Market Overview

The disappointment from yesterday's ECB announcement was clearly felt in the financial markets. EUR/USD rebounded to as high as 1.0980 after dipping to 1.0517 earlier in the day. The move dragged down...

The New York Times ran an article on Sunday talking about how the Chinese invasion of U.S. real estate is only expanding.They aren’t just buying condos in Manhattan or McMansions in Silicon...

ECB president Mario Draghi's announcement regarding more QE fell far short of the sky-high expectations of market participants.Draghi Recap ECB would continue its €60bn-a-month bond buying...

In May of 2011 I sent out this chart and published an article entitled, “The Euro-Dollar Dance Doesn’t Fool Gold And Silver Bulls”. I predicted that the euro made a bearish technical...

No empire has ever prospered or endured by weakening its currency.A great many insightful commentators have made the case for why the Fed shouldn't raise rates this month--or indeed, any other month....

The two most important events for today are the OPEC meeting and the US NFP data. Both events command extreme importance and if volatility is the name of your game, then today’s trading session...

Mario Draghi, was that Doing Whatever it Takes?: Mario Draghi and the European Central Bank rocked markets to the core overnight, with cuts and stimulus that nowhere near met market expectations.By...

Each month one or two high-profile government reports show the US is growing, adding jobs and generally recovering from the Great Recession. But it’s not clear how that can be, when the part of...

Knowing when the U.S. Economy is heading for recession is paramount for successful investment decisions. Our weekly Business Cycle Index (BCI) would have provided early reliably warnings for the past...

Macro's crowded one way street collided in a large pile-up Thursday, as traders hit the brakes and attempted a quick K-turn, as Draghi seemingly underwhelmed participants expectations of magnanimous...

For understandable reasons, I woke up this morning even more anxious than usual, thanks to Mario Draghi and the threat of more “extraordinarily easing” measures. As I’m typing this,...

ECB’s Failure to Communicate Raises Focus on US JobsThe anticipation for the biggest indicator in the forex market just got more intense. The European Central Bank (ECB) had put out a very...

Draghi disappointed our and the aggressive market expectations despitedelivering a 'menu' of monetary easing measures.The easing from the ECB included A 10bp deposit rate cut to -0.30% (the MRO rate...

In a speech today, Riksbank deputy governor Per Jansson discussed possible adjustments of the policy framework for monetary policy. He more or less rejected any major changes of the current framework,...