Market Overview

If price action is a road map of supply and demand and a portrayal of whether the bulls or bears are control of a market, then it seems that the bulls are firmly back in charge. As said before, 2016...

The German IFO is likely to mirror the PMI data and show a flat to moderate improvement. Our forecast for IFO expectations at 100.1 in May from 100.4 in April is slightly below consensus at 100.6 but...

Last week, several Fed officials suggested they might raise interest rates at the Fed meeting scheduled for June 14 and 15.The dollar strengthened and the gold price declined following their...

New home sales surged in April to 619k SAAR. That was the highest rate, by far, since January 2008 more than eight years ago. It was also the biggest monthly gain in twenty-four years, which either...

The short term leadership is shifting as the dollar comes off its lows. Energy and materials had been leading the market during the recent period of dollar weakness. As the dollar found its footing...

There are a number of reasons why adopting the USD is a natural choice for any Venezuelan government that is not bent on self-destruction. Let's start our analysis of Venezuela's economic plight with...

In a “breakthrough” agreement to kick the can until after the next German elections, the IMF backed down on its demand for immediate debt relief for Greece now.According to the agreement,...

The equity markets took off higher today with SPX gaining $28 to close at $2076, near the December 2015 high just above $2080. Russell traded even more strongly, up $24 to $1135. Volatility dropped...

Sell EURSEK @ 9.30 over anticipated strong GDP data next week as it offers some protection to roll down and yield spread positions (vs. GER) in Swedish rates.To read the entire report Please click on...

Today the Richmond Fed Manufacturing Composite Index fell 15 points to -1 from last month's 14. Investing.com had forecast 9.0. Because of the highly volatile nature of this index, we include a...

This morning's release of the April New Home Sales from the Census Bureau came in at 619K, up 16.6% month-over-month. Seasonally adjusted estimates for January 2014 through March 2016 were revised....

Over the last several weeks, I have discussed the market's entrance into the “Seasonally Weak” period of the year and the breakout of the market above the downtrend line that began last...

US stocks ended lower on Monday on concerns Federal Reserve may hike interest rates in June instead of later in the year as market participants currently anticipate. The dollar weakened with yen...

More news from the FedTwo regional Federal Reserve Presidents, John Williams of the San Francisco Fed and Patrick Harker of the Philadelphia Fed, stated yesterday that two or three interest rate hikes...