Market Overview

U.S., European and Asian stock markets tumbled after the European Central Bank fell short of expectations in the expansion of the Eurozone’s current stimulus program. While shares fell, the euro...

EUR/USDCurrent level - 1.0888 The reversal at yesterday's low at 1.0513 set the beginning of a massive rise, all the way up to 1.0980 and current pullback should be considered corrective, preceding...

Finland's third-quarter GDP decreased by 0.2% y/y. The figure was better than the advance estimate of 0.8% y/y contraction but stayed in the same category, with Greece well behind other EU countries....

The only way to explain the largest swing in the euro in six years yesterday is to appreciate the disconnect between what was expected and what was delivered by the ECB. Draghi's urgency and...

DOW + 369 = 17,847S&P 500 + 42 = 2091NAS + 104 = 514210 YR YLD – .05 = 2.28%OIL – 1.01 = 40.07GOLD + 25.30 = 1087.90The economy added 211,000 jobs last month, beating estimates of...

The US job report is a key release ahead of the FOMC meeting on 16 December. A slower rate of job growth seems plausible and we estimate a November increase in non-farm payrolls of around 175,000,...

EUR/USDToday’s support: -1.0878 and 1.0834(main), where correction is possible. Break would give 1.0806, where correction also may be. Then follows 1.0755. Break of the latter would result in...

The Draghi DisappointmentYesterday’s ECB meeting has seen the euro spike dramatically after the latest policy announcement was a profound disappointment. Deposit rates were cut by 10bps (less...

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...

“There are many ways of calculating purchasing power by means of index numbers, and every single one of them is right, from certain tenable points of view; but every single one of them is also...