Market Overview

China’s GDP growth in Q2 accelerated to 7.5% y/y (consensus: 7.4% y/y, DBM: 7.4% y/y) from 7.4% y/y in the previous quarter. Seasonally adjusted GDP growth in Q2 accelerated to 2.0% q/q...

Market movers today Focus on central bank speeches with ECB's Coeure and Fed's Fisher, but most important will be Fed chair Yellen's testimony. Bank of Canada will announce its rate decision. It is...

Yellen goes (mildly) hawkish While Fed Chair Janet Yellen’s press conference yesterday didn’t contain any new information, her style of presentation was somewhat more hawkish than before....

EUR/USDToday’s support: - 1.3545(main), where correction is possible. Break would give 1.3523, where correction also may be. Then follows 1.3503. Break of the latter would result in 1.3489. If a...

The Dollar strengthened against most major currencies except the resilient Sterling overnight after Fed chair Yellen's speech. Yellen testified before Senate Banking Committee and noted that interest...

There are two important charts I want my readers to see this morning.The first is a chart that is an indirect measure of demand in the global economy. Right now, the Baltic Dry Index (BDI) sits at its...

It’s been five years since the The Economist magazine published the critical commentary. In hindsight, the noted reputational damage was neither lasting nor spectacular. As of today, we’d...

What happens in an environment - such as the one we are in currently - that is characterized by prolonged periods of low volatility? One of the effects of diminished price swings is the decline in...

Bank of America Corp. (NYSE:BAC) is set to report FQ2 2014 earnings before the market opens on Wednesday, July 16th. Most analysts predicted a contraction in earnings from a majority of the...

EUR/USD is exchanging at 1.3596 around 24 focuses as the euro kept on eaing after remarks from Mario Draghi on Monday evening. There are essentially no monetary occasions in the Eurozone today and...

Retail sales in June increased 0.2% m/m (consensus 0.6% m/m) after increasing 0.5% m/m in May (revised up from 0.3% m/m). Retail sales excluding autos and gasoline increased 0.4% m/m in June...

So, the Fed’s tightening is almost done.Chairman Yellen informed Congress that a “high degree” of easing is needed given the slack in the labor market. This is in keeping with the...

The Chinese government is no longer providing massive economic stimulus to prop up China’s growth rate. Instead, the government is targeting spending in a more rifle-shot approach. That’s...

There has been much discussion as of late about the end of the current quantitative easing program and the beginning of the Federal Reserve "normalizing" interest rates. The primary assumption is...