Market Overview

It’s been a rather bizarre start to the trading session on Friday, as all the negativity around more failed Greek talks, possible default and capital controls over the weekend is met with strong...

The outlook for the US economy has hit a rough patch lately, according to some indicators, but you wouldn’t know it from the weekly updates on jobless claims. This leading indicator continues to...

This mix of overt and subtle withdrawal of market support is a key macro driver of recent increased volatility. Aside from Euro-Greek fiasco this week, there has been a handful of Central Bank rate...

Sterling powers on, Dollar stabilisesSterling continued to be the G10’s golden child yesterday as retail sales came in slightly better than expected, which along with the more positive Bank of...

Forex News and EventsSNB left monetary policy unchanged Unsurprisingly, the Swiss National Bank left unchanged its monetary policy by maintaining the 3-month Libor target range at between -1.25% and...

All eyes are focused towards the Eurozone crisis and traders will be nursing the situation very carefully. There has been reports late last night that the Greek banks may not be able to open on Monday...

U.S. stock markets rose on Thursday after the Federal Reserve concluded its Federal Open Market Committee on Wednesday. The Fed maintained its cautious approach to interest rate hikes, although it...

Market BriefIn Japan, the BoJ kept unchanged its asset purchased program at ¥80tn per year and maintained its assessment of the economy, saying that the economy has continued to recover...

The latest in the ongoing Greek saga is that the European Union and Greece will convene an emergency meeting on Monday. Not many details are available at present, but the confrontational rhetoric...

Market Movers In terms of data releases it is a very thin calendar today and focus will be on Greece following yesterday's Eurogroup meeting (see more below). In the US Fed's Mester and Williams...

The Macro Outlook: Conditions still aren’t right for a rate increase “The Committee continues to judge that the first increase in the federal funds rate will be appropriate when it has...

With very little to push the market around during the session on Friday, we will look to the charts to make our decisions going forward. There are a few Canadian numbers, but beyond that the market...

EUR/USDToday’s support: - 1.1344, 1330 and 1.1315(main),where correction is possible. Break would give 1.1296, where correction also may be. Then follows 1.1275. Break of the latter would result...

What I find fascinating is our limited ability to make sense of trends unfolding in real time. During our recent breakfast meeting in Berkeley, author/blogger Jim Kunstler suggested that the coherence...