Market Overview

I should note that I'm a former employee of FXCM (NYSE:FXCM), and thus am influenced by my perception and my knowledge of the executive team. Basically, in spite of the damaged balance sheet and...

Daily BriefingCurrencies EUR/USD: The pair is trading below its downward trend on a 30 minute time frame. The next resistance is at 1.15 and the support is at 1.11. USD/JPY: The pair has formed a...

It is not about the data today though there has been a slew of data that in other times would have moved the market. The flash HSBC China PMI was reported above expectations at 49.8 from 49.6 in...

Yesterday ended up being a day of largely met expectations. The ECB's decision to announce a plan to purchase assets in a bid to create inflation and stimulate demand in the eurozone is long overdue...

Looking at the Friday session, the Retail Sales number out of the United Kingdom is probably the most important number that we will run across, so that is the one that we are paying attention to the...

-- VIX continued to challenge its Cycle Top resistance at 19.18but closed above it. Fortunately, it closed above both Intermediate-term support at 16.32 and Short-term support at 16.62. The Cycles...

European markets opened higher on the final trading day of the week. Investors have cheered the big bazooka – QE package from the European Central Bank. Mr Draghi, surprised the markets...

Euro weakened broadly over night after ECB launched a massive expansion in the asset buying program that is worth over EUR 1T. EUR/USD extended recent fall to as low as 1.1314 so far while EUR/JPY hit...

Market movers today After yesterday's bold move by the ECB in which Draghi announced a long-awaited QE programme, focus will be on digesting and assessing the details. Otherwise it is Big PMI Day....

Money: How Much Deflation is Enough? Once again, we see that the cure for all of the world’s ills is quantitative easing. Since there is apparently no downside to QE, it is a shame that we...

Whilst exchange rates are notoriously hard to predict, the decision of the ECB to buy euro 60B per month from March 2015 to end-September 2016 (and more if necessary) is widely seen as bearish for...

The long-anticipated collapse of the euro is here. When the ECB president Mario Draghi unveiled an open-ended quantitative easing program worth at least 60 billion euros a month on Thursday, stocks...

The Fed Might Not Raise Rates This YearYesterday, I wrote a fairly lengthy discussion on the biggest fear of the Fed is deflation. As I stated: "The biggest worry of the Federal Reserve, and frankly...

The big economic news today is the ECB's announcement of a quantitative-easing program of 60 billion euros per month starting in March and lasting until September 2016. That's a total commitment of...