Market Overview

CurrenciesEUR/USD – is moving up after having found some sort of support at the lower 1.13 levels. Tomorrow will be a very important day, with inflation data out of the Eurozone and the FOMC...

NZD/USD Today’s support: - 0.6772 and 0.6750 (main), where correction is possible. Break would give 0.6734, where correction also may be. Then follows 0.6705. Break of the latter would result...

Phone polls put Remain over the topOpinion polls and London buses; none for an age and then three turn up at once. Sterling has taken a shot in the arm from the latest readings of the referendum tea...

Canada – Housing starts fell 5.4% to reach 191.5K in April. That was roughly in line with consensus expectations. The decrease in starts was felt in both urban (-4.6%) and rural areas (-12.5%)....

Financials Key ASX SupportOvernight markets continued to push higher as there was a solid move up in commodities. Some support to equities may be coming from the impressive gains in the oil price. WTI...

Aussie recovers strongly in Asian session after released of less dovish than expected RBA minutes. Meanwhile, Canadian dollar is also lifted as WTI crude oil extends recent rise and broke 48 handle....

CNBC recently reported that home construction weakened in March even as sentiment among builders remained high, but what’s more interesting is a quote from a Goldman Sachs report further...

European equity markets are expected to open a little higher on Tuesday as traders look toward the CPI data from the U.K. and the U.S. for signs that inflationary pressures are actually...

Beggars Can Be ChoosyProving once and for all this refugee crisis is for economic reasons first and foremost, not political asylum, Greek refugees assigned to poor countries like Bulgaria and Romania...

You are about to see a chart that is undeniable evidence that we have already entered a major economic slowdown. In the “real economy”, stuff is bought and sold and shipped around the...

Geography charts the financial destiny of households, at least in terms of housing. Everyone who follows the statistics of rising income and wealth inequality knows we're becoming a nation of haves...

Annual headline inflation in the UK in April is projected to hold steady at 0.5% A modest rebound is projected for US residential construction activity in April US industrial output in April on track...

U.S. Worker Productivity Hasn’t Been This Bad Since 1993” ~ Bloomberg, May 4, 2016I encourage you to view the link to the Bloomberg article above. This point of view is typical of the...

Into the RBA Minutes: The big ticket item on the Asian Session calendar today is of course the release of the RBA Monetary Policy Meeting minutes from this month’s meeting.The May meeting which...