Market Overview

The Hungarian central bank cut rates by a larger than expected 20 bp to 2.10% but then signaled that the easing cycle had ended The Ukraine crisis has entered a dangerous new phase after the downing...

First data for the third quarter of the year were on the positive side. After declining in the previous two months, the closely watched Composite PMI for activity came in better-than-expected, rising...

There have been five important developments today, but price action has been mostly limited. Confirmation that the Reserve Bank of New Zealand is pausing after hiking rates for the fourth consecutive...

Euro services PMI was stronger than expected in July and increased to 54.4, from 52.8 in June. This is the highest level in more than three years and as services are driven mainly by domestic demand,...

EUR/USDToday’s support: - 1.3449(main),where correction is possible. Break would give 1.3438, where correction also may be. Then follows 1.3416. Break of the latter would result in 1.3389. If a...

Once upon a time, there were safe havens in this world, places where investors could hide when the going got rough. If you believe this fairy tale world will persist, pinch yourself. In our...

Russian economy set to suffer more painA week ago, 298 people lost their lives when Malaysia Airlines MH17 came down in Eastern Ukraine. Western officials and the Ukrainian government have said that...

Overall, we expect to see a slight improvement in euro area PMIs for July. In our view it will probably be a bit more pronounced in the service sector, where we expect a rise to 53.1 from 52.8 in...

Currencies The euro remains range bound near its 8-month low against the dollar at around 1.3458. The pair remains under pressure, ahead of the US Unemployment claims due at 12:30 GMT and better than...

The old Dickens quote “It was the best of times, it was the worst of times” is pretty much always applicable to a world as big and complex as this one. But lately, as the disparity between...

RBNZ and PMIs in the spotlightOnce again there was a decent amount of news that resulted in relatively little movement. The EUR/USD had the second-smallest range of the year at 0.14% (lowest was 0.11%...

Little To Excite From The EurozoneWith a plethora of peripheral pecuniary data out for the Eurozone later today, there is plenty to interest any economist with slight interest in the future of the EU....

Thursday’s a busy day for economic news, including flash estimates for purchasing managers indexes (PMIs) for the Eurozone. Several updates for the US are on tap as well, starting with the...

Note from dshort: I've updated the accompanying charts with yesterday's Consumer Price Index data from the Bureau of Labor Statistics. The annualized rate of change is calculated to two decimal places...