Market Overview

Greek program ends with defaultLast night’s IMF payment deadline came and went with little noise and light; Greece has not paid the EUR1.5bn that was owed and is now officially in arrears...

EUR/USDToday’s support: -1.1113(main), where correction is possible. Break would give 1.1072, where correction also may be. Then follows 1.1059. Break of the latter would result in 1.1036. If a...

Daily BriefingCurrencies EUR/USD: The pair is trading above its uptrend line on a 30 minute time frame. The next resistance is at 1.1288 and the support is at 1.0963. USD/JPY: The pair has broken...

Talking Points: US Dollar Waits for New Direction Cues in Familiar Territory S&P 500 Pauses to Digest After Dramatic Reversal Downward Gold Treading Water, Crude Oil Stalls After Trend Line...

Euro Nosedives as Dollar Capitalizes on Grexit Fears!Euro Caught between the Devil and the Deep Blue Sea After enjoying several weeks of buoyancy against major international currencies, the euro has...

Greece officially entered a default on its debt repayments to the International Monetary Fund yesterday, setting a precedent in which Greece has become the first developed country to miss an IMF loan...

The Greek saga continues today, as Greece falls into arrears with the International Monetary Fund after failing to repay €1.6 billion on Tuesday, despite an 11th hour request for a repayment...

Looking at the upcoming session, we believe that the ADP Employment Numbers will probably be the biggest mover of markets. The exception, of course, being anything coming out of Greece, which can...

Wednesday’s another busy day of economic releases, although everyone’s attention will remain firmly focused on the rapidly evolving story about Greece and its fiscal straightjacket. In any...

In addition to barbeques and fireworks, the Fourth of July weekend is also a big one for big discount sales. Consumers are certainly in a happy mood. The Consumer Confidence Index rose from 94.6...

IntroductionIn 2011, I wrote a piece saying that bailouts would not solve the problems of Greece, Ireland, Portugal or Spain. I followed that with an open letter to the Prime Ministers of Greece,...

Wilson Mizner is credited with the advice to be nice to people on your way up because you will meet them on the way down. This may apply to us as individuals, but not to countries. We are struck by...

Initial polls on how Greeks intend to vote in the referendum on bailout terms calmed investors’ frazzled nerves from yesterday, but not before the turmoil wiped out some $1.5 trillion on world...

All eyes are again focused on Greece and whether or not an eleventh hour accord can be met. There are many moving parts to this with the European Commission most recently this morning proposing a last...