Market Overview

EURUSD – Intraday Price Action Suggests Continuation After launching higher post FOMC shocker, the Euro has held up solidly forming a bullish flag pattern. Intraday charts are suggesting the...

Once upon a time there was a strong correlation. Then it broke: Of course, we know that correlation is not and does not imply causation. But, I think there was an underlying causation to the...

If you are teaching or taking an introductory macroeconomics course this fall, you will, at some point, encounter the money multiplier. The multipier posits that there is a stable ratio between M2,...

The Fed’s inflation target (using the core personal consumption deflator) has been 2% for quite some time. It’s been below that rate since May 2012. At last week’s press conference,...

After Sunday's German elections, it seems much easier to point out the losers than the winners. Alternative für Deutschland got 4.9% of votes according to the preliminary results late Sunday...

Following the impressive 0.7% second quarter economy expansion, the UK has continued their momentum throughout the summer period. According to the Organisation for Economic Co-operation and...

Fed Brings Uncertainty Just two short days ago the Fed told us the economic data did not justify tapering their monthly bond purchases. The stock market jumped higher. Less than 48 hours later,...

With Fed's dovish stance, and the withdrawal of Lawrence Summers as candidate for Fed chairman, the biggest tail risks for risk assets were removed this week. In combination with lower tail risk from...

This is not the first time the European economy has rebounded. From 2010 until spring 2011, the eurozone seemed to be back up and running. Buoyed by the United States and China, and supported by...

Fed members decided to leave monetary policy essentially unchanged. The Fed Fund Target remains in the 0.00%-0.25% range it has been since the end of 2008, and the Fed will keep on purchasing USD 85...

Even though the approach of German elections was clearly hindering any decision making, discussions on banking union continued behind the scenes during the Eurogroup and EcoFin meetings in Vilnius...

The outline of the new pension reform has been announced. The contribution period will be longer, contributions will be increased, some savings will be made on pensions and an "arduous working...

■ The Dutch economy is in deep recession. However, possibilities for fiscal stimulus are limited because of the openness of the economy and European demands for budget consolidation.■ The...

Exports rebounded strongly in August, by 6.4% in volume, after a steep decline in the previous month (-4.8%). In particular trade with China was dynamic. The trade data are in line with other signals...