Market Overview

Those who have pushed the risk down the wealth-power pyramid are confident the Federal Reserve will continue to limit the risks of speculative financialization. One of the most pernicious consequences...

FTSE -17 points at 7435DAX -33 points at 12272 CAC -7 points at 5183 Euro Stoxx -8 points at 3483 The Federal Reserve’s (Fed) July meeting has been a big disappointment for the US dollar bulls....

Market Movers Today In the euro area, the most important data release today is money supply and private sector bank lending. In June, lending to households and non-financial corporations continued...

As expected, the Fed maintained the target range at 1.00%-1.25% and made no big changes to the statement.The Fed wants to begin the process of shrinking its balance sheet 'relatively soon'. Without...

We are living in the greatest debt bubble in the history of the world. In 1980, total government and personal debt in the United States was just over the 3 trillion dollar mark, but today it has...

Modest growth for UK retail spending is expected in today’s CBI survey data Brexit uncertainty and higher inflation are weighing on consumer sentiment US durable goods orders should surge to a...

This morning's release of the June New Home Sales from the Census Bureau came in at 610K, up 0.8% month-over-month from a revised 605K in May. Seasonally adjusted estimates back to March were also...

The Canadian dollar rose on Wednesday after the Federal Open Market Committee (FOMC) statement kept interest rates unchanged as expected. The biggest highlight of the Fed’s communication was the...

A dovish FOMC keeps oil’s bull run alive and boosts gold’s march higher.OILMuch was made overnight of oil’s positive price action but in fact it has left me somewhat underwhelmed....

The latest hard data on global trade continues to show a picture of global trade volumes returning to trend growth. We look at the CPB global trade monitor data and the RWI/ISL global shipping...

The Fed has articulated its concerns about the low level of inflation in the US which lessens the likelihood of a December rate hike. The US dollar then dropped against the other major currencies in a...

This evening's FOMC decision is being billed as a non-event but that kind of apathy is an elixir for volatility. The healthcare vote in the Senate adds new US dollar risks this week. Market...

July's FOMC statement reads very much like the June statement. There were some minor tweaks in the first paragraph that discusses the broad economic performance since the last FOMC statement. There...

SPX Monitoring purposes; Covered short on 7/6 at 2409.75=gain 1.2%; Short SPX 6/26/17 at 2439.07. Monitoring purposes Gold: Neutral Long-Term Trend monitor purposes: Neutral. Yesterday we said,...