Market Overview

Some market related observations:One of the key drivers of the recent bull run in equities has been corporate stock buybacks. Buybacks have drastically slowed in recent months…See: Another...

EM currencies are searching for some direction after ending last week on a softer note. China data out this week should provide further evidence that the world's second biggest economy is stabilizing....

Analysts are currently counting on margin expansion to justify their earnings estimates.  Looking at data from Factset (left panel below), analysts expect profit margins to expand from 9.8%...

Awaiting the three amigos Humphrey-Hawkins unlikely to inspire traders BoC statement could be a market mover Monday has heralded a new world order. Germany is on top of the heap; FIFA World Cup...

Over the weekend, I read a very interesting article by Ryan Puplava discussing the fundamental backdrop of the financial markets.  As he states: "I've been hearing the pushback to the market's...

The US dollar and Japanese yen have softer biases today, at the start of the week. After a quiet Asian session, German banks reportedly were among the featured euro buyers, lifting the single currency...

Yellen, BoC to be this week’s highlightsThe dollar weakened over the past week against most of the G10 currencies as the enthusiasm caused by the outsize nonfarm payrolls quickly faded, to be...

Eurozone bank stability questioned Hidden problems came as a shock Bulgarian lender in liquidation amid scandal Fear stalked the markets last week as investors were confronted with a series...

Central bank news and views still remain the most important metric in the analysis of the world’s currency markets; however, the recent noises from the Portuguese banking sector have stirred an...

A fairly light global calendar with the main release in the European session being industrial production. We expect euro area industrial production to have declined 0.9% m/m in May as suggested by the...

On Monday morning there was little action in the Asian markets, which traded marginally positive, taking cues from higher US equities in the last week. This might prompt the yen to open a tad...

GBPUSD – Consolidation In Place, But Bullish Pressure Weakening For the last 8 days, the sterling has been consolidating between the 1.7075 and 1.7175 levels we’ve been mentioning in...

For currency market players, the end of last week was marked by sharp growth in the USD/CAD pair amidst the publication of weak statistics for the Canadian labor market in June. This week the Loonie...

Currencies The euro remains range bound against the US dollar at 1.3603. ECB president Mario Draghi is expected to testify today in Strasbourg on monetary policy, after the introduction of the...