Market Overview

Merkel is Queen of the Ball but her dancing partners will change. Rather that waltz with the SPD, she may have to first give other suitors a chance. The FDP is her natural partner, and the Greens may...

by Pinchas CohenThe Week That WasFed: Predictable, Unpredictable The most highly anticipated event of the month, the Fed policy meeting this past Wednesday, played out as expected. However, it ushers...

The Dow Jones made seven new BEV Zeros (new all-time highs) in the past two weeks; it can’t make a decent correction if it continues doing that. And that’s one thing this market needs to...

VIX took another week to complete its corrective decline with a low at 9.53 this week. It is beneath all technical supports and must rise above its Intermediate-term resistance at 10.91 for a buy...

Weekly Technical Analysis September 25th to 29th, 2017EUR/USD: The FOMC hold benchmark interest rate at 1.00-1.25% last Wednesday, as expected. The FED forecast still signals another 2017 hike and...

More than 4,400 ETFs are currently available globally, and more than one million indices are calculated daily—“a dizzying range of asset classes, strategies and exposures.” In Beyond...

The down trend in global trade since the financial crisis reached a bottom in mid-2016, but a recovery in 2017 is now firmly underway. Global trade growth averaged 1.4% in 2016 then rose to 4.1% year...

Stocks (SPX):Cycle Status/Outlook: S&P 500 is in a Wave 5 topping pattern out of the 2009 low (note that the 2016 low was a Wave 4 low and we are now in Wave 5). I am looking for a Intermediate...

The Fed's plan to normalize its balance sheet will begin to be put in place from next month. This is passive QT or Quantitative Tightening - call it QT1 if you want... the opposite of quantitative...

Last week's developments will continue to shape the investment climate in the week ahead, and at the same time, new inflation readings from the US, EMU, and Japan will add incrementally to investors'...

Market Movers ahead We expect good news for the ECB in the form of higher inflation and money supply growth. However, inflation is likely to decline again in coming months. Germany is due to hold a...

Risk premiums across asset classes are currently at pre-Lehman Brothers lows.High GDP growth relative to short-term interest rates supports low risk premiums. As US interest rates rise towards the...

The Financial Times observes that the Federal Reserve’s forecast for higher interest rates in the next several years is accompanied by expectations of slower economic growth and rising...

Yesterday, the major currency pairs showed mixed results. The US dollar moved away from the local highs. Despite positive economic reports, the dollar index closed the trading session in the negative...