Market Overview

In spite of the steps taken by the government of Japan, irresponsibly welcomed by analysts, banks and foreign leaders, Japan speeds up in its way to deflation. There is always an acceleration phase in...

European central bankers learnt a harsh lesson from financial markets on Friday: You take on the Federal Reserve at your peril. Even though both the European Central Bank and the Bank of England had...

India’s rupee fell to a record after a U.S. jobs report showing companies hired more workers than economists forecast added to the case for the Federal Reserve to reduce monetary stimulus.The...

U.S. Treasury sales by Japanese investors exceeded purchases by a record in May amid the biggest monthly drop for the securities in more than three years.Money managers in the Asian nation unloaded a...

The International Monetary Fund may this week trim its global growth forecast because of the situation in emerging countries, IMF chief Christine Lagarde told a conference on Sunday.“We had a...

Japan and the U.S. – Contradictory Reactions to QEThe reactions of the U.S. and Japanese bond markets to announcements about quantitative easing (QE) were inconsistent, to say the least. In...

STRATEGY: The S&P 500 remains above the 160-wma long-term support level at 1333. The standard 200-dma support level is at 1511. Perhaps more importantly, the distance above the 160-wma has has now...

EUR/USD Today’s support: - 1.2782(main), where correction is possible. Break would give 1.2757, where correction also may be. Then follows 1.2733. Break of the latter would result in 1.2711. If...

Monetary status quo on both side of the ChannelThe euro rise stoppedThis week the new governor of the Bank of England, the Canadian Mark Carney, presided over his first Monetary Policy Meeting. He...

In Portugal, months of latent political tensions finally broke out into a crisis. Over a 2-day period, first Vitor Gaspar, the Finance Minister, and then Paulo Portas, the Foreign Affairs Minister and...

The string of data was definitely positive this week. Thanks to Fed officials renewed pedagogy efforts, yields stabilised, but the June labour market report was too positive not to trigger rising...

From “never pre-committing” to “forward guidance” The European central bank (ECB) is living a kind of soft revolution under Mr Draghi’s presidency. After having...

I underestimated the degree of follow through on Friday. Even the USD/JPY managed to edge higher. Well, Dollar strength is the underlying influence and I can’t see that changing for a while yet....