Market Overview

Of late, we've heard from a few macro traders that are looking for the Treasury market to catch up with the recent decline in commodities (Figure 1). Essentially betting that the dominant...

The US dollar turned in a mixed performance in the week after the strong jobs data boosted expectations that the Fed's lift-off would take place next month. The Fed funds futures imply a 20.5 bp...

The evolution of national economies tends to follow a well established pattern. They all start out as mostly agricultural economies. They evolve into manufacturing economies. In the next stage of...

The figures coming out of China are mixed. Industrial production is decelerating and missed expectations; fixed asset investment slowed, but was in line with expectations; and retail sales rose and...

Portugal has entered a phase change, with potentially huge ramifications.After handing a parliamentary majority to a coalition of leftist (i.e., anti-austerity, anti-euro, anti-NATO) parties, and then...

It seems worries over an imminent rate hike by the Fed has caught up with Asian markets after they shrugged off these concerns yesterday. The poor performance of European and US markets overnight...

Six of eight indexes on our world watch list posted gains over the past week, up from three up the previous week. China's Shanghai Composite was the outstanding performer, up a whopping 6.13%....

The US dollar and yields surged as the divergence meme, which had been increasingly doubted, returned with a vengeance. The 271k rise in nonfarm payrolls was the most this year. The 2.5%...

The New Zealand dollar fell strongly overnight as a highly negative Global Dairy Trade (GDT) result saw bearish selling mount. The pair now looks to be under significant pressure as price action falls...

RBA Hawkish? Huh?: Following the Reserve Bank of Australia’s decision to yesterday leave interest rates unchanged, the Aussie dollar doesn’t really know where it is at the moment. Hawkish,...

As the market largely focuses upon the game being played over the potential for US rate hikes, a larger economic crisis is brewing within the world’s factory, China. Despite a range of...

Today sees the 155th running of the Melbourne Cup at 3pm AEDT; the $6.2 million race has not seen such a short price favourite in Fame Game since So You Think in 2010, and has not seen this many...

US markets had another blockbuster day yesterday and the stock market closed higher with a gain of nearly one percent. The sectors which were responsible for pushing the markets higher were healthcare...

Asia has not got off to a good start in November with Australian and Japanese markets seeing the worst of the selling from the open. Chinese and Hong Kong markets looked to follow their lead, but the...