Market Overview

Market overview The ECB introduces a negative deposit rate and announces targeted LTROs. Political turbulence in eastern Europe and the Middle East poses the added risk of energy price rises. ...

People seem to be talking more about inflation, especially since core CPI was reported up 2% versus last year.  Only time will tell whether that data was noisy -- as Chair Yellen suggested -- or...

Japan Prime Minister Shinzo Abe has updated the “third arrow” of his economic policy, a wide-ranging package of economic reforms aimed at lifting the growth of Japan’s economy. His...

The euro area flash PMI is one of the most important economic reports in the monthly data cycle.These Great Graphics capture the importance of today's report. The first two charts come from The...

New repo rate forecast: a July rate cut followed by rates on hold until at least summer 2016. The curvature on the Swedish yield curve should be pushed further out - be long the 5Y point on the...

Leading indicators continue to signal strong growth in Ireland and, according to our models, we should brace ourselves for a strong rebound when Q1 GDP data is released next week. We expect a jump in...

Euro PMI manufacturing declined to 51.9 in June from 52.2 in May. At the same time, the service PMI was lower at 52.8 in June from 53.2 in May. Consensus was for both figures to be almost unchanged -...

The latest IMM data covers the week 10-17 June 2014. IMM data released on Friday revealed the largest single week bullish GBP build since September 2013. The move was sparked by Bank of England...

The trend is still positive, momentum is still bullish (although slightly overbought on the daily, weekly, and monthly charts), and breadth continues to confirm the new highs put in for the equity...

The unwind continuesThe market is apparently still mulling over the implications of the FOMC statement and FOMC Chair Janet Yellen’s comments. At the short end, the Fed Funds expectations for...

William J. Bernstein has written a wonderful book for “adult” investors who are comfortable with basic math and statistics and who also enjoy a good turn of phrase. Bernstein, a retired...

Currencies The euro closed on Friday at around 1.3600 against the dollar and is now moving upwards. The single currency remains very volatile while the European Manufacturing and Services PMI are on...

The Aussie opens the week strongly higher after upside surprise in manufacturing data from China. The HSBC Chinese manufacturing PMI rose to 50.8 in June, back into expansionary region for the first...

US Dollar Pushed to Test Below Multi-Year Support AgainPrices are probing below multi-year trend support set from July 2011. This barrier (10434) is reinforced by a falling channel bottom at...