Market Overview

A certain calm has descended on Asian markets today, allowing traders to catch a much-needed breath.It still feels as though volatility can break out at any time and a quick 1-2% move in US futures,...

Peoples Bank of China (PBoC) today cut its leading interest rate by 25bp and the reserve requirement ratio (RRR) for commercial banks by 50bp. This was the fifth interest rate cut since November last...

Talking Points:Risk aversion leads to selling pressure in emerging market assets and BRICS currencies BRICS currencies have fallen below their 2015 start vs the US dollar Global economic turmoil...

Bottom or top – where do you look?I cannot remember a 48 hours of trade like we’ve seen in the first two days of this week – and I mean ever. 2008, 2011 and 2012 were more volatile...

I’m practically drowning in interviews. I had half a dozen yesterday and even more today. But it’s time to put the word out that the second greatest bull march in history is finally coming...

After nearly 20% in losses over the last three days, Asian shares struggled to maintain gains in early Wednesday trading amid concerns that rate cuts in China would not be a sufficient measure to stop...

The UK’s retail sector is in focus today with the monthly update of the CBI distributive trades survey, a leading indicator for this slice of the economy. Later, a couple of US releases will...

DOW – 204 = 15,666SPX – 25 = 1867NAS – 19 = 450610-Year Yield + .14 = 2.13%{{8849|OIL}}+ 1.07 = 39.31GOLD – 14.50 = 1141.40SILV .10 = 14.80Leading Asian markets fell again with...

EUR/USDToday’s support: - 1.1442, 1.1395, 1.1363 and 1.1340(main), where correction is possible. Break would give 1.1306, where correction also may be. Then follows 1.1283. Break of the latter...

Talking Points:Chinese equities extend losses for fourth straight trading day with a 7.6% drop. PBoC cuts one-year interest rate 25bp and lowered the reserve ratio 50bps. One year timeline of PBoC...

Yesterday morning's release of the July New Home Sales from the Census Bureau at 507,000 was slightly below general expectations, and the previous month was revised downward by 1K. The Investing.com...

The Federal Housing Finance Agency (FHFA) has released the U.S. House Price Index (HPI) for the most recent month. Here is the opening of the report: U.S. house prices rose 1.2 percent in the second...

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...