Market Overview

While waiting for Brexit…The chart illustrates trade relationships of an economy with the United Kingdom (UK) by products (64 items): The higher the share of the UK as a destination of exports...

EUR/GBP has rallied substantially over the past week as Brexit has returned as a theme in the market.EUR/GBP is technically overbought and we see a high risk of a correction lower in connection with...

The key US data release today is the ISM non-manufacturing index (16:00 CET). The index fell from 55.5 to 51.4 in August, the lowest level since the crisis. As the US service sector has been the main...

GBP/CAD Today’s support: - 1.6740, 1.6726, 1.6708 and 1.6696(main), where correction is possible. Break would give 1.6679, where correction also may be. Then follows 1.6655. Break of the latter...

Financial markets will remain vibrant only if ordinary folks consider them an attractive place to invest their hard-earned cash. For many, investing is simply a matter of ticking a box (let’s...

The euro is consolidating yesterday's recovery. It is trading in about a quarter cent range above $1.12. The focus is not on today's service and composite PMI, which in aggregate was in line with the...

Germany’s exports account for almost half of economic output and equals over 9% of Germany’s GDP. A relief for Germany came yesterday when Deutsche Bank (DE:DBKGn) and DAX 30 rallied. The...

Emerging market currencies suffered a substantial sell-off yesterday as market participants were less prone to load on more risk. The sell-off in the Brazilian real was also strengthen by the weak...

Economists project slightly softer rate of growth for UK Services PMI in September US jobs growth in September set to ease via the ADP Employment Report US ISM Non-Manufacturing Index on track to...

The Hybrid Lindsay model points to a high early this week (if not last Friday). While there are other highs and lows scheduled, the next important low is due late this month and getting there should...

Purely from a big picture, technical perspective, all of the weakness in Gold off of its July high at $1375.53 has carved out a corrective pattern into yesterday's low at $1281.98 (so far), which we...

Some analysts who are usually astute and show a good understanding of economics seem to put on blinders before looking at China. It’s as if, when considering China’s prospects, they forget...

We've never seen a wider spread between the FTSE 100 Index (it hit all-time highs yesterday) and the British Pound vs U.S. Dollar forex pair (now at new 30-year lows), as shown on the following...

I’m not quite sure where to start. Yesterday saw some significant breaks in one or two pairs while other pairs appear to still be caught in consolidation ranges. The extreme differences between...