Market Overview

After months of consistent predictions by the mainstream media that markets would only march higher, airtime is now dominated by one simple question: "How big will this correction be?"That is the...

Two SectorsAs we approach 2015, two standout sectors remain overweight in our US ETF (exchange-traded fund) portfolios. They are the Utilities and the Transportation sectors. Both sectors are largely...

Daily BriefingCurrencies EUR/USD: The pair is trading above its upward trend line on a 30 minute time frame. The next support is at 1.2238 and the next resistance is at 1.2607. USD/JPY: The pair is...

The US dollar's recent losses against the euro and yen have been extended. Oil prices continue to swoon, and the price of Brent oil has fallen below $60, while WTI approached $54. While most emerging...

Russia defense of RUB likely to be insufficient Russia shocked the markets by hiking rates dramatically in the middle of their night Monday. Just before 1 AM in Moscow, the central bank raised rates...

Currencies The euro (EUR) remains range bound between 1.2413 and 1.2485 against the US dollar (USD). The single currency is paused ahead of the PMI services releases across the Eurozone. Better than...

The flash estimate for the HSBC/Markit manufacturing PMI in December declined more than expected to 49.5 (consensus 49.8, our estimate 50.0), down from a final reading of 50.0 in November. This is the...

EUR/USDToday’s support: -1.2416, 1.2398 and 1.2364(main),where correction is possible. Break would give 1.2352, where correction also may be. Then follows 1.2323. Break of the latter would...

A quantitative run through of the Swedish Fixed Income market, starting with the Riksbank and Money Markets before moving on to government and mortgage bonds. To Read the Entire Report Please Click on...

The FOMC meeting on 16-17 December is due to conclude with a policy statement and updated economic projections, followed by a 45-minute press conference. The FOMC is likely to revise down its...

Note from dshort: This commentary has been updated with this morning's release of the November Industrial Production Report.Official recession calls are the responsibility of the NBER Business Cycle...

This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions contracted for the first time since January 2012, 23 months ago. The headline...

Reasons or Excuses? The reasons for the Fed not raising rates keep getting more bizarre and outside the scope of what used to constitute the Fed`s purview. First it was the financial crisis, then it...

Tomorrow is the first day of the feds final 2014 2 day meeting, Housing Starts, Redbook, PMI Manufacturing Index Flash and a 4 week T-bill auction.ES rallied over night and failed as CL traded into...