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Central banks are starting to make it abundantly clear that they are going to take a proactive approach to handling the situation following the UK’s exit from the European Union.GBP/USD almost...
The chart below compares crude oil prices with the NYSE Composite over the past couple of years.Once crude peaked in 2014, the NYSE made little upward movement, even though the trend for the prior few...
Pending home sales have fallen the most since May 2010. The National Association of Realtors (NAR) is spinning this as potential buyers are being thwarted by a shortage of affordable homes because...
Yes, it’s another inflation post going up even as inflation expectations are in the dump and casino patrons just cannot get enough of Treasury and Government bonds yielding 0%, near 0% and below...
While mainstream economists hope that somehow “this time will be different”, the ongoing massaging of economic data through seasonal adjustments to obtain better headlines has not...
Canadian growth on the menu todayThe truce between observers and the various asset classes seen over the last few days is continuing this morning. The fact that we must wait until a new British...
Most European equity markets are continuing to pare losses again on Thursday and the U.S. is expected to open slightly higher as sentiment continues to recover following Friday’s shock...
Market BriefThe panic reaction that followed the UK decision to leave the European Union is over as financial markets recovered for a third straight day. Traders are now waiting to get more clarity...
Italy’s third largest bank by assets, Banca Monte dei Paschi di Siena SpA (OTC:BMDPY)i is on the death bead. It’s been there since mid-2014.Italian banks in general have €200 billion...
Prices of oil are continuing to restore, and this is not only being facilitated by falling US oil reserves, but also a rethink of the Brexit referendum’s consequences. Data from the EIA on...
NZD/USD Today’s support: - 0.7066, 0.7037 and 0.7020 (main), where correction is possible. Break would give 0.6998, where correction also may be. Then follows 0.6975. Break of the latter would...
Asian traders bought US dollar against the majors, and yen against the US dollar. The USD/JPY continued seeing resistance pre-103 mark in Tokyo. The month and quarter-end inflows kept the yen in...
CurrenciesEUR/USD – moved up on improved risk sentiment, but was stopped by the resistance around the 1.1116 level. Today we have quite a bit of data coming out the Eurozone with German data and...
Global post-Brexit relief rally continued to push Asian stocks higher on Thursday, after U.S. stocks ended yesterday’s session sharply to the upside, recovering more than half of their losses...