Market Overview

U.S. markets hit successive new highs in 2014. The economic recovery seems to stay on track while gradually improving and increasing its rate of growth. Labor-force-related problems seem to be healing...

Greek Elections The fundamental concern amidst investors is that we may not get any president elected when it comes to Greek parliament votes and this will result in a snap election. Having early...

Wrong about oil I had thought the technical rally in oil yesterday would last longer than it did, but in fact it started to falter by midday in Europe. After rising a dramatic 7.5% from...

The US dollar is narrowly mixed.The euro is pinned in a quarter cent range above $1.2220. The dollar is higher against the yen for the fifth consecutive session. It may be the first session since...

The Australian dollar has fallen through the psychological US81.00 cents barrier, as a fall in key commodity prices such as oil and the local export Iron ore weighed on the currency. At 5.47pm (AEDT)...

Currencies The euro (EUR) remained range bound against the US dollar (USD) yesterday at 1.2222. The single currency remains near its lowest level since July 2012 as European Central Bank (ECB) started...

"Index shows economic growth accelerated in November": This is the headline for today's release of the Chicago Fed's National Activity Index, and here are the opening paragraphs from the report: Led...

The Chicago Fed's National Activity Index, which I reported on yesterday, is based on 85 economic indicators drawn from four broad categories of data: Production and Income Employment, Unemployment,...

Our senior data analyst Eric indicates that from the technical point of view, the USD index loses its momentum to going up, plus, the current price appears to be unreasonable and we need to make sure...

EUR/USDToday’s support: - 1.2198(main),where correction is possible. Break would give 1.2172, where correction also may be. Then follows 1.2147. Break of the latter would result in 1.2122. If a...

Market Movers Today There's a lot of US data on the agenda today. US durable goods orders are expected to show a decent increase following some softness in the past couple of months. Keep an eye on...

In addition to all of our wars in the Middle East and the war that has erupted on the streets of America, we are now engaged in a cyber war with North Korea and an economic war with Russia. Without a...

The famous and infamous Joe Granville once duly observed, "Remember, if it's obvious to the public - it's obviously wrong." Just a few years later - and with more than a tinge of irony, he failed to...

A new working paper from World Bank economists looks at the sukuk space from the point of view of development: that is, where compliance with Islamic principles is important for much of the...