Market Overview

The European futures are trading lower this morning as traders have continued to take some profit off the table. It is difficult not to take some profit when the markets have made their yearly high...

There is one main story today, and that is the anticipation of ECB action. Official comments have encouraged many participants to anticipate rate cuts over asset purchases to be announced when the...

EUR/USDToday’s support: - 1.3680 and 1.3668(main), where correction is possible. Break would give 1.3653, where correction also may be. Then follows 1.3640. Break of the latter would result in...

Economic growth slowed to a crawl in the first three months of this year, but a rebound is projected for the second quarter, according to The Capital Spectator’s median econometric nowcast. GDP...

■ GDP increased by 1.5% q/q in Q1, which was much better than market expectations (1%). The main reason for this stellar performance was the surge in consumer expenditure ahead of the 3-point...

Yesterday’s markets were done by lunchtime following the UK jobs release and the Bank of England’s latest inflation report. Neither were good for the pound, and it slipped to a 4 week low...

• Eurozone GDP key to the ECB's next move• Mild decline expected in US initial jobless claims• US housing market slowdown to continue dragging onThursday is a busy day for economic...

Bond Markets Take Center StageThe action yesterday was in global bond markets as yields in the UK, Germany and the US slid to 2014 lows. The Bank of England’s inflation report was less hawkish...

Following +0.4% in Q4 2013, Q1 GDP growth was up an outstanding 0.8% q/q, the fastest rate since Q1 2011, and up 2.3% y/y. The German statistical office has not released the expenditure Q1 breakdown...

ASIA ROUNDUP:Japan GDP growth up to 5.9% following pre-tax rise spending spree, but this growth is expected to contract to 2%. q/q sits at 1.5%.  Nikkei ignored the positive GDP growth and...

The historical trend in US household incomes is one of my favorite research topics. However, until recently I've never systematically analyzed the data for individual states. That changed last week...

US Dollar IndexPrices look to be attempting to set a double bottom at 10375, the October 22 close. Confirmation of the upward reversal pattern requires a breach of resistance is at 10462, marked by...

At the moment the money market is calm and out of stress. In the past month money market rates have continued to edge lower and are now back at levels from before the money market stress started in...

Summary and OutlookGlobal indicators suggest the global economy is reaccelerating somewhat following a weak start to the year. In the US, the Institute for Supply Management (ISM) reading has...