US ISM Services and ADP Employment data came in slightly softer than expected overnight, taking the froth of equity markets which seem to be struggling for...
Overview: Disappointing German, French, and Italian PMI reports helped send the euro to almost $1.1985, its lowest level in about two and a half weeks, and...
Yellen comments on interest rates send Nasdaq tumbling Treasury Secretary (and former Federal Reserve Chairperson) Janet Yellen perhaps wished she had used less extreme words last...
Oil markets gush higher If equity markets were showing Yellen-induced rate nerves, oil markets were not. Both Brent crude and WTI rallied impressively for the second...
Overview: After seeing its pre-weekend gains pared yesterday, partly due to some disappointing data, the US bounced back today. It is posting broad gains, and the...
US Manufacturing PMI underperforms Although the world loves it when a plan comes together, an opposite reaction occurs when it doesn’t. Such was the case overnight...
The US dollar sharply reversed much of Friday’s month-end gains as ISM Manufacturing data disappointed. I suspect that much of the greenback’s rally on Friday was...
Here Are The Best Performing Assets In April And YTD April was another solid month for financial markets, with 31 of the 38 non-currency assets in...
After generally trending higher in the first quarter, the dollar slumped in April. An important leg of support was cut, as interest rates fell. The 10-year...
Overview: The capital markets are off to a cautious start of a week that features the central bank meetings in the UK, Australia, Norway, Poland, Czech,...
The Australian dollar is steady in the Monday session. In European trade, AUD/USD is trading at 0.7722, up 0.14%. The US dollar showed some broad strength...
The first trading day of the new month has seen the release of pan-Asia Pacific Manufacturing PMI’s. The results have been positive and should go some...
The US dollar traded heavily most of last week but rebounded ahead of the weekend, with some month-end flows impacting. The Japanese yen was a notable...
Everyone on Wall Street is trying to figure out if the peak in Treasury yields will stick for a while now that the US is approaching...
After a strong hand over from Wall Street, European stocks are pushing higher on Friday. Bourses are extending gains boosted by broadly upbeat corporate earnings and...
European stocks edged broadly higher on Thursday, boosted by positive corporate earnings and the Fed’s dovish stance. The broad mood in the market is upbeat after...
Oil extends gains on a strong demand outlook Oil prices are charging higher for a third consecutive session on fuel demand optimism. The oil market is...
The Japanese yen is in negative territory on Thursday. In the North American session, USD/JPY is trading at 109.03, up 0.41% on the day. US GDP...
Fed holds the course Investors moved back into the global recovery trade overnight as the Federal Reserve stayed “on message” and was suitably dovish at its...
Technology earnings send Nasdaq to record high The buy everything gnomes were out in force overnight, with US stocks markets closing at or near record highs...
US dollar eyes FOMC meeting The US dollar had a mixed session overnight, falling against the risk-sensitive Commonwealth currencies but rising mostly versus the majors, with...
EUR/USD is taking a pause after ending the week with strong gains. In the European session, EUR/USD is trading at 1.2074, down 0.19% on the day....
S&P Futures Flat Ahead Of Earnings Deluge; Nasdaq Drops As Tesla Looms S&P futures were flat, Nasdaq futures dipped ahead of FAAMG earnings while European stocks...
Is the reflation trade that favoured value stocks, cyclicals and small caps already over? We do not believe so. The factors that recently turned against this...
US dollar broadly lower The US dollar eased on Friday after the rise in US yields post-data quickly ran out of steam, with the US 10-year...
Oil remains in range-trading mode A weaker US dollar on Friday, following robust US PMI data, allowed the global recovery trade to move into the ascendant....
The week ahead is important from a macro perspective. The Bank of Japan and the Federal Reserve meet. The US and the eurozone provide the first...
Why Interest Rate Management Fails Authored by Alasdair Macleod via GoldMoney.com, This article explains why attempting to achieve economic outcomes by managing interest rates fails. The...
Wall Street could see more volatility during a very busy trading week that is filled with a wrath of central bank decisions, surging international COVID-19 cases,...
2020 was a crazy year for investors, and convertible securities had an especially wild ride. From the beginning of the sell-off on Feb. 20 to their...