that is just the wrong tapproach....

Corn futures rallied nicely off of the lows made last week at 3.67 in the May contract, making a high of 3.97 as of this writing. We thought the downside was overdone and we don’t see a reason...

Here we are in THE Great Bull Market (although it is becoming a rough ride recently) which has for months been oblivious to an obvious slowing of the USA economy. The purported forward looking markets...

Market movers ahead The US employment report is released on Good Friday. Following a run of months with very strong job gains we expect the pace of labour market improvement to moderate but remain...

SNB to fight CHF strength with all means, possibly incl. QE Trust the ‘SNB put’: won’t allow dips much below 1.05 in EUR/CHF We buy EUR/CHF spot for a 1.1000 target, stop at 1.0250...

We continue to monitor Russia -- one of the two catalysts that could disrupt Europe’s happy new QE party (the other, of course, is Greece and its continued teetering on the edge of a Euro...

When Fed Chair Janet Yellen commented last July about biotechs whose valuations were “substantially stretched,” we took it with a grain of salt. High valuations in the space are normal,...

Last May, China announced the formation of a new development bank in Asia, to be initially bankrolled by China and to compete with the Asian Development Bank (ADB), whose governance is U.S.- and...