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Market Overview

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Rising Confidence
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 - Apr 23, 2014

Growth accelerated in April according to the flash reading of the PMI surveys released this morning. The Composite PMI for activity, which tracks quarter-on-quarter GDP growth relatively well, rose to...

 
Daily Forex And Dow Jones Recommended Levels: April 23, 2014
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 - Apr 23, 2014

EUR/USDToday’s support: - 1.3788(main), where correction is possible. Break would give 1.3764, where correction also may be. Then follows 1.3747. Break of the latter would result in 1.3731. If a...

 
UK’s Modest Investment Recovery Still A Concern
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 - Apr 23, 2014

Forex News and Events: The FX markets trade on economic data / news today. The softer-than-expected AUD inflation, the ongoing contraction in China, the lower budget deficit in UK and optimistic BoE ...

 
Eurozone PMIs, US PMI And New Home Sales
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 - Apr 23, 2014

An early look at the economic trend in April is on tap for today via several flash PMI numbers for Europe. The first estimate of this month's manufacturing PMI data for the US will be published today ...

 
Manchester United Shares Hit 8 Month High After Moyes Sacking
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 - Apr 23, 2014

Currencies EUR/USD: The pair is currently trading above the support level of 1.3785 on a 30 minute time frame, having rebounded off this level 3 times in the past few days. The next resistance ...

 
Indices Up On US Companies Data
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 - Apr 23, 2014

Reports from the largest US companies that demonstrated good quarterly results, are pushing indices up. Due to this, optimism continues in the US stock market. The Dow Jones Industrial Average Index ...

 
Danske Daily: Focus On Global PMIs  
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 - Apr 23, 2014

Today focus will be on global PMIs. We forecast euro manufacturing PMI to decline slightly after it peaked at 54.0 in January. The development in the order-inventory balance does not point to further ...

 
Manufacturing Employment Increase Signals Economic Growth
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 - Apr 23, 2014

It’s widely recognized that the manufacturing sector is highly sensitive to the business cycle. Employment trends in this corner tend to react earlier to macro distress compared with payrolls ...

 
Japanese Equities On Rebound
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 - Apr 23, 2014

Currencies The euro (EUR) has twice edged higher after the low of 1.3786 against the dollar this week. The single currency may be tested today as French and German Manufacturing data are released ...

 
Aussie Tumbles On Low Inflation Data
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 - Apr 23, 2014

The Aussie tumbled sharply today on lower than expected inflation data. Headline CPI rose 0.6% qoq, 2.9% yoy in Q1. The yoy reading showed acceleration from prior quarter's 2.7% but that was below ...

 
US Indices Close Higher, Bullish Run for European Equities
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 - Apr 23, 2014

A snapshot view of yesterday’s events from the New York - London session: - Investor confidence continued to grow in the US following positive corporate earning - US Existing home sales were ...

 
Is Slow Growth Bullish?
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 - Apr 23, 2014

I’ve previously made the case for a secular bull market in stocks on the premise that subpar economic growth in the US and around the world reduces the likelihood of a recession. That’s because slow ...

 
Yet Another Mediocre Housing Data Point
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 - Apr 23, 2014

The National Association of Retailers released its existing home sales data for March yesterday.  The number continued to confirm softness in housing markets.  In March, existing homes were sold at a ...

 
Further Congestion Trading, Dollar Restricted
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 - Apr 23, 2014

While we did get some modest moves yesterday they weren’t quite as firm as I had wanted to see. While one or two of the Europeans have a structure that could trigger firmer moves there are also ...

 
Q1 Weakness Not Just A "Weather Report"
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 - Apr 22, 2014

There has been much "hope" by mainstream economists that the slowdown in economic growth in the first quarter of this year was simply due to the blast of inclement weather that shuttered production ...

 
Ahead Of Wednesday's Data
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 - Apr 22, 2014

The euro firmed as European participants returned from the long holiday weekend. However, the market lacked much enthusiasm and the euro ran out of steam ahead of Monday's high near $1.3830 and has ...

 
Is US Inflation Headed Higher?
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 - Apr 22, 2014

Has the slow decline in the pace of consumer price inflation in the US hit bottom? If so, is that good news for the economy? A cautious “yes” applies in both cases, albeit with the usual caveats. ...