Market Overview

On August 2, 2012 Mario Draghi gave the most disastrous ECB press conference of all time. The market anticipation was enormous leading up to the event, as this was the moment where the ECB would...

Economic CommentaryAfter a tough start to the year, global financial markets have recovered strongly in recent weeks. Early in the year, a number of concerns plagued financial markets and pushed back...

Today's release of the publicly available data from ECRI (Economic Cycle Research Institute) puts its Weekly Leading Index (WLI) at 131.0, up 1.7 from the previous week. The WLI annualized growth...

There is an ongoing mess in repo markets and not a lot of straightforward commentary about it. As usual, whenever any repo tenor trades highly special we hear only about the persistence and plethora...

China’s Total Social Financing hugely disappointed in February, as January’s surge was not followed as if renewed economic enthusiasm. The net flow was RMB 780 billion compared to the...

This past Wednesday, March 9th, marked the seven-year anniversary of the current U.S. bull market. The recent correction notwithstanding, this is quite an accomplishment considering that historically,...

A Whiff of Panic Ahead of Thursday’s ECB meeting, there was a widespread consensus that Europe’s chief printing press supervisor would make up for the alleged “mistake” of...

Can a bear still occur? Of course it can. If we wake up one morning and the world has to deal with a major bank default due to bad loans or too much exposure to oil if it keeps falling, then we all...

One is the star of the year so far, grinding higher in what could be the launch phase of a new bull market as confidence wanes in the face of NIRP and other desperate global policy actions, and the...

In the years since the 2008 crisis, there is no question in finance that has caused more angst among investors, analysts and even onlookers than what to do about "abnormally low" interest rates. In...

The ECB first announced its targeted long-term refinancing operations (TLTRO) in summer 2014, and operations started in September 2014. Under the first version of the programme, countries could borrow...

A calendar of key events in the Commodities Market for the week ahead.To read the entire report Please click on the pdf File Below

The Federal Reserve is unlikely to change interest rates this week it but may well signal that more rate hikes are on the way than the market currently expects.Bank of England is also unlikely to move...

The ECB has shifted from targeting the exchange rate to supporting the credit/bank lending channel.The ECB's policy shift is sensible as negative rates do not appear to have fuelled bank lending, but...