Outlook Archive

  • Monthly Economic Outlook – August 2010

    Monthly Economic Outlook – August 2010

    Our outlook has no double-dip, no V-shaped recovery, no hyper-inflation in response to the Fed’s enlarged balance sheet, and no deflation in response to the Fed’s failure to increase the balance sheet even more. Instead, our outlook is for moderate, subpar growth during the second...

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  • International Financial Outlook August 2010

    International Financial Outlook August 2010

    Signs of weaker economic growth in the US has led to a fall in the dollar and a rise in its counterparts. Notable amongst the latter has been the seeming turnaround in the fortunes of the euro. It has moved from being under 1.20 versus...

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  • International Financial Outlook July 2010

    International Financial Outlook July 2010

    Overarching themes driving global financial markets have not changed significantly in the last month but some of the intensity has faded. Renewed euro buying relative to the dollar does not mean that concerns about the risk of sovereign debt default in Europe has gone away...

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  • Weekly Review and Outlook: Defining Week for Dollar ahead, Would Trend Line Support Hold?

    Weekly Review and Outlook: Defining Week for Dollar ahead, Would Trend Line Support Hold?

    Dollar and yen were broadly lower last week as stocks rebounded strongly on hope for solid earning reports. S&P 500 posted the biggest weekly gain in a year and rose 5.4% over the week. DOW also jumped 5.2% to close above 10,000 again at 10198....

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  • GBPUSD – Outlook Higher But Consolidating

    GBPUSD – Outlook Higher But Consolidating

    Having continued to maintain its consolidation price activities, we expect GBP to eventually end that correction and prompt further upside momentum aiming at its falling trendline presently located at the 1.5314 level. This level is likely to hold as resistance on initial test and turn...

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  • Monthly Economic Outlook – July 2010

    Monthly Economic Outlook – July 2010

    The wave of disappointing economic reports this past month combined with the inability of the Administration to push additional stimulus through an election-wary Congress has reawakened fears about a double-dip. We continue to believe such fears are overblown. We remain concerned that so much stimulus...

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  • Weekly Review and Outlook: Swiss Franc and Japanese Yen Shone as Stocks Tumbled. …

    Weekly Review and Outlook: Swiss Franc and Japanese Yen Shone as Stocks Tumbled. …

    Swiss Franc and Japanese yen were the major winner last week and another round of risk aversion moves. We had DOW, FTSE and Nikkei, as well as some other major stock indices made new 2010 low. Commodity currencies were hardest hit with respective yen and...

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  • Weekly Review and Outlook: Yen Broadly Higher as Equities Reversed, Dollar Lagged Behind

    Weekly Review and Outlook: Yen Broadly Higher as Equities Reversed, Dollar Lagged Behind

    Price actions in financial markets were rather mixed last week. The Japanese yen was the biggest winner on risk aversion as global equities posted sharp decline. DOW, FTSE and Nikkei all had single reversal weekly bar. DOW closed the week -2.9% lower. FTSE was down...

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  • International Financial Outlook June 2010

    International Financial Outlook June 2010

    Financial markets continued to gyrate wildly in the past month. That said, the package of support measures from European governments has helped to calm fears of imminent default in the so-called peripheral countries in the euro zone, like Greece, Ireland, Portugal and Spain. Nevertheless, a...

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