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Daily BriefingCurrencies EUR/USD: The pair is trading in a downward channel on a 4 hour time frame. The next resistance is at 1.1216 and the support is at 1.086. USD/JPY: The pair has broken out of...
European markets are trading lower this morning as the negative sentiment from the U.S. markets has filtered through. On Wall Street, it was close enough to be a blood bath last night and as major...
• Commodity prices continue to fall as global growth slows: Yesterday’s purchasing managers’ indices (PMIs) showed continued weakness in global growth, with seven of the Asian PMIs...
With Super Thursday and the key US NFPs later this week, investors are understandably jittery. The prevailing headwinds from China are also doing little to help sentiment. While Eurozone indices seem...
Narrow ranges in the foreign exchange market continued for the most part, and the US dollar is a little softer. The Reserve Bank of Australia did not talk the Aussie lower, and the data were better...
Market Drivers August 04, 2015RBA keeps rates on hold, changes languages on currency ratesUK PMI Construction eases as residential build slowsNikkei - .14% Europe - .21%Oil $45/bblGold...
U.K. PMI construction retreated to 57.1 in July from 58.1 in June, lower than analysts’ forecasts of 58.6.The manufacturing sector showed a widening expansion to 51.9 in July from 51.4, where...
Australian dollar recovers as RBA left the cash rate unchanged at 2.00% as expected and maintained a neutral stance. The central bank noted that "further information on economic and financial...
It’s generally been an upbeat session here in Asia despite continuation deterioration in oil and inflation expectations.It seems the bulls have had a better say in Australia and China and...
The red is back Data, sentiment or general market malaise could be pointed to as reasons for the sell-off across Europe and the US. From where I sit, data is the clearest reason for the sell-off in...
U.S. stock markets ended lower on Monday while oil prices plunged after global oversupply created concerns over weak demand. Monday’s declines deepened the recent slump in oil prices, bringing a...
US personal spending rose in line with forecast in June amid signs of progress in labor market, which boosted household income. Household purchases soared 0.2 percent in June, Commerce Department...
Listen, for the stock market is telling you something. A year ago, the kind of GDP and employment cost data that last week comprised would surely have caused the market to rally on what would...
Over the last few years, on many occasions, I provided analysis on the correlation between the changes in Federal Reserve's balance sheet and the S&P 500 index. To wit: "This is something that I...
From the filing: Materials produced in discovery in this case and included in the attached appendix undermine, and in some instances completely discredit, important components of the central narrative...