Market Overview

This is a landslide week for economic data, and earnings season is in full swing. Last week’s Q4 GDP report and overall market tone has revived deflation concerns. I expect market participants...

This is an interesting chart I think. It shows the spot CPI swap curve (that is, expected 1y inflation, expected 2y compounded inflation, expected 3y compounded inflation), which is very, very steep...

Understanding the concept of implied volatility is essential for successful covered call writing and selling puts. First, implied volatility gives us a window into the “market’s”...

You’d be surprised at what Greeks say they’ve lost most amid the debt crisis. It isn’t money or jobs… it’s the loss of their sovereignty. Well, last weekend, Greeks...

The Bureau of Economic Analysis reported today that the growth rate of real GDP slowed to an annual rate of 2.6 percent in the fourth quarter of 2014. That is barely half of the 5 percent rate...

Eurostat released HICP Harmonized Index of Consumer Prices statistics today. In spite of promising that deflation would not hit again, here we are, and for the second month too.Euro area annual...

(from my colleagues Dr. Win Thin and Ilan Solot)1) Hungary’s central bank turned dovish2) The Turkish central bank signalled that it may cut rates next week during an emergency meeting.3)...

Why hasn’t ultra-easy monetary policy revived global economic growth? Why is the global economy increasingly mired in secular stagnation despite record-low interest rates and the flood of...

Daily BriefingCurrencies EUR/USD: The pair has formed an ascending triangle pattern on a 30 minute time frame. The next resistance is at 1.15 and the support is at 1.10. USD/JPY: The pair is moving in...

Housing remains a weak spot for the US economy, as suggested by yesterday’s news of a bigger than expected tumble in December’s pending Home Sales Index, a forward looking measure of...

The month and week are winding down, and what a month and week it has been. The three key events were all about Europe. The SNB's unexpected decision to lift the cap on the franc. The ECB's decision...

EUR/USDToday’s support: -1.1258 and 1.1194(main),where correction is possible. Break would give 1.1182, where correction also may be. Then follows 1.1154. Break of the latter would result in...

We are starting to see some progress out of Greece as we head into the weekend, and with it, some euro strength. Yesterday PM Tsipras met with the president of the European Parliament Martin Schulz...

CPI excluding fresh food in December eased to 2.5% y/y (consensus: 2.6% y/y, DBM: 2.5% y/y) driven largely by lower energy prices. CPI excluding Food & Energy in December was unchanged at 2.1% y/y...