Market Overview

E-Commerce sales jumped a strong 4.5% but before anyone gets too excited by the sales growth, E-Commerce represents only 8.1% of sales. Seasonal variations are also in play.E-commerce represents sales...

The bottom line is that we think the financial/banking system is tightening and we are now defensive. We have raised cash in our US ETF accounts, and we have taken bond profits and shortened duration...

On the surface the ZEW Economic Sentiment report today will not get too much attention outside of Europe. FX traders didn’t react with any massive fear and did not sell off the Single Currency...

Forex News and EventsZEW Eurozone Survey is bouncing back The ZEW indicator consists of a survey of around 350 economists. Last month, the July release uncovered the underlying difficulties of the...

Overnight trading hinted that the appetite in the yen has not been fully exhausted. The USD/JPY extended losses to 100.13 as the US dollar weakened against all of its major peers.The yen has been...

The US dollar is being sold across the board today. The US dollar index is off 0.65% late in the European morning, which, if sustained, would make it the largest drop in two weeks.The proximate cause...

The market’s disconnect with reality continued last week. With 91% of S&P 500 companies reporting, the year-over-year decline in overall earnings remained steady at (-3.5%). It will be...

CurrenciesEUR/USD – we are breaking through the resistance around the 1.12 level again as we are awaiting more European data and also data out of the US. However, tomorrow will be very important...

Oil: The power of positive thinking The Aussie dollar gained 0.3% and moved up to US$0.7673 ASX SPI futures are 7 points higher at 5502 WTI oil gained 3.2% overnight on further OPEC speculation The...

On Monday, August 15, 2016, Nightly Business Report (NBR) started its daily broadcast by noting another triple of all-time highs across the major indices – the S&P 500 (SPY (NYSE:SPY)), the...

The commodities sector is suffering from lackluster prices, weak demand and, in many cases, overproduction but one sector is on the up, and that’s precious metals. Particularly gold and silver...

Australian dollar stays in tight range after RBA meeting minutes explained the rate cut this month. The minutes noted that "while prospects for growth were positive, there was room for stronger...

In the euro area, focus remains on the impact on the economy of the UK's decision to leave the EU with the release of ZEW expectations. The impact has been seen mainly on investor sentiment as...

Spreads have tightened significantly over the summer with the lows of iTraxx Main and iTraxx Crossover last week being 34bp and 113bp lower, respectively, than the highs that followed market...