Market Overview

The market appears to have received a course of beans, wholegrain, fruit and vegetables – enough to begin to sense some movement in the bowels of the Forex pairs. GBP/USD broke higher as warned;...

Since the end of the financial crisis, the economy has ebbed and flowed between expansions and contractions. The contraction in economic activity during the financial crisis was followed by a surge in...

It seems every one has reservations about the Greek proposals. However, the European Commission, the Eurogroup of finance ministers and the heads of state, including Merkel, seem somewhat more...

When I initiated the dshort web page in late 2005, one of my routine topics was equity valuations, initially inspired by Nobel laureate Robert Shiller's book, Irrational Exuberance, the second edition...

Patience was the watchword used by two central bankers from North America yesterday. In the U.S., Federal Reserve Chair Janet Yellen stated that the Fed will take its time before beginning to tighten...

The flash estimate for the HSBC/Markit manufacturing PMI in February improved to 50.1 (consensus: 49.5, DBM: 49.7) from a final reading of 49.7 in January. This is the second month in a row with a...

The dovish take to Fed Chair Yellen's testimony yesterday has continued to weigh on the dollar and support global bond markets. Equities are mixed with the major markets lower while emerging markets...

Consumers in the euro area's second-largest economy are getting more confident about their situation, according to a fresh report. In February, the headline confidence index reached 92, beating the 91...

European futures are trading slightly higher after better than expected Chinese manufacturing reading. Although the Chinese data was encouraging and must have played a good music for the Central bank,...

Fed chair Janet Yellen's testimony to Congress yesterday was quite positive as she acknowledged the considerable progress in labor market. Meanwhile, She also saw the recent sharp decline in oil...

EUR/USDToday’s support: - 1.1293 (main), where correction is possible. Break would give 1.1285, where correction also may be. Then follows 1.1269. Break of the latter would result in 1.1252. If...

Market BriefDespite Fed Chair Yellens slightly dovish testimony FX markets were broadly unchanged. EUR/USD gained slightly to 1.1350 while GBP/USD rose to 1.5475. AUD/USD climbed to 0.7877 on the back...

MARKET SNAPSHOT: UP NEXT: TECHNICAL ANALYSIS: NZD/CAD: Confirms Bearish Wedge at highs If history is anything to go by do not expect precise levels of S/R to be respected, or the pattern to hit...

• Market takes Yellen’s comments as dovish = USD-negative The FT headlined that “Fed paves the way to raise rates this year as US economy strengthens.” The New York Times said...