Market Overview

I have a lot of cricket fans in my office and it is that time of the year again — the excitement during the Ashes is palpable.I can’t count myself as one of them, nor do I have profound...

The crowd has been fleeing commodities since last year and continues to do so. My contrarian instincts are on full alert. However, I’m hard pressed to make the case for a sufficient pickup in...

The US dollar rose against nearly all the major and emerging market currencies in the past week. The notable exception among the majors is sterling, where hawkish BOE comments and another rise in...

New Zealand: room for further rate cuts The odds of further monetary easing from the Reserve Bank of New Zealand had increase considerably as weak underlying inflation gives Governor Wheeler room to...

China Q2 data on targetThis week, just 15 days after the period end, China reported its GDP result for the second quarter of 2015, hitting market forecasts between the eyes to come in at 7.0...

Despite the Shanghai Composite Index’s fall remaining front page news, this week’s Chinese GDP result quietly threatens to show signs of a slowdown. The GDP y/y result is forecast at 6.9%...

Is it a banana? In the 19th century, downturns were called “depressions.” However, the term got a bad name in the 1930s, and “recession” was coined. Alfred Kahn, one of...

Can you decipher the notes?:It’s now coming into Wednesday after the weekend’s referendum vote, and low and behold, Greek banks are still closed, deadlines are still being pushed back, and...

Market Drivers for July 6, 2015 Greece Votes NO Varoufakis resigns rallying euro on hopes of more constructive talks Nikkei -2.08% Europe -0.62% Oil $55/bbl Gold $1166/oz. Europe and AsiaAUD: ANZ Job...

Well clearly the answer is no and the Greek turkeys have done the same. No great surprise, and perhaps even less so when you consider the questions being asked.Question one, would you like to pay more...

It is difficult to make much sense of the short-term price action in the foreign exchange market since so much is spurred by this or that headline about Greece. On the week, the euro lost about 0.6%...