Market Overview

Labor data last week surprised to the upside and pointed to an improvement in hiring and by implication the labor market. However, our leading Labor Market Growth Index, which tracks various...

The US dollar is mixed near midday in London. The euro has steadily climbed to poke through $1.34 and is the strongest of the major currencies. Sterling is heavier, mostly it appears as a function of...

Recession risk is projected to remain low, according to the revised projection for the three-month average of the Chicago Fed National Activity Index (CFNAI). This benchmark of the business cycle is...

The U.S. economy appears to have put the partial government shutdown well behind it as employment surged in October with employers adding much more workers than con-ensus expectations. Adding to a...

Even though he is sometimes derided for being a perma-bull (or in his words, “a redundant bull” [p. 62]), Laszlo Birinyi has a long, proven track record which has earned him the title...

This week the scorecard recommends buying NOK, CHF and CAD while selling AUD, EUR and NZD. The NOK was sold off significantly at the end of last week without any important news out of Norway....

In Sweden our forecasts for CPI and CPIF inflation are weaker than what the Riksbank expects. If right, it will put additional pressure on the Riksbank to cut the policy rate. We we can almost...

The data released for October on balance was better than expected and suggests the moderate recovery continued into Q4. The Industrial production data so far suggest that GDP growth in Q4 will...

Following the U.S jobs report on Friday Asian stocks fell in fear of the possible Fed tapering plans announced by FED President Ben Bernanke. Investors are cautious about when the possible tapering...

Monday is a slow day for scheduled economic reports and so the markets will continue to focus on last week’s data surprises for guidance on where we go from here. But first we’ll see new...

EUR/USDAfter a drop in inflation to the slowest pace in four years threatened its mission to keep prices stable The ECB on Nov. 7 trimmed its benchmark interest rate to 0.25 percent from 0.5 percent....

CurrenciesEUR/USD rebounded slightly this morning, trading up around 0.5% at 1.3392. It broke the 1.34 level briefly but has since fallen back into the 1.3380/95 range. The pair fell below the 1.33...

Asian markets are mixed today despite record setting closings by U.S. markets last Friday. Investors are now turning their attention to the U.S. Federal Reserve as to when they will begin to taper...

The US markets were boosted by two important pieces of strong economic data last week, Q3 GDP and the October NFP. The data reignited speculations that Fed would taper the $85b per month asset...