Market Overview

Euro inflation declined back to this cycle low of 0.5% y/y in May from 0.7% y/y in April. This was in line with our revised forecast but lower than we initially expected. The decline followed as...

Last week’s update on personal income and spending rattled some analysts because the report showed that consumption fell 0.1% in April vs. the previous month. By some accounts, this is a clear...

When looking at residential real estate, we often tend to focus almost solely on recent price movements in assessing the health of the housing market at any point in time. But as both homeowners and...

Daily Briefing CurrenciesEUR/USD: The pair is consolidating near the support zone on a 60 minute frame. The next support is at 1.3580 and the next resistance is at 1.3742. USD/JPY: The pair has broken...

European markets are trading slightly higher ahead of the important economic data release, which could heavily influence the upcoming meeting of the ECB. There is no doubt that this week’s data...

It seems rather ironic. On the day that US Treasury yields are at their highest level (~2.55%) in nearly three weeks, the dollar itself is sporting a somewhat softer profile. Admittedly, the real...

The Australian economy has been in the dole-drums for some time now with the economy faltering and government debt skyrocketing, it has seen some rapid changes over the last two months as a new...

Currencies The euro (EUR) continues its decline against the US dollar (USD) as the single currency slid from 1.3645 to 1.3588 in early trading. The euro is under pressure as low inflation in the...

Yesterday, the ISM released incorrect numbers for its May manufacturing survey. Instead of being down 1.7 pts, the composite index was actually up 0.5 pts to 55.4, with large positive contributions...

EUR/USD Today’s support: - 1.3578(main), where correction is possible. Break would give 1.3565, where correction also may be. Then follows 1.3547. Break of the latter would result in 1.3521. If...

ASIA ROUNDUP:AUD/USD traded within a 20pip range awaiting the Cash Rate decision, despite red news data from AUD and CNY leading up to the release. AUD retail sales came in less than expected at...

UK: Nationwide House Price Index (06:00 GMT) A rise in interest rates in Britain before the year is out is a possibility, according to Martin Weale, a monetary policy committee member at the Bank of...

The Australian dollar rebounds today as RBA left rates unchanged as widely expected and as Asian equities surged higher. RBA kept the cash rate at 2.50% and maintained that "the most prudent course is...

Not surprisingly, we have seen a 10th consecutive month of the cash rate fixed at 2.5% as the economic recovery remains sluggish. With mixed signals across the board I cannot rule out a rate cut in...