Market Overview

UK Election (June 8) This time next week we’ll all be putting a cross in a small box (again) to determine which direction the UK heads over the next five years. A surprise snap election...

by Pinchas CohenBackground MacroFrom an economic perspective, China's back has been against the ropes for some time now. But, credit should be given up front: After the 2007-2008 crash, China was the...

US banks warn trading down in second quarter US markets extended losses on Wednesday on mixed data. The dollar declined further: the live dollar index data show the ICE US Dollar index, a measure of...

We open the page on the month of June and I for one hope we can break this malaise in markets, with either an upside break or at least a reasonable pullback in global equities to attract new money and...

The big decline in Caixin PMI manufacturing for May confirms that the downside risks to Chinese growth are increasing. China is set to weigh on the global business cycle and has turned from a...

by Pinchas CohenThe Big NewsJapan leads Asian markets, whereas China produces contradictory official data, raising renewed questions about government reporting Yen slips, while onshore yuan is set for...

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...

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...

Australian dollar was given a brief boost by retail sales data in Asian session but quickly reversed. It's trading as the biggest loser so far for the day and the week. Retail sales rose 1.0% mom in...

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...

This morning the National Association of Realtors released the April data for their Pending Home Sales Index. Here is an excerpt from the latest press release: Lawrence Yun, NAR chief economist, says...