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Yesterday the Richmond Fed Manufacturing Composite Index dropped 13 points to 0 from last month's 13. Investing.com had forecast a decrease to 9. Because of the highly volatile nature of this index,...
The latest batch of US economic indicators certainly looks upbeat. The Consumer Confidence Index (CCI) rose sharply during August, led by its present situation component to the highest reading since...
The latest Conference Board Consumer Confidence Index was released yesterday, based on data collected through August 13. The headline number of 101.5 was a significant jump from the July final reading...
In such early stages following the sharp dollar losses the risk of the market going haywire in a reversal was always going to be low. I haven’t mentioned the Price Equilibrium Clouds recently...
The latest story scaring investors witless (TM OldProf Euphemism) is the collapse of the Chinese economy. It has become an element of Wall Street Truthiness. The Chinese are lying about their data,...
Even the most bearish of the bears couldn't have predicted the bloodbath we've seen in the equity index futures markets since posting a August 18th high. As experienced futures brokers, we've lived...
Have US stocks entered a bear market?In most assets, MSM (mainstream media) uses a 20% decline as a rule of thumb to define a bear market. While an asset that’s declined 20% mightbe in a bear...
As I discussed yesterday, the now "official correction" was not a surprise. It was something that I have been discussing repeatedly over the last several months. The only surprise was the magnitude of...
After watching mounting equity losses, Chinese policymakers today unveiled new measures designed to stem the downturn in stock valuations. With the Shanghai Composite erasing over -15% of its market...
The crash of global stock markets during the previous week was one of the most anticipated corrections. However, what came next could come as a greater surprise. The stock market of China plunged...
International markets suffered a ferocious selloff Monday morning. The S&P 500 briefly fell 5.3% yesterday before rallying to end the day down 3.9%. China was largely blamed for the market...
Daily BriefingCurrenciesEUR/USD: The pair entered in a resistance of 1.1717-1.1785 on a 4 hour time frame. The next resistance is at 1.1978 and the support is at 1.1236. USD/JPY: The pair has pierced...
Asian regional equity markets stabilise, to some extent, this morning while the pace of sell-off in mainland Chinese stocks is maintained. World’s stock markets may have not reached the bottom...
USD: Prices have gapped below critical support at the 24.47 range low of May and 24.45 (38.2%) retracement of the 2014-2015 rally, with buying interest appearing just above the 24.19 January break...
The MarketEUR/USD breaks above 1.1500 and hits resistance slightly below 1.1725 • EUR/USD continued its crazy rally yesterday, breaking above the psychological round barrier of 1.1500 (S1)....