Market Overview

Last May, I posted an item on the economic situation in the rebellious regions of Eastern Ukraine, or “Novorossiya” (New Russia), to use the term increasingly favored by separatists...

Yesterday, for the first time, the Fed published its summary index of the change in labour market conditions, the Labor Market Conditions Index (LMCI). There are a few interesting observations to note...

Today, the Bank of Japan decided to keep the Quantitative and Qualitative Easing (QQE) policy unchanged. The Bank will purchase assets, in particular JGBs and Treasury Bills, in order to increase the...

In August, industrial production decreased markedly, down 4% m/m, recording the largest drop since January 2009. On a year-on-year basis, it was down –3% while its underlying trend remained...

Market movers today The day starts with German industrial production for August and following yesterday's disappointing factory orders we have revised our forecast lower to -1.8 m/m. This would...

Corrective forces continue to take hold of the foreign exchange market. It is long overdue and does not appear to be sparked by fundamental developments per se. Many short-term momentum participants...

European markets are trading lower this morning after the German industry output data printed another dreadful reading. Although, anyone could have predicted this fall in the number after a weak...

Currencies The euro (EUR) rebounded from its 2-year low at 1.25 all the way up to 1.2674 against the US dollar (USD). The dollar rallied against a basket of currencies during the past months and it...

Consensus has Germany's industrial production falling 1.1% for August Recent lower PMI figures suggest UK's industrial production likely to be weak US jobs figures to show slightly higher number of...

It is often said that hindsight is a wonderful thing. We now know that the developed world, particularly the US and the UK, saw a housing and debt bubble that promptly popped and started the Global...

Tuesday should be a fairly quiet session, with only a couple of market moving events happening. The Bank of Japan has a press conference, and that of course can always move the Yen and the Nikkei, but...

Let this note be another ‘Knocker-Up’… If you haven’t gotten the wakeup call by now, there are plenty of dislocations in the markets. The chart of the US Dollar below...

If you want to understand why our economy is stagnating and wealth inequality is rising, look at the rise of rentier skims and the resulting decline in wealth creation.To understand why the real...

The September US jobs data was stronger than expected. However, US interest rates pulled back after initially moving higher. US rates are edging lower today.     This week's labor...