Market Overview

Everyone’s been down on the global economic outlook. Both the IMF and World Bank have lowered their global growth forecasts for 2015 and 2016. There has been quite a bit of skepticism about the...

I didn’t enjoy doing yesterday’s analysis. There were too many points to measure, over too long a period and not enough time to fully absorb the alternative possibilities. Having completed...

Presidential aspirants in both parties are talking about saving the middle class. But the middle class can’t be saved unless Wall Street is tamed. The Street’s excesses pose a continuing...

Investors were caught by surpriseon Wednesday when the Bank of Canada announced that it was lowering its key interest rate. This weighed heavily on the Canadian dollar, which fell by close to 4% over...

This Great Graphic was composed on Bloomberg. It shows two time series. The headline CPI is the white line. It has gone negative and when the flash estimate for January is released at the end of the...

GoldFor over two years now I have consistently recommended excluding gold and gold-related holdings from your portfolio. This advice has paid out extremely well over that time by reducing portfolio...

The fear of deflation has become the cornerstone of Keynesian economic thought. A lack of inflation has been used to explain periods of economic weakness from the Great Depression of the 1930’s,...

The shockwave set off by central bank announcements last week continues, resulting in major fluctuations, particularly for the euro and Canadian dollar. For the former, tension remains palpable, as...

Daily BriefingCurrencies EUR/USD: The pair has moved above its 50 day moving average 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...

As the demonizing of Syriza gives way to post-electoral analysis, its victory is being seen as anti-austerity not anti-EMU. Politics makes for strange bedfellows, and a small conservative party...

Chart 1: Global bonds have outperformed all other major asset classes Let us quickly look at the 12 month performance of all major asset classes. Chart 1 shows three major equity regions: US, Europe...

Market Drivers For January 26, 2015 Syriza gets majority in Greek Parliament EUR test 1100 but rebounds IFO bit better than forecast Nikkei -0.25 Europe 0.42% Oil $45/bbl Gold $1292/oz. Europe and...

Market movers today Markets will be digesting the results of the Greek election. On the data front focus turns to the German Ifo index for January. We look for a stronger-than-expected increase to...

We take a closer look at the implication of the ECB QE for the Riksbank. In the short term - i.e. concerning the decision in February - we believe that the board feels quite at ease and without...