Market Overview

VIX rallied early in the week, but pulled back to the trendline by the close.This appears to be a valid reversal pattern.If so, payback may be coming in a very big way to those who have become...

CurrenciesEUR/USD – the weak GDP data out of the US was enough to breach through the resistance around the 1.1116 level and we came close to the next resistance level near the 1.12 level. It...

The last Housing Market Review covered data reported in June, 2016 for May. At the time, the iShares US Home Construction (NYSE:ITB) had just reversed all its post-Brexit losses along with a sharp...

AU RBA Interest Rate Decision today is likely to cut rates further by another 25 basis points. If RBA surprises the market by keeping rates unchanged or overcut by 50 points instead, we should see...

The U.S. Federal Reserve and Bank of Japan both provided additional ‘insights’ for investors last week, but they did not put to rest the lingering nervousness that pervades. The word...

The news Friday that 2nd quarter GDP expanded by a tepid 1.2% from the previous quarter (annualized) marks a change that needs to acknowledged. The last two years we have seen a pattern of a weak...

Trading the market is all about outcomes, and it’s no surprise that we are driven to win every single day. When you’re plugging along and banking some nice wins, all is right with the...

EM ended last week on a firm note, helped by the weaker than expected US Q2 GDP report as well as the small bounce in oil. With the RBA and BOE expected to ease this week, the global liquidity...

The Presidential SagaThe presidential elections have a profound impact on the economy and the markets. Authors Jeffrey A. Hirsch and Yale Hirsch examine yearly what is known as the Presidential...

The title (above) of Peggy Lee’s hit song from 1969 captures the general reaction to the BEA’s first release of second-quarter GDP for 2016. The 1.2% growth for the quarter was not only...

In its recently-published update of the world economic outlook, the International Monetary Fund (IMF) revised down its forecast for global growth in 2016 by 0.1 percentage points (pps) to 3.1%. The...

To better understand this week’s Fed announcement, it’s important to compare the economic backdrop between the June 14-15 and July 26-27 meeting. While first quarter GDP growth was...

The Weekly Charts for Nasdaq, Gold, Miners, France, UK, Germany, US Dollar and the Euro.Most traders are so short-term oriented that they forget to look at the weekly charts. The weeklies will tell...

The Markit China Manufacturing PMI crossed into positive territory, but barely. This is the first positive reading in operating conditions since February 2015. July survey data signalled a renewed...