Market Overview

by Eli WrightOil prices gave energy stocks a boost yesterday, bumping Wall Street to all-time highs. Asian markets followed overnight. The Nikkei closed 0.31% higher, at 18,162.94; the Shanghai...

EUR/CHFToday’s support: - 1.0704, 1.0681, 1.0665 and 1.0651 (main), where correction is possible. Break would give 1.0631, where correction also may be. Then follows 1.0617. Break of the latter...

Trump snubs nose at the Trans-Pacific PartnershipAs President-elect Trump has been focussing on assembling his cabinet ahead of his ascension to the Oval Office on January 20th next year, he’s...

Euro area consumer confidence for November is due to be released at 16:00 CET. Consumer confidence improved to -8 in October versus August, but it is not certain that the positive trend will continue....

CurrenciesEUR/USD – after a very long period in which the EUR weakened every single day versus the USD, yesterday was the first time we saw the EUR strengthen again the USD. This comes in part...

Equities SoarThe holiday week trading conditions were little deterrent to US investors who ramped up their portfolio as major US indices rocketed to record highs. For the most part, this was spurred...

Key Points: A victory for Le Pen is now a real possibility. The promise of a “Frexit” could end the EU and the EUR. French Presidential polling data could become the news to...

It is an apparent contradiction to where we can describe a desperate money supply situation yet stock prices, in particular, are at all-time highs, or at least outwardly unconcerned about all of it....

The U.S. economy continues to fire higher as evidenced by last week’s strong list of economic data. Throw on top of the potential for a trillion dollars of infrastructure spending, a trillion...

The Chicago Fed's National Activity Index, which we reported on Monday morning, is based on 85 economic indicators drawn from four broad categories of data:Production and Income Employment,...

I was looking for a pullback lower in the dollar – although would have preferred a minor new high first. Clearly that didn’t happen, but then things began to get weird. The outcome, I...

Canadian dollar hanging onSince Trump was elected, the U.S. dollar (USD) has gained so much against the other major currencies that it has reached highs unseen in nearly 13 years. The Canadian dollar...

On election night, as political analysts were coming to terms with the possibility of a Trump presidency, the Dow Jones futures plummeted over 800 points and Japan's benchmark Nikkei 225 plunged more...

Gold prices edged up in the Monday session. In the North American session, the metal is trading at $1211.84. On the release front, it’s a quiet start to the week, with no US events on the...