Market Overview

US economic growth in the second quarter is widely expected to rebound after Q1’s stall-speed rise of just 0.5% (seasonally adjusted annual rate). The question is how much of a rebound will we...

Forex News and EventsSell CAD (by Peter Rosenstreich) Yesterday’s Bank of Canada meeting was interpreted as slightly less dovish than expected, providing CAD with a solid boost. The BoC held...

Thursday May 26: Five things the markets are talking aboutTo the neutral observer, it’s not a surprise to see the mighty dollar encountering some profit taking of its recent gains ahead of Fed...

Brent crude oil trades above $50 per barrel for the first time since NovemberBrent crude oil (the more global of the two major oil benchmarks) rallied above $50 per barrel for the first time in six...

EUR/SEK Today’s support: - 9.2520 (main), where correction is possible. Break would give 9.2432, where correction also may be. Then follows 9.2343. Break of the latter would result in 9.2252. If...

The US dollar is trading with a softer bias today after the momentum stalled yesterday. The pullback is shallow but could be extended a bit more in the North American session. The US reports weekly...

Market BriefIn Australia, private capital expenditure (capex) contracted 5.2%q/q in the first quarter of 2016, missing consensus for a smaller decrease of -3.5% and also below the upwardly revised...

ASX goes toe-to-toe with 5400 againA slight pause in the US dollar rally overnight has fuelled commodity prices as equity markets continued their buoyancy. The EIA report showed US oil inventories...

The release today of the figures pertaining to durable goods orders in the US is likely to influence the next short-term moves of the USD and the US Dollar Index. Still, Friday will be the day that...

CurrenciesEUR/USD – continued to climb higher as the data out of Germany yesterday was better than expected and we are seeing a general weakening of the USD since yesterday. USD/JPY – is...

Two days of decent gains appear to have taken their toll on European equity markets with futures pointing to a slightly softer open on Thursday.This appears to just be a case of profit taking from...

Various polls and recent studies are coming up as the talk regarding the Brexit heightens. Concerns about economic stability, immigration cuts, austerity measures and political aspects are raised. As...

Markit’s Services PMI fell to just 51.2 in May, dropping a rather large 1.6 points from 52.8 in April. That meant the combined US Composite PMI, which puts together both manufacturing and...

New orders for durable goods in the US are on track to show a rise for April But any improvement in orders for April may be just a temporary bounce US jobless claims are set for a second weekly...