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The NFIB survey of small firms reports a series reflecting the net percentage of business owners saying that their earnings were higher over the past three months versus lower. It has been negative...
Greek finance minister Yanis Varoufakis recently penned a Project Syndicate essay in which he challenged German Chancellor Angela Merkel to give a "Speech of Hope" in Greece in the manner of US...
Morning View:After another risk driven, jumpy evening session devoid of any major news releases, the majors mostly ended up back where they began the day.Both cable and the euro had jumpy rallies on...
The dollar often appears to be confined to a trading range against the yen. This was the case from last December through mid-May. When it looks like it is trending, like from mid-May through the end...
2015 has proven a particularly challenging environment for European Central Bank President Mario Draghi as he seeks to jumpstart the monetary union economy in the absence of fiscal stimulus and...
Forex News and EventsSwiss CPI came out slightly better-than-expected at -1.2%y/y in May versus -1.3% expected. This is the worst year-over-year read since September 2009 (!). However, the...
Moving forwardAfter receiving feedback from US and EU regulatory authorities, Onconova Th (NASDAQ:ONTX) submitted a trial protocol in April with overall survival as the primary endpoint for its...
Background On Friday ahead of the US Non-Farm Payroll I had suggested that if European equities declined further during that afternoon session I would step into the market. The main European indices...
Market Drivers June 09, 2015Chinese CPI data cool prompting calls for PBOC easingUK Trade Balance better than forecastNikkei -1.76% Europe -0.14%Oil $59/bblGold $1175/oz.Europe and Asia:CNY CPI 1.2%...
Let's begin with a few items on China:1. The recent stock market rally has added $6.5 trillion to the total Chinese market capitalization. 2. China's auto sales are slowing because people would rather...
The losses the US dollar suffered yesterday were extended into Asia today. The dollar has stabilized in Europe. Short-term technical indicators warn against expecting deep retracement today. Support...
Daily BriefingCurrencies EUR/USD: The pair fell from its resistance zone (1.1381-1.1341) on a 30 minute time frame. The next resistance is at 1.1341 and the support is at 1.1115. USD/JPY: The pair...
Another day and another bad set of economic data in China. The world’s second biggest economy of the world is struggling to boost their growth and maintaining their inflation. The economic data...
The debate about who is responsible for the low level of interest rates that has prevailed in most economies over the last years heated up when Ben Bernanke wrote a series of blog posts on what...
In this report I would like to take an in-depth look at some of the more important currencies on the planet, to see where the big picture and how each may also affect the price of gold. In general,...