Market Overview

The S&P 500 Index is down 1% today and much of the television media represent this as a market "plunge". A representative headline on CNBC notes: "Stocks close 1% lower as Dow plunges triple...

France was in a bind.In the early 1700s, the country had run up astronomical debts from endless wars with the British. They needed money… desperately. So, John Law — the first central...

By now, we all know the story of China's troubles. China achieved its stunning growth through a combination of the adroit utilization of cheap surplus labor and financial repression, which financed...

Overall it was a good day yesterday, basically dollar bullish as expected and reflected in all dollar-currency pairs. It was only EUR/JPY that spoiled the party. After having analysed the range of...

This morning's release of the April New Homes Sales from the Census Bureau at 517K was 7K above forecast, with the previous month an upward revision. The Investing.com forecast was for 510K sales,...

The Latest Conference Board Consumer Confidence Index was released this morning based on data collected through May 15. The headline number of 95.4 was a small increase from the revised April final...

The major central banks of the world have been easing their monetary policies significantly since the financial crisis of 2008. They’ve succeeded in averting another financial crisis so far....

We all know the difference between reality and wishful thinking. Many of us know just how quickly the jaws of reality can crush the life out of unicorn and fairytale stories when fiction is used to...

In the United States, corporate financing relies essentially on the financial markets. In the eurozone, in contrast, bank lending predominates. The main challenge for the European public authorities...

Well that didn’t take too long. In Friday’s Week Ahead report, we highlighted the big breakout above 120.50 in USD/JPY, noting that the breakout “could carry over into this...

While waiting for the Bank of Canada’s Key Rate Decision tomorrow, many economic indicators of note will be released today in the United States. We will be monitoring Durable Goods Orders at...

Forex News and EventsFed’s officials are being hawkish regarding the first rate hike, increasing the odds of gradual tightening starting as soon as this year, supported by the latest CPI figures...

US futures are pointing lower ahead of the first trading day of this shortened week, as a negative lead from Europe and surprisingly hawkish stance from Fed Chair Janet Yellen weighs on risk...

The US economy is widely expected to grow at a faster rate in the second quarter vs. Q1, but that may turn out to be a hollow achievement. Indeed, the hurdle is quite low for beating the near-flat...