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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...
UK now in deflation but only temporarilyUK CPI inflation was in deflation in April as the annual growth rate in the consumer price index fell to -0.1%, down from 0.0% in March (Danske Bank: 0.1% y/y,...
Tyler Cowen has a piece in the NY Times from this past weekend discussing the potential that the US economy will never return to “normal”. The article implies that the US economy could be...
Summary: Some good news about the US economy, and a cautionary note about popular investment advice. It’s a bit technical, but explains important matters seldom mentioned. (1st of 2 posts...
EUR/USDCurrent level - 1.1191 The bias here remains bearish after today's break through 1.1290 support and the current slide is targeting 1.1050 area. Key resistance on the upside is projected at...
Let's start with US energy markets where oil and gas drilling activity has collapsed. While this decline in drilling is a bullish sign for crude oil, it's important to note that the oil cost curve...
The US dollar is broadly higher as yesterday's gains are extended. The driving force is not so much a shift in perceptions of the US economy, though the San Francisco Fed that claimed seasonal...
Bankers have always been an easy target, but during the financial crisis they were vilified. Even as we claw our way back towards some semblance of economic normalcy, the reputation of bankers remains...
• What is the end game for Greece? I wrote yesterday that this was the endgame for Greece. How is it likely to play out? • The big fear in the markets – the “nuclear...
Right now, with the e-Mini S&P sitting atop its May rally leg off of the May 7 pivot low at 2057.00, the action since Friday's new all-time high at 2122.75 looks like a shallow...
Market BriefIn the minutes from its May meeting, the Reserve Bank of Australia (RBA) retained an easing bias, leaving open the possibility of further rate cut. During its May 5 meeting, the RBA cut...
As Greece closes in on the point of no return, with no sign of a debt deal on the horizon, talk about an imminent default continues to grow. Monday saw the revelation that the embattled European...