Daily Fundamental Analysis

• 29 July 2010: Yields Range Close to Home
  Yields are relatively static with dealers reluctant to sell bonds towards the top of the recent yield range for lack of evidence that central banks will normalize monetary policy anytime soon. Nevertheless they appear reluctant to dive deeper into the traditional safe haven offered by fixed income on signs of
• 29 July 2010: US GDP Preview: Unchanged Pace but Not Impressive
  Tomorrow's US GDP report will show that the economy grew 2.6% quarter-on-quarter annualized aided by consumption growth of 2.6%. But while the numbers are not too shabby relative to the historical trend, given the amount of stimuli and with the economy about the shift down in gears it is certainly
• 29 July 2010: U.S. Initial Jobless Claims Fall
  Initial unemployment insurance claims fell -11,000 to 457,000 for the week ending July 24, partially reversing the previous week's 41,000 rise to an upwardly revised 468,000 level (initially reported as 464,000). The drop beat market expectations going into today's report for the level of claims to dip to 460,000. The
• 29 July 2010: Dollar on the Ropes as German Jobs Reach Near 2-Year High
  The U.S. dollar index reached its lowest point in three months as differences in the pace of recovery between the U.S. and the Eurozone rise to the surface. The latest evidence shows growing confidence within the region. Meanwhile the anecdotal U.S. regional evidence from the Fed's 12 districts continued to
• 29 July 2010: Housing Doubts to Unsettle Sterling
  Domestic economic doubts are liable to increase over the next few weeks with particular reservations over the housing sector following recent data. This will represent a growing threat to Sterling as recent optimism is liable to be mis-placed. Global risk trends will also be important for the UK currency and