Market Overview

•RBNZ cuts rates, says further easing likely; NZD gains The Reserve Bank of New Zealand (RBNZ) cut rates by 25 bps overnight and said that “some further easing seems likely.” This was...

From mid-2012 until the beginning of 2014, US treasuries were in a steep decline (yield rising) in expectations of Fed rate hikes that never came.2014 was a great year for treasury bulls, undoing the...

EUR/USDToday’s support: - 1.0915, 1.0893 and 1.0867(main), where correction is possible. Break would give 1.0844, where correction also may be. Then follows 1.0806. Break of the latter would...

U.K. retail sales unexpectedly dropped in June, causing the British pound to erase its gains versus the U.S. dollar.Sales at retailers slipped 0.2 percent in June from an upwardly revised of 0.3...

The euro rose against major currencies on Thursday after the Greek Parliament passed the second package of reform measures to pave the way for Greece’s third bailout talks to begin.The EUR/USD...

European shares retreated for a second straight session on Wednesday ahead of a critical second Greek vote on reform measures demanded by creditors.The Greek Parliament must pass the second package of...

U.S. stocks posted their second consecutive day of declines led by massive declines in the technology sector. Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) posted disappointing quarterly results or...

Commodity currenciesThese are interesting times for the commodities currencies in the G10 – the AUD, CAD, NZD and NOK are the worst performing currencies in the group as sentiment tanks and...

The Hoot Actionable ideas for the busy trader delivered daily right up front Thursday higher. ES pivot 2107.42. Holding above is bullish. Rest of week bias uncertain technically. Monthly outlook:...

Markets repositioningThe lack of economic indicators of note in North America has brought a certain measure of calm to the rush toward the greenback, causing it to dip slightly against most other...

On a year-over-year basis, household formation hovered mostly below 1.0 million units from 2007 through mid-2014. Over this period, the growth rate in household formation fell below the growth of the...

RBNZ Cuts Rates:As expected, the Reserve Bank of New Zealand cut interest rates by 0.25% from Wellington this morning. I know that I’ve used the Auckland skyline as my cover photo for...

I have been suggesting for quite some time that the Federal Reserve is stuck in a "liquidity trap", which makes it very difficult for monetary policy to be effective. More importantly, I suggested in...

I shared this chart with members last week, taking a long-term look at one index in the states and one from Europe, that both look a ton alike. This 2-pack shows the Valu-Line Geometric index and the...