Market Overview

by Eli Wright Markets continue to move sideways on tepid volume and the lowest volatility levels since 2014—the VIX briefly fell below 11 yesterday, before closing at 11.25. It appears that many...

CurrenciesEUR/USD – has moved up to reach close to the resistance around the 1.046 level. It looks like the USD has trouble around these levels which is around a 14 year low. That is not...

EUR/JPYToday’s support: - 122.21, 121.96, 121.67 and 121.48 (main), where correction is possible. Break would give 121.18, where correction also may be. Then follows 121.05. Break of the latter...

Quiet as a church mouseWe’ll keep this update short as there is an infinitesimally small amount of news flow out there and even less that is having an effect on currency markets. Anyone who is...

The dollar fell lower against the other majors currencies on Wednesday, despite the release of upbeat U.S. housing sector data as traders were beginning to unwind positions ahead of the Christmas...

Despite having the G7’s largest debt to GDP ratio, Japan Boots Military Spending to Record levels amid Chinese tensions. Japan’s Prime Minister Shinzo Abe has signed off a record defense...

Market participants are clearly winding down and while we saw ASX 200 turnover some 18% below the 30-day average yesterday, I wouldn’t be surprised if we saw less than $5 billion today. Volumes...

Riksbank adds QE, earlier reinvestments - several dissentersContinued sluggish performance in SEK rates to be expected after Riksbank announcement. To read the entire report Please click on the pdf...

if you create and distribute money only in the apex of the wealth/power pyramid, it can only benefit the few rather than the many.There are numerous debates about money: what it is, how we measure it,...

At one point in time not all that long ago, basic economics (small “e”) ruled central banking. There was really no other choice, as out of necessity bred change and understanding. The...

Approximately 40,000 junior bondholders are about to take a huge hit as a last-gasp private rescue plan for Monte dei Paschi (OTC:BMDPD), the world’s oldest bank, which looks set to fail.Please...

Another day, another set of predictions from Wall Street analysts for 2017. This time the predictions come from Barclays' (NYSE:BCS) US Equity Strategy team headed by Jonathan Glionna and Eric Slover,...

Though Donald Trump’s election has amplified concerns about a rollback of free trade, signs of upside trends in services trade and continued recovery in container trade point to moderately...

Happy Winter, everyone! Yes, it’s the winter solstice. As we wind down the last few trading days of the year, volatility is collapsing to levels hardly ever seen in financial history. It...