Market Overview

“The typical Dow stock now trades for 15.5x this year’s earnings and 14.0x next year. Not cheap, but no longer the 18x earnings we had with the Dow at +18,000. Dividend yields – and...

China cuts ratesThe next shoe to drop in China following Monday’s market performance was always going to a be a policy shift, but who from? Yesterday’s cut in interest rates from the...

The US stock market couldn’t hold on to its snap-back rally in early trading on Tuesday, but Treasury yields posted a sharp U-turn yesterday (Aug. 25). For a day, at least, the notion that the...

The inability of the US stock market to sustain gains following the Chinese rate cut has left the market unsettled. Similarly, despite early gains, Chinese stocks finished lower, with the losing...

Giles Jewitt’s FX Derivatives Trader School (Wiley, 2015) is a first-rate book, intended for serious, numerate readers. (And by ‘numerate’ I don’t mean math Ph.D.s, only those...

EUR/USDCurrent level - 1.1482 The consolidation pattern below 1.1713 is still underway, do I favor another leg downwards, to 1.1296 support zone. Key resistance lies at...

Forex News and EventsJapan: inflation target set to be lowered (by Yann Quelenn) Against all odds, Japan’s PPI Services came in above expectations at 0.6% year-on-year for July. The move is very...

Market BriefIn a surprise move the PBoC lowered borrowing costs, by cutting the 1-year lending rate by 25bps to 4.60% and the 1-year deposit rate by 25bps to 1.75%, and trimmed the reserve requirement...

As equity markets go to hell in a hand basket, and capital markets react to the additional safe haven flows, analysts are left wondering if Asia is facing a repeat of the 1997 financial crisis.The...

It was another roller coaster session over in the U.S. last night. Investors were as confused as they can be and this is what the trading session has interpreted. All the major indices were giving...

Markets seemed to be unconvinced by China's easing measures announced yesterday. DJIA erased initial bounce and ended -204.91 pts, or -1.29%, down at 15666.44. S&P 500 dropped -25.6 pts, or...

• China’s new rate cut fails to calm the markets US stocks were initially encouraged by the new moves from the PBoC to free up liquidity into the markets, but then sharply reversed the...

The Three Types of Fear: The Gross-out: the sight of a severed head tumbling down a flight of stairs. It's when the lights go out and something green and slimy splatters against your arm. The Horror:...

My July 28 commentary was the last time I gave an update on my Hybrid Lindsay model (a hybrid approach to the work of the late technician, George Lindsay). In that commentary I mentioned my forecast...