Market Overview

Three new pieces for the macroeconomic jigsaw puzzle have fallen into place today, but the price action in the foreign exchange market is lackluster, at best. Yesterday's standouts, the yen and...

Eurozone recovery is on track, according to the flash PMI data released this morning. The Composite PMI for activity, highly related with GDP growth, came in at 53.9 in May, almost stable with respect...

Sometimes It’s Not Really Worth Waiting ForThe recent FOMC Minutes were much awaited, particularly after several FOMC members had given rather tantalizing speeches in the past few days in which...

Europe May Manufacturing & Services PMI (07:00-08:00 GMT). Markit’s preliminary May purchasing manager indices will be reported for France (07:00 GMT), Germany (07:30 GMT) and the Eurozone...

The minutes of both the Bank of England and the Federal Reserve hinted at changes to the status quo; although it is the former where those changes are being seen sooner and are more necessary.The Bank...

Currencies The euro (EUR) moved higher after yesterday’s mostly muted FOMC statement. It has subsequently continued to decline ahead of today’s German and French manufacturing PMI. The...

We expect the ECB to lower its GDP growth projection for 2014 as growth has undershot the ECB's forecast in Q1. The lower projection should also reflect that the appreciation of the effective exchange...

Today is PMI day with both the euro area and the US releasing Flash PMI for May. In the euro area we look for a further small increase as the recovery gradually strengthens. Yesterday euro consumer...

Talking Points:Dollar Gains Checked by Rebound in Risk Collapse in Volatility Euro Traders Look to Data to Shape Stimulus Expectations Japanese Yen Crosses Checked Higher Before USDJPY Gives...

US Dollar's rally attempt lost momentum after the release of FOMC minutes for April 29-30 meeting. The minutes were considered a bit dovish by the markets with indication that Fed isn't in hurry to...

Crude OilWest Texas Intermediate fell after rising the most in six weeks. Futures for July retreated as much as 0.4%, trimming yesterday’s 1.7% gain. Crude inventories shrank by 7.23 million...

Russia and China have just signed what is being called "the gas deal of the century", and the two countries are discussing moving away from the US dollar and using their own currencies to trade with...

GFIA, in its April 2014 “Research Insights,” reviews Asian asset managers and their results for March.Let’s begin our review of their review with one evocatively named fund and one...

First I want to acknowledge how frustrating the markets have been over the last several months for most of you. There has been no clearcut trend in which one can just take a position and not get...