Market Overview

Here is an amusing Gallup Poll as reported by the Wall Street Journal: 57% of Americans Say Their Income Taxes Are Too High. Only 55.5% Pay Income Tax. What? A recent Gallup poll pegged the percentage...

Oil bid up on demand and confidenceThe oil story dominated markets yesterday with prices rebounding smartly through the day. A barrel of crude was 7% lower at one point yesterday but recovered to...

GBP/AUDToday’s support: - 1.8360 1.8326 1.8314 1.8293 1.8275 (main), where correction is possible. Break would give 1.8326, where correction also may be. Then follows 1.8314. Break of the latter...

The National Association of Home Builders (NAHB) Housing Market Index (HMI) is a gauge of builder opinion on the relative level of current and future single-family home sales. It is a diffusion index,...

The focus on China and the Chinese economy is not just related to its size but more so the fact that it is the pivot point for the whole global system. In pure economic terms, as “end...

First quarter earnings, oil meetings in Qatar and impeachment voting in Brazil are the three largest balls speeding at your head while you run to the front line to grab some offense. From the looks of...

UK Treasury Chief, George Osborne hit the newswires last night with quotes warning that a British exit from the European Union could have potentially catastrophic economic consequences to not only...

Since the end of the financial crisis, economists, analysts and the Federal Reserve have continued to predict a return to higher levels of economic growth. As I showed in my discussion of the...

Disagreement in Doha!The world’s 15 largest oil-producing nations, representing 60% of global production, met in Doha over the weekend, but announced that they were unable to reach an agreement...

Housing starts are expected to total 1.160 million units (seasonally adjusted annual rate) in tomorrow’s March report, according to The Capital Spectator’s average point forecast of...

EM ended last week on a firm note. Given the absence of any Fed-specific risks or any major US data releases, that firmness could carry over into this week. The failure to reach an agreement in Doha...

Forex News and EventsSNB intervenes to weaken the Swiss Franc The Swiss National Bank has now no choice than to defend the CHF against the still weakening single currency. This week, total sight...

Oil producers failed to reach an agreement yesterday at the meeting in Doha. That is the main spur to today's activity. It is not that the outcome was a surprise. One newswire poll found around half...

Global stocks started the week in the red after the oil producers failed to reach an agreement in Doha meeting over the weekend. Crude slumped the most in two months and is currently continue digging...