Market Overview

Stocks Fluctuated After The Result Of The Italy's Referendum On Sunday.Early reactions from the Italian referendum defeat sent the global stocks to the offensive ground. After the upbeat performance...

After softening ahead of the weekend, the US dollar has begun the new week on a firm note. It is gaining against most major and emerging market currencies. Outside of what appears to be a staged call...

Today’s support: - 1.6828 and 1.6782 (main), where correction is possible. Break would give 1.6740, where correction also may be. Then follows 1.6706. Break of the latter would result 1.6678. If...

Quitaly?The Italian referendum has ended in a vote against Matteo Renzi’s government and as such, the Prime Minister has resigned as he said he would. The euro has fallen by around 1% overnight...

The NFP on Friday was slightly better than expected, so that means that the road is clear for the FED to raise the interest rate next week. This is especially true since the unemployment surprisingly...

Before the weekend came to a close, Italy said no to constitutional reform and subsequently, said goodbye to their Prime Minister, Matteo Renzi. The referendum result is a huge victory for right wing...

The euro-zone appears to be on target for another banking crisis during 2017. Also, the stage is set for political upheaval in some European countries, a general worsening of economic conditions...

Key Fundamental Forex Events and Forecasts for the Coming WeekThe following table lists the key economic data and other events that are due out during the week of December 5th – December 9th,...

Summary: The macro data from the past month continues to mostly point to positive growth. On balance, the evidence suggests the imminent onset of a recession is unlikely.That said, there are some...

ECB Interest Rate is done in 2 parts, first with the rate decision at 7:45am then followed with a press conference at 8:30am. Market is not expecting any further actions out of ECB today, but it will...

CA BOC Interest Rate is expected to keep rates unchanged as there are practically no expectation for a rate cut today; however, judging from the potential rise in crude prices due to production freeze...

AU RBA Interest Rate Decision today is likely to keep rates unchanged at current level although with the uncertainty in the political area and the ongoing development between US and China, we should...

The AUD GDP q/q is a quarterly release and considering recent market developments, I’d stay away from this trade unless we get our tradable deviation.Here is the forecast: 7:30pm (NY Time) AUD...

US ISM Non-Manufacturing PMI is a leading indicator but because it’s scheduled after the all important Nonfarm Payroll and the fact Feds is likely to hike rates this month, I would only take a...