Market Overview

IronFX Strategy Team
Draghi Reveals Dovish Plumage
By IronFX Strategy Team - Oct 10, 2014

ECB President Draghi yesterday said in Washington some of the lines that people had been looking for him to say following last week’s ECB meeting in Naples. His main point was that “we are...

European Markets Trade At Lows
By AvaTrade - Oct 10, 2014

The sell off is becoming uglier and uglier as the European markets are on track to finish the third week in a row towards the downside. The French industrial data released this morning has fuelled the...

Jeremy Cook
USD Back On Track After Brief Respite
By Jeremy Cook - Oct 10, 2014

As suggested, there were no surprises from the Bank of England, with policy measures remaining as they have for what feels like forever, with the base rate at 0.5% and £375bn of asset purchases....

Easy Forex
Oil At 2-Years Low
By Easy Forex - Oct 10, 2014

Currencies The euro (EUR) crashed from 1.2790 to 1.2663 yesterday against the US dollar (USD) as the German Finance Minister Wolfgang Shaeuble had a different opinion from the President of European ...

Warren Bevan
Going To Hell In A Hand-Basket
By Warren Bevan - Oct 09, 2014

“Control your own destiny or someone else will.”  Jack Welch Another wild day as we saw a hug range for the SPDR S&P 500 (ARCA:SPY) once again. We don’t often see the S&P 500 move over 40 handles in a...

Gary Tanashian
“It’s Inflation All the Way, Baby!”
By Gary Tanashian - Oct 09, 2014

The title’s quote is one of many eminently quotable messages I had the pleasure of receiving over a few years of contact with a late, great and a very interesting man* named Jonathan Auerbach, who ...

Marc Chandler
Emerging Markets: Elections, Bonds And FX
By Marc Chandler - Oct 09, 2014

The second round of the Brazilian elections is off to an exciting start The situation in Turkey is becoming tenser as ISIS advances on Kurdish towns in Syria near border The ruble continues to push ...

James Picerno
A New Labor Market Indicator From The Fed
By James Picerno - Oct 09, 2014

The Federal Reserve recently introduced a new monthly measure of the US labor market—the Labor Market Conditions Index (LMCI)—and starting this week the series is available on the St. Louis Fed’s FRED...

Michael T. Snyder
Trouble For Germany And Japan?
By Michael T. Snyder - Oct 09, 2014

There are some who believe that the next great financial crash will not begin in the United States.  Instead, they are convinced that a financial crisis that begins in Europe or in Japan (or both) ...

Axel G. Merk
Today's Market: Convincingly Irrational
By Axel G. Merk - Oct 09, 2014

To make sense of the markets, it may be ever more important to dissect what we may call 'convincingly irrational' behavior by policy makers. To make sense of stocks, bonds and currencies, you might ...

Boris Schlossberg
Dollar Damaged Post FOMC
By Boris Schlossberg - Oct 09, 2014 1

Market Drivers for October 9 2014AU Data misses headline but full time grows by 20KGerman Trade Balance 17.5B vs 18.4BNikkei -0.75% Europe 0.94%Oil $87/bblGold $1228/oz.Europe and Asia:AU Employment ...

Marc Chandler
Doves Push Back, But The Center Will Hold
By Marc Chandler - Oct 09, 2014

The dovish FOMC minutes have pushed the consolidative tone into a dollar correction. Asia and European markets extended the dollar decline. These losses brought the greenback near initial retracement ...

Traders Renew Vows On Fed Minutes
By AvaTrade - Oct 09, 2014

Traders are very optimistic this morning and this could push the European markets higher today. The optimism came from the Fed minutes last night and much of the emphasis was focused on the strength ...