Market Overview

by Pinchas CohenYesterday’s equity rally—which took the S&P 500 and NASDAQ to new record high closes for each—is showing signs of fading, even as oil continues to extend its...

CHF/JPYToday’s support: - 113.85, 113.33, 112.95 and 112.73 (main), where correction is possible. Break would give 112.62, where correction also may be. Then follows 112.47. Break of the latter...

Heeeeeerrree’s DONALD!Yesterday we said that the politics of the world seemed to have calmed down. That lasted a little less than a day with focus once again bearing down on the Trump...

While oil prices and Canadian Dollar took headlines, it's indeed the Euro that's the outstanding one in the early part of the week. The common currency resumed recent rally against dollar is back...

The FTSE 100 renewed record regardless of the pound bulls. The index extended gains to 7480p, as Vodafone (LON:VOD) (+4.07%) rallied on solid results. The 7500p corner is just around the corner;...

CurrenciesEUR/USD – The pair is trading above $1.10 after news came out overnight that Trump may have revealed some intelligence secrets to the Russian foreign minister and ambassador. The pair...

FX NewsEuropean Outlook: Global stock markets continue to eye record highs, S&P 500, NASDAQ, DAX, FTSE 100, Korea’s KOSPI and Tawain’s Tatex as well as the MSCI World Index all reached...

FTSE -4 points at 7450DAX -12 points at 12795 CAC -20 points at 5397 Euro Stoxx 50 -7 points at 3633 The US dollar depreciated against all of its G10 counterparts, as the Federal Reserve (Fed) hawks...

The Consumer Price Index for Urban Consumers (CPI-U) released this morning puts the year-over-year inflation rate at 2.20%. It is substantially below the 3.77% average since the end of the Second...

The National Association of Home Builders (NAHB) Housing Market Index (HMI) is a gauge of builder opinion on the relative level of current and future single-family home sales. It is a diffusion index,...

I’m somewhat upset about the past two days, both of which had me scrambling but never quite clicking with the correct development. So, the call for several days, perhaps a week, of difficulties...

Market movers today Today, the Riksbank will present a proposal on target variables and possible intervals (09:30 CET). Overall, it seems likely that the Riskbank will change to target the CPIF but it...

Global FX markets: With political risks in Europe abating for now, currency market focus could increasingly turn to the global cycle where the risks from a weaker China and Fed determinedness to...

As reported on Bloomberg TV: “Barrick Gold Corp was back in favor with fund managers last quarter, before the world’s biggest bullion producer reported disappointing earnings and rising...