Market Overview

ECB to announce large scale purchase programme Market looking for €500-700bn Capital keys to define allocation Purchases via reverse auctions or national central banks programmes Greek and...

Is European Central Bank (ECB) head Draghi’s determination to purchase government bonds turning Europe into a banana republic? What are the implications not only for the euro and U.S. dollar,...

The UK labour market report shows that the ILO unemployment rate (three-month average) in November fell more than expected to 5.8% (consensus: 5.9%, Danske Bank: 5.9%). This is the lowest unemployment...

The European Central Bank meets tomorrow, and that is the main event of the week. The price action today is dominated by other central banks. The market is still struggling to find a new balance after...

Market Drivers For January 21, 2015 BOE minutes reveal a retreat by the hawks as inflation craters Kuroda hesitates on providing targets for 2% goal Nikkei -0.49% Europe -0.30% Oil $46/bbl Gold...

The European markets are trading higher as hopes are at their boiling point that we will get a massive QE bazooka package from the ECB tomorrow. But, the fact is that the questions are raised on the...

Market BriefAs expected, the BoJ kept its policy unchanged, cut its core inflation forecast down from 1.7% to 1.0% for fiscal year 2015 and expanded its loan programs. While the BoJ’s inflation...

Markets today remind me of Christmas Eve. The day will be an interesting one in its own right, but the big day – the one that everyone has been waiting for – is tomorrow. Of course,...

The Japanese is mildly higher today as this week's pull back lost momentum. BoJ maintained its monetary policy unchanged in January but trimmed both growth and inflation outlooks. The central bank cut...

The American Trucking Associations’ (ATA) trucking index was unchanged following an increase of 3.5% in November. From ATA Chief Economist Bob Costello: Economic data was mixed in December, with...

Note from dshort: This commentary has been updated to include the December data for Industrial Production and Real Retail Sales.Official recession calls are the responsibility of the NBER Business...

The BLS's Consumer Price Index for December shows core inflation at 1.61%. The Core PCE price index at the end of the November (the most recent data), is lower at 1.41%. The Fed is on record as...

With the Swiss making a loud departure from the minimum exchange mechanism and thus effectively exiting the currency war, traders are combing financial markets for the next weakest link in the chain....

EUR/USDToday’s support: - 1.1535, 1.1520 and 1.1487 (main), where correction is possible. Break would give 1.1464, where correction also may be. Then follows 1.1433. Break of the latter would...