Market Overview

Market’s Next Move Hangs In The BalanceWith Larry Summers out of the picture, the financial markets are facing two key questions:What does Janet Yellen want to do with interest rates?Will the...

EUR/USDEuro completed a descending movement to eliminate yesterday’s gap. We think, today the price may reach the level of 1.3320 and then complete this wave by forming another ascending...

We now expect Finnish GDP to fall 0.7% in 2013 but we maintain our forecast of 1.5% growth in 2014. Finnish GDP increased by 0.2% q/q in Q2 13, according to preliminary data. Thus, after four quarters...

Market movers today German ZEW expectations will show a strong improvement in September according to our model, which is primarily driven by the Sentix index. The consensus expectation is for a...

Buy SGBi3107 vs SGB1051 in a BEI spread, hedge by rec. 4y EUR swaps @ 34bp (145bp and 1.11%). P/L: 65bp/15bp. Carry: +12bp/3m (our CPI forecast). Half the risk in the EUR swap. Short-end BEIs are...

We expect the Fed to start tapering at the FOMC meeting this week. We expect a very gradual start with only 10bn reduction in the purchases. On top of tapering, the meeting will include a lot of...

US shares rose yesterday (September 16th) on the back of the news Larry Summers has pulled out of the race to replace Ben Bernanke as chair of the Federal Reserve. Mr Summers, who many economists...

Last week I wrote about how auto loans have reached their highest level since the third quarter of 2007 and how easy access to these loans was pushing car sales higher. Yes, ballooning auto loans are...

After opening lower against almost all currencies yesterday, the dollar bounced back during the day and is starting trading in Europe Tuesday slightly higher against most currencies than it was 24...

The capital markets may have over-reacted to news that whoever the next Chairman of the Federal Reserve may be, it most certainly will not be Summers, but they have only corrected marginally. The US...

EUR/USD Today’s support: - 1.3310, 1.3294 and 1.3252(main),where correction is possible. Break would give 1.3235, where correction also may be. Then follows 1.3207. Break of the latter would...

Asian markets were volatile and mixed today as investors are cautious before the start of the Federal Open Market Committee (FOMC) policy meeting today. The meeting will conclude tomorrow.Investors...

US equities jumped sharply overnight on Summers' news and with DOW closing strongly at 15494.78, just inches below 15658.43 high. Treasury yields initially took a beating but recovered most of the...

STOCKS: The world economy is muddling through. The US payroll tax increase and sequestration are headwinds to the US economy. China is being pressured by Japan, and both the US and Chinese housing...