Market Overview

Slowing growth After three years of strong growth (average annual GDP growth of 7.3% from 2010 to 2012), the slowdown which began in 2013 (to 3.8%) has been confirmed this year. The stagnation of oil...

Some elements of economic stability 2013-14 saw a stabilisation in the economic situation after nearly three years of high volatility and growing fiscal and external imbalances. Despite the fiscal...

Ambitious targets The year 2014 was marked by the April re-election of president Bouteflika for a fourth consecutive term. His candidature came as a surprise given his fragile health. Moreover,...

Zuma’s re-election fails to break the downward spiral South Africa’s economy continues to slump. Q2 GDP rebounded at an annualised quarterly rate of 0.6% (vs. -0.6% in Q1), but this was...

US retail sales are expected to rise 0.2% in tomorrow’s September report vs. the previous month, according to The Capital Spectator’s median econometric forecast. The prediction reflects a...

The US dollar is trading broadly higher as the divergence thesis gains ground with the latest batch of disappointing euro area data. Soft UK BRC sales and price indices suggest that Britain is being...

Currencies The euro (EUR) climbed from 1.2629 to 1.2721 yesterday against the US dollar (USD), as the US Federal Reserve concerns about the recent dollar appreciation might hurt US exports. The...

Sterling was in retreat from the get-go yesterday morning although there was little to really pin the weakness on to. Some blamed political issues, in particular the ascent of UKIP and their inclusion...

On Friday, Greek Prime Minister Antonis Samaras won a vote of confidence from the Greek government. Addressing the Greek Parliament, the Prime Minister said that, “Greece doesn’t need...

Dollar weakened this week as traders pushed back bet of first hike after comments from Fed officials. Federal funds futures are now showing less than 50% chance of rate hike by September next year,...

EUR/USDToday’s support: - 1.2666, 1.2643, 1.2622 and1.2600(main),where correction is possible. Break would give 1.2573 and 1.2549, where correction also may be. Then follows 1.2521. Break of the...

After Monday’s lull for economic reports, new numbers will start rolling in again today, offering more opportunities for assessing the depth of Europe’s deteriorating trend. First up is...

Looking at the Tuesday session, there are a couple things that we will be paying attention to. The first number coming out is the UK CPI year-over-year number, which could move the British pound and...

Massive capital flight racks the equities markets! Following 3 months of strong and steady growth, the Dow Jones Industrial Average tanked on October 9, 2014. Fears about the performance of the global...