Market Overview

Last week’s review of the macro market indicators heading into the first full week of April saw the equity indexes looking strong and ready to make another leg higher. Elsewhere looked for gold...

Today's release of the publicly available data from ECRI (Economic Cycle Research Institute) puts its Weekly Leading Index (WLI) at 133.2, up 0.2 from the previous week. The WLI annualized growth...

ES (Emini S&P 500) already has recovered half of yesterday's decline, and is approaching key resistance at 2057/62, which if hurdled and sustained, will argue strongly that Thursday's breakdown...

Although there is no convincing technical evidence that the dollar's retreat in Q1 is over, we suspect it is nearly complete. We will be especially sensitive to reversal patterns, divergences with...

Bank Indonesia signaled it may pause its easing cycle Vietnam undertook a massive cabinet shuffle MSCI is reviewing Nigeria’s standing in its equity indices due to the impact of ongoing FX...

US stocks edged lower on Thursday due to the weak performance of the banking sector. Janet Yellen said on Thursday the US economy is performing well, with further interest rate hikes still on course...

Pressure points are building in global markets as the risk rally appears exhausted.The downward pressure on EUR/DKK and DKK rates are likely to continue in coming months. Negative interest rates have...

Market BriefUSD/JPY took a breather after hitting 107.67 in the late European session on Thursday. The pair rapidly reversed momentum and returned to around 108.70 as traders wonder whether there is...

Japan is angry. Rightfully so, in a perverse way.What is Japan angry about? It has not succeeded in destroying its own currency, a seemingly simple task. Japan Lashes Out My advice is coming up....

The Hoot Actionable ideas for the busy trader delivered daily right up front Friday higher only if ES stays above its pivot, else lower. ES pivot 2041.00. Breaking above is bullish. Next week bias...

Renewed concerns about weak global growth have engulfed traders’ minds once again, and hence why we have experienced another heavy sell-off over in the US. This negativity has filtered into the...

In terms of data releases, today is set to be a fairly quiet day.In the UK, focus will be on the release of NIESR GDP estimate for March, as the estimate in February suggests that growth in Q1 has...

EUR/AUDToday’s support: - 1.5058 and 1.5030 (main), where correction is possible. Break would give 1.5009, where correction also may be. Then follows 1.4987. Break of the latter would result in...

Dollar turned mix towards the end of the week but stays the third strongest major currency following Yen and Swiss Franc. Fed chair Janet Yellen said yesterday that "we are comi9ng close to our...