Market Overview

February’s official figure from the People’s Bank of China, illuminating the volume with which Chinese foreign currency reserves have been spent printed at a $28.60 billion monthly total,...

For months I've been saying that the CRB would form its final 3-year cycle low along with the 7-year cycle low in the stock market. This has been the pattern for the last decade and a half.Considering...

European markets lack direction this morning. The FTSE found itself thrown into the hands of a confused market. A very short-lived rally followed the negative open, as energy and materials gained on...

This week the G10 FX Financial Scorecard recommends buying CAD, USD and JPY while selling NOK, NZD and EUR.Last week's signals resulted in a 1.0% loss. In particular, the short NZD position was...

EUR/USDCurrent level - 1.0948 The recent break through 1.0910 confirms a reversal at 1.0824 and the overall outlook is bullish, for a rise towards 1.1070 area. The intraday bias however is negative...

The US dollar is retracing part of its pre-weekend losses against the European currencies and dollar-bloc today while falling equity prices are underpinning the yen.Brent is nearing $40 a barrel, and...

New policy same as the old policy in ChinaChina is backing itself to avoid a hard landing, according to policy announcements at the National People’s Congress over the weekend. The huge meeting...

European markets are focused on the upcoming ECB meeting later this week and a few member of the ECB committee will also be setting the stage ahead of the meeting outcome. The expectations are...

We expect the ECB to announce another menu of monetary policy easing including a 10bp deposit rate cut together with an introduction of a two-tier deposit rate system and a front-loading of the QE...

The latest IMM data covers the week from 23 February to 1 March 2016.To read the entire report Please click on the pdf File Below

In Sweden, first out is the budget balance (Monday at 09:30 CET): not the SNDO-numbers (that do have market impact) but the once from Statistics Sweden (SCB). On Wednesday (at 09:30 CET), the SCB...

First off, Friday’s nonfarm payrolls (NFP) marked a solid check. The better-than-expected employment change is a huge positive. Unemployment held at 4.9% which is pre-GFC levels, although...

The financial markets open mixed this week with dollar paring some of last week's loss but stays weak. Asian equities are trading slightly lower at the tie of writing with Nikkei down -103.46 pts or...

Since stock markets are ultimately underpinned by corporate profits, let's ask: What factors could crush profits in 2016? The basic idea of a balance sheet recession (attributed to Richard Koo) has...