Market Overview

Q: How much is my house worth? A: Whatever the highest bidder is willing to pay for it. Those of you who took an introductory Economics class in high school or college may remember learning that...

An advisor to Japanese prime minister Shinzo Abe says Bank of Japan Likely to Take Bold Easing Action at its next meeting in September.The advisor, Etsuro Honda, calls it the “Spirit of...

DOW + 23 = 18,579SPX + 4 = 2187NAS + 11 = 524010 Y – .02 = 1.53%OIL + 1.44 = 48.23GOLD + 3.70 = 1353.10The US stock market hit all-time highs this week despite the second quarter of 2016 being...

U.S. equities traded in a narrow range and finished modestly higher with investors nervously weighing yesterday's seemingly dovish July Fed meeting minutes, mixed earnings results from Dow member's...

CurrenciesEUR/USD – while the data out of the Eurozone was mostly as expected, the MoM inflation was a bit lower than expected, weakening the EUR a bit in the aftermath. However, the general...

There is a very light data calendar today with virtually no scheduled data releases that could move markets.It was a relatively quiet session overnight in terms of news flow, data releases and price...

EUR/NZD Today’s support: - 1.5572, 1.5542, 1.5525 and and 1.5481(main), where correction is possible. Break would give 1.5463, where correction also may be. Then follows 1.5438. Break of the...

In US, San Francisco Fed president John Williams said overnight again and noted he saw another rate hike "sooner rather than later". He said that "in the context of a strong domestic economy with good...

It’s easy to criticise the Fed for its failures, because its successes have been only one in number: kicking the can down the road.But we should spare a thought for the difficulties...

In the late 1990’s, economists attempted to get reacquainted with something that they previously believed was an artifact of long ago history. The plight of Japan during that decade had revived...

In a recent post, I explained how China’s growing middle class is shaping global markets. Chinese tourism is a great example.It’s a large consumer trend that is ripe for Western...

It can difficult to dig into someone else’s work and research. I wrote a post a few years ago about why using the slope of a moving average, moving average crosses, or trend indicators based on...

On the surface the Philadelphia Fed Manufacturing index was in positive territory at 2. Peeking under the hood, a significant number of problems become visible. Philadelphia Fed General Activity...

Yesterday, we got the release of the minutes from the FOMC meeting in July. Not surprisingly, we see a Fed just as confused as ever as to what monetary policy actions should be taken. To wit: FED...