Market Overview

The US dollar is mostly firmer against the major currencies. It is consolidating yesterday's losses more than staging much of a recovery. Even sterling, where a YouGov poll has the Tory lead at three...

EUR/JPYToday’s support: - 124.54, 124.20 and 124.05 (main), where correction is possible. Break would give 123.75, where correction also may be. Then follows 123.52. Break of the latter would...

The future is rapidly moving towards us. At this very moment, dozens of new apps are being developed that rely on blockchain technology, most of them based on the Ethereum network.Last night a new...

Today we have PMI releases for May in the UK, Norway, Sweden, Spain and Italy, and US ISM manufacturing.In the US, we will also get the ADP job report where the market consensus is for 180,000 new...

Downward revision of global growth but still a moderate recoveryTrumponomics not set to lift US growth Chinese policy tightening to put brake on growth Europe currently a bright spot but not immune to...

Sterling clearly remains poll-sensitiveYesterday, the pound suffered another day in the demonic washing machine that is UK politics, as the losses inspired by the YouGov projections of a hung...

European equity markets are expected to open on a positive note, with focus on Thursday remaining on the UK election, as well as the latest oil inventory data from EIA and a raft of other data from...

MF Global failed on a trade that would have made it enormously profitable. AIG’s portfolios of “toxic waste” ended up making money for the Federal Reserve. Bear Stearns and Lehman...

The Chicago Business Barometer, also known as the Chicago Purchasing Manager's Index, is similar to the national ISM Manufacturing indicator but at a regional level and is seen by many as an indicator...

Note: This commentary has been updated to include yesterday's release of the April data for Real Personal Income Less Transfer Receipts.Official recession calls are the responsibility of the NBER...

Note: The NYSE has released new data for margin debt, now available through April.The New York Stock Exchange publishes end-of-month data for margin debt on the NYX data website, where we can also...

UK Manufacturing PMI for May on track to hold on to recent gains Economists see a modest rise for the US ADP Employment Report in May Another month of softer growth is projected for the US ISM...

Trump Withdraws US from Paris AgreementTrump will withdraw from the Paris agreement on climate change. This will kick-start a three-year withdrawal process to leave the agreement. Or Trump could...

I cannot stress strongly enough the importance of understanding where the markets are currently technically located, with regards to different time frames and which help to guide all my trading and...