Market Overview

Currently we are @ 113.60 after breaking out of the day chart downtrend. We are looking to move the US dollar to the double top @ 114.38 with an overall target of 115.51. The average daily true range...

Safe-Havens RiseNorth Korea’s successful launch of missiles with intercontinental range sent safe-haven assets higher. The Japanese yen shot up 0.1% against the US dollar, while gold also added...

I trust Slopers had a safe and enjoyable Independence Day. My family watched about seven different shows from our lofty air-conditioned perch, while I played Sousa music through a laptop. It...

Recognizing when a recession starts in real time is, for all practical purposes, impossible. The one exception to that rule is if you’re willing to endure a high number of false signals in your...

Wednesday’s main risk event and potential market shaker will be the release of June’s FOMC meeting minutes, which investors may closely scrutinize for clues on rate hike timings in the...

“There is nothing wrong with America that the faith, love of freedom, intelligence, and energy of her citizens cannot cure.” – Dwight D. Eisenhower “If we just stick together,...

Market Drivers July 5, 2017 NK woes roil market earlyDollar finds buyers Nikkei 0.25% Dax -0.1%Oil$46/bblGold $1220/oz.Europe and Asia: GBP UK PMI Services 53.4 vs. 53.5 EUR Retail Sales 2.6% vs....

As if South Korea doesn't have enough problems at the moment, Korea's most popular exchange site bithumb, which is the number one crypto exchange by volume in the last 24 hours, and responsible for an...

The US dollar is enjoying a firm tone today. Yesterday's two weakest major currencies, the Australian dollar and Swedish krona are the strongest currencies, but little changed on the session. After a...

The technocrat and capital-owning class is delighted with the economy, and can't understand why everyone isn't prospering.You've probably seen some version of this chart of average household income in...

EUR/USD Eyes on today French and German Services PMI. Also Eurozone Retail Sales. Eyes on Fed’s FOMC Meeting later today. Germany Manufacturing PMI confirmed above expectations. On the other...

As the Trump reflation trade dwindles and the US president finds himself entangled in a flurry of controversy, volatility in the first half of 2017 is actually falling.The VIX, a measure of volatility...

Balance sheet more important than rate path todayFor the past fortnight or so, there has been a great deal of focus on the central banks of the Eurozone and the UK but today some of the spotlight...

NZD/CAD Today’s support: - 0.9404, 0.9388 and 0.9366 (main), where correction is possible. Break would give 0.9338, where correction also may be. Then follows 0.9315. Break of the latter would...