Market Overview Analysis & Opinion

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...

European bourses are expected to open moderately higher on Monday following a mixed end to trading on Friday and concerning trade figures from China over the weekend. The trade balance figures were...

- A few quick thoughts from around the marketsFor tactical traders, the fractal comparative we've followed between the Nikkei and yen (09') appears to be nearing another downside pivot. From a...

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%...

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...

A critical driver in the foreign exchange market, and the global capital markets more generally, is the continued preparation by the Federal Reserve for a rate hike, while many other central banks,...

Slowdowns in the U.S. and the U.K.Yesterday, we learned that New Home Sales south of the border had slowed in September, bringing the annual average to 468,000, or below the forecast of 550,000. This...

This week the scorecard recommends buying CAD, NOK and NZD, while selling EUR, USD and CHF.Last week's signals resulted in a 1.6% loss. Especially the long NOK and SEK positions were expensive, while...

Introduction As a petro-currency, the Canadian dollar has fallen from parity with the USD by as much as 30% in the space of less than two years. In 2009, Canada`s current account turned negative,...

The combination of the dovish signals from the European Central Bank and the rate cut Friday by the People’s Bank of China lifted the US dollar just as it was threatening to fall through the...

The media loves to report that Saudi Arabia is on the edge of a financial cliff. Last week, the Guardian reported on a “secret” memo in which King Salman ordered “unprecedented...

Canadian Club: In yesterday’s Daily Market Update, we took a look at trading the Bank of Canada interest rate decision in the wake of elections, which saw the Liberal’s Justin Trudeau...