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The news that a majority of British voters decided to leave the European Union on June 23rd caught most market participants by surprise and initially triggered sharp losses in global risk assets by...
The initial shock of last week's decision by the UK to leave the EU appears to have worked it's way through the markets. Having recalibrated, traders are now starting to anticipate what may happen...
Stock markets don't go straight up or straight down forever and trading reversals are common. Two days of heavy losses has sparked a round of short covering and bargain hunting in Europe sending the...
Aftershocks from last week's Brexit earthquake continue to rattle windows through world financial markets to start the new week. Unlike Friday's action that saw a tsunami sink most boats, today's...
So I saw on Friday that former Fed Chairman Alan Greenspan says this is the worst crisis he has seen. Bigger than the 1987 Crash? Bigger than the failure of Long Term Capital? Bigger than the internet...
The unwinding of what has turned out to be the biggest head fake in history has sparked huge swings in world markets overnight. Traders who ignored the polls calling for a very close vote and...
Almost everyone is assuming the Brexit vote is going to be negative for gold. But gold hasn't been going up because of Brexit. The market has known for months that Brexit is going to fail.Gold has...
Stock markets around the world have gone quiet overnight with traders having priced in their expectations of tomorrow's UK Brexit referendum. With polls showing momentum swinging back from a...
Shockwaves from the shocking murder of UK MP Jo Cox has continued to send shockwaves around the world overnight. Markets that didn't participate in yesterday’s reversals are up the most with the...
Capital continues to flow out of risk markets back into defensive havens on a combination of seasonality, central bank comments and positioning for a potential Brexit. Gold is up 1.5% today clearing...
After stabilizing in the US yesterday afternoon and Asia Pacific trading overnight, stocks in Europe have roared back to life today with the FTSE up 0.8%, the Dax up 1.0% and the CAC up 1.4%. US...
It has been another volatile night for world markets. Capital has been exiting stock markets for havens in bonds and elsewhere although the declines have not been as severe as yesterday. The Nikkei is...
Stock markets around the world are falling to start the week while defensive havens are rallying ahead of several major potentially market rocking events including meetings of the Federal Reserve...
May and June have historically been two of the weaker months of the year for stocks but have been acting better than usual through the spring so far this year. Trading over the last couple of days...
Total Canadian employment was up by 14K jobs in May, above the consensus estimate of +2K and our call of +8K. Monthly LFS numbers are usually noisy and the month of May is no exception. The...