Market Overview

Talking Points:Risk aversion leads to selling pressure in emerging market assets and BRICS currencies BRICS currencies have fallen below their 2015 start vs the US dollar Global economic turmoil...

Bottom or top – where do you look?I cannot remember a 48 hours of trade like we’ve seen in the first two days of this week – and I mean ever. 2008, 2011 and 2012 were more volatile...

I’m practically drowning in interviews. I had half a dozen yesterday and even more today. But it’s time to put the word out that the second greatest bull march in history is finally coming...

After nearly 20% in losses over the last three days, Asian shares struggled to maintain gains in early Wednesday trading amid concerns that rate cuts in China would not be a sufficient measure to stop...

The financial system is in uncharted waters… and it’s not clear that the Fed has a clue how to navigate them.A number of key data points suggest the US is entering another recession....

The UK’s retail sector is in focus today with the monthly update of the CBI distributive trades survey, a leading indicator for this slice of the economy. Later, a couple of US releases will...

There is good deflation. During the centuries of the gold standard where there was free trade, balanced budgets, and free markets, gold was exchanged between countries to pay for goods. Nations that...

EUR/USDToday’s support: - 1.1442, 1.1395, 1.1363 and 1.1340(main), where correction is possible. Break would give 1.1306, where correction also may be. Then follows 1.1283. Break of the latter...

Yesterday morning's release of the July New Home Sales from the Census Bureau at 507,000 was slightly below general expectations, and the previous month was revised downward by 1K. The Investing.com...

The Federal Housing Finance Agency (FHFA) has released the U.S. House Price Index (HPI) for the most recent month. Here is the opening of the report: U.S. house prices rose 1.2 percent in the second...

Yesterday the Richmond Fed Manufacturing Composite Index dropped 13 points to 0 from last month's 13. Investing.com had forecast a decrease to 9. Because of the highly volatile nature of this index,...

The latest batch of US economic indicators certainly looks upbeat. The Consumer Confidence Index (CCI) rose sharply during August, led by its present situation component to the highest reading since...

The latest Conference Board Consumer Confidence Index was released yesterday, based on data collected through August 13. The headline number of 101.5 was a significant jump from the July final reading...

In such early stages following the sharp dollar losses the risk of the market going haywire in a reversal was always going to be low. I haven’t mentioned the Price Equilibrium Clouds recently...