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Optimism here, but being testedSay it very quietly, but markets seem to be in a rather good mood all of a sudden, or certainly are as we enter Wednesday’s markets. Commodities have continued to...
The dollar lost ground, dropping to 10 month lows against most major currencies on Tuesday, as the release of weak U.S. housing sector data continues to pressure demand for the greenback. The U.S....
The US dollar has been largely confined to yesterday's ranges against the major currencies. China's yuan slipped lower for the first time in four sessions, while the Shanghai Composite fell 2.3%, the...
“Single-family housing starts in March were at a rate of 764,000; this is 9.2 percent (±10.3%)* below the revised February figure of 841,000.”...
DOW + 49 = 18,053SPX + 6 = 2100NAS – 19 = 494010 Y + .01 = 1.78%OIL + 1.30 = 41.08GOLD + 17.80 = 1251.30The Dow Industrial Average closed above 18,000 yesterday for the first time since last...
U.S. equities finished mixed in a choppy session with a sundry of earnings reports pitting weakness in the tech sector on International Business Machines (NYSE:IBM)'s disappointing outlook, with a...
Risk appetite continues with DJIA and S&P closed at 2016 high overnight. DJIA rose 49.44 pts or 0.27% to 18053.6. S&P 500 rose 6.46 pts, or 0.31% to 2100.8. Nikkei follows and is trading up...
US Dollar CollapseThe S&P 500 closed above 2100 for the first time in 2016 as the US dollar dropped to a new 10-month low. US new housing starts and building permits saw big declines in March,...
Bank profits are in trouble! Don't be fooled by the "beat analyst estimates" charade, because that is exactly what it is. First quarter bank earnings can only be described as an unmitigated...
No major economic data releases in Scandinavia nor the euro area today.In the US, existing homes sales for March are due. We look for the recovery of the US housing market to continue. The labour...
The claimant count in the UK labour market update should show a solid decline The lift in jobs would be welcome news in the context of Brexit uncertainty Today’s US existing home sales data...
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for March new residential building permits.The latest reading of 1.086M was below the...
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for March new residential housing starts.The latest reading of 1.089M was below the...
Yesterday, China launched its first gold fix. It will offer a fixing in yuan, twice a day going forward. The Shanghai Gold Exchange established the fix the same way it is done in London and New York,...
Tuesday was a pivotal day for both ES (Emini S&P 500) and oil.Notice that ES is bumping up against its month-long resistance line, now at 2100, which also represents the upper-boundary of a...