Market Overview

The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for April new residential building permits.The latest reading of 1.143M was well above the...

A stronger dollar was clearly on my mind yesterday but I hadn’t really set a target. The extent of the gains surprised somewhat, but overall very encouraging. Having seen this strength,...

What's going on at the Fed? Notorious dove, Charles Evans of the Chicago Fed, gave a speech in Sweden. In his prepared remarks, he said that he was in no hurry to raise rates:To give you the punch...

Valuation, like beauty, is in the eye of the beholder. With bond yields at historical lows, why shouldn’t valuation multiples be at historical highs? At 2%, the U.S. 10-Year Treasury bond yield...

Morning View:EUR/USD came off its highs overnight, dropping sharply as the European Central Bank’s Benoit Coeure said that they could step up their purchases of Eurozone government bonds. The...

Conviction Drives PricingWhen the conviction to own stocks is higher than the conviction to sell stocks, markets tend to rise. Therefore, we can learn something in any market by focusing on the fact...

From the point of view of history, a reversion to generational lows is inevitable, and a valuation level around 50% of GDP for stocks is a fair target.If we look back to 1981 valuations of stocks and...

Home-building activity in the US rebounded sharply in April, the US Census Bureau reports. After two months of weakness, housing starts revived to 1.135 million units in seasonally adjusted annualized...

Greenback RalliesAlthough this week is a short one for most of us, it’s certainly likely to be an interesting one as we seek to determine whether the bearish pressures affecting the greenback...

Forex News and Events RBA leaves room for rate cut The publication of the RBA’s minutes from the May meeting shows that the Bank left the door wide open to further monetary policy easing move....

Daily BriefingCurrencies EUR/USD: The pair has broken upward trend line on a 60 minute time frame. The next resistance is at 1.1435 and the support is at 1.1128. USD/JPY: The pair has broken its...

European markets are trading higher this morning as the bond yields have resumed their course of action and have started to move lower as normal. Much of the positive momentum is filtered from the...

We continue the International indices update with the European indices that made bear market lows in 2012. These three indices were the most severely impacted by the European debt crisis of 2011/2012....

Vodafone: Signs Of Stabilization In EuropeVodafone Group (NASDAQ:VOD) shows signs of stabilization in the European markets, despite the decline in its annual profitability.The British telecom giant...