Market Overview

That was a decent day yesterday. While it began cautiously, as the day progressed the dollar upside accelerated somewhat, reaching intermediate targets and quickly satisfied the corrections...

Don’t fire until you see the whites of their eyes – Israel Putnam (disputed), The Battle of Bunker Hill This Thursday, the ECB will conclude its highly anticipated monthly meeting. As a...

Are Central Bankers Astute of Reality?Central bankers are nothing more than politicians. They must sway public opinion during very interesting, but worrisome times. We've see the collapse of crude...

When it comes to investors fearing the stock market, this year won't set any records for "excess fear." The above table highlights annual averages for the VIX (Fear Index) over the past 24...

Gold slides a little on profit taking, after its $60-plus jump from yesterday’s low-to-high. Gold reached levels not seen since the Lehman Brothers bankruptcy in 2008, and silver hit...

The expected risk premium for the Global Market Index (GMI) continued to fall in November. GMI, an unmanaged, market-value weighted mix of the major asset classes, is currently expected to earn an...

European markets are set to open more stable this morning despite a weak close in U.S. markets which was mainly due to the bad retail number and high volatility in the commodity market.Yesterday, was...

After yielding ground yesterday, the US dollar comes back bid today. The main driver is the divergence that favors the US. Specifically, yesterday two people we have identified as part of the troika...

Two years ago it was hard to find analysts who expected average GDP growth over the rest of this decade to be less than 8%. The current consensus seems to have dropped to between 6% and 7% on...

Currencies The euro (EUR) moved almost 100 pips yesterday and reached up to 1.2505 against the US dollar (USD), before the retracement back to 1.2464 where it trades now. The greenback was weak...

The US dollar lost ground yesterday against a basket of currencies, including the euro, japanese yen and British pound. The greenback had begun the new week in positive territory. This followed the...

Market movers today In Europe the only notable releases are Construction PMI for November in the UK and producer prices for October in the euro area. In the US auto sales for November will be...

We expect the ECB to remain on hold in December as it waits for the take-up at the TLTRO auction in mid-December. Nevertheless, we expect Draghi to sound as dovish as he can without actually easing. ...

The US ISM manufacturing index surprised once again in November. We had expected the ISM to move more in line with real economic data. Instead, the index held almost unchanged at 58.7 only marginally...