Market Overview

In the beginning, the Lord said, “Let there be light.” And there was light. Then in 2008, Ben Bernanke said, “Let there be NZIRP and QE.” And the Earth’s dark financial...

Reasonable people can debate some of the details, but there was little doubt that last week's big event, the ECB's asset purchases, was widely anticipated. Nevertheless, what is striking is the...

A bit of a hodgepodge of charts to review. I'll start with my favourite of the bunch: the relationship between oil and gold prices. Peaks in the relative price between these commodities have...

For some time I believed my life was pretty much an open book and therefore, like Scott McNealy (“You have zero privacy anyway. Get over it.”), had a casual attitude toward privacy. As for...

Indeed, what will be the next step? The downside risk in EUR/USD has most certainly not found its low yet, so the question is whether it will extend losses or require a correction higher. With the...

One question I was asked the other day related to the merits of trading a longer-term method compared to one with shorter-term entry/exit parameters. My basic answer to this question revolved around...

Social safety nets are government or non-government (NGO) social programs to assist those in society who cannot work (or cannot work to full capacity). Many worry that such programs are incentives for...

Canada – The consumer price index fell 0.7% in December, allowing the year-on-year inflation rate to sink to 1.5% (from 2.0%), the lowest since February 2014. In seasonally adjusted terms, CPI...

REVIEWAfter ECB EQE rumors surfaced over the holiday the market gapped up to SPX 2029 on Tuesday, having closed the previous week at 2019. The gap up was immediately sold off to SPX 2004. Then despite...

ECB opens the floodgates for negative yield curves. The Riksbank can relax, at least in February. The hunt for yield intensifies, while BEI spreads receive support. To Read the Entire Report Please...

Market movers ahead In Greece, anti-austerity party Syriza is poised to win the general election and Greece faces higher uncertainty and volatility. Inflation is expected to have dropped further...

So, Mario Draghi did it again. Not only did he manage to get his own way and launch a surprisingly large asset purchase programme of around EUR1,100bn, overruling German opposition, but he also...

The flash estimate for the HSBC/Markit manufacturing PMI in January improved slightly to 49.8 (consensus: 49.5, DBM: 49.6) from a final reading of 49.6 in November. This is the first improvement in...

The ECB has again surprised the markets by announcing an open-ended QE programme of monthly purchases of EUR60bn. Very importantly, the ECB will continue asset purchases until it sees an improvement...