Market Overview

The US dollar has stabilized from a sell-off that took it to JPY118.50 and lifted the EUR/USD to almost $1.0750. Disappointing US data has squeezed out some late longs and unwound the rise the...

Market movers today A fairly quiet day on the data front with no major releases in Europe. Housing starts and jobless claims are due in the US. Housing starts should see a big rebound following a...

Yesterday’s European Central Bank meeting was given an exciting twist as a protestor confronted ECB President Mario Draghi during his press conference and threw glitter over the assembled...

Australian dollar rebound strongly on much better than expected job data. The employment market grew 37.7k in March, more than double of expectation of 15.0k. Prior month's figure was also revised up...

Daily BriefingCurrencies EUR/USD: The pair is above its upward trend line trading line on a 30 minute time frame. The next resistance is at 1.108 and the support is at 1.0520. USD/JPY: The pair is...

BoC standing pat doesn't mean the end of the USD rising cycle ECB President Draghi was about as dovish as he could be yesterday. He brushed aside concerns that the Bank’s QE program might taper...

US economic news will dominate today’s release schedule, including the monthly update on residential housing construction for March. We’ll also see new data on initial jobless claims and...

If you study economics and finance you’ll find a consistent battle between certain camps – the hard money camp and the fiat money camp. The hard money camp is characterized by people who...

Nordea Hypotek is set to introduce a new long covered bond (NDH5531) that will mature on 8 April 2022. The coupon rate is set to 1% and the ISIN code is SE0006991246. The loan will be introduced in...

Generally, the IMF is wrong every which way about nearly everything. Thus, one has to wonder if the correct response to ‘Super taper tantrum’ ahead, warns IMF is along the lines of "No...

Did you know that the number of publicly traded companies declaring bankruptcy has reached a five year high? And did you know that Chinese exports are absolutely collapsing and that Chinese economic...

Overall yesterday’s analysis worked quite well. I can’t say the arachnophobia has lessened too much with examples of the noise and scribbles we have been seeing. Actually identifying the...

I want to show a cautionary tale using the Zacks Rank. The industry I chose today, Oil Refiners, is currently ranked #15 out of 265 industries in the Zacks Rank system that includes 4400 stocks. That...

This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions at -1.2 shows a drop from last month's 6.9, which signals a slight contraction in...