Market Overview

Prime Minister Shinzo Abe today announced that the planned hike in the consumption tax to 10% from 8% for October 2015 will be postponed by 18 months to April 2017. In addition, he also dissolved the...

The overall theme today appears to be one of consolidation, encouraged by European data, which included a slightly higher than expected UK CPI and a considerably better German ZEW survey. Japan's...

Policy divergence intensifies The dollar recovered generally against most of its G10 counterparts on Monday after falling precipitously on Friday. Much of the movement seems to have been mean...

Currencies The euro (EUR) collapsed from 1.2577 all the way down to 1.2442 against the US dollar (USD). The single currency declined as Mario Draghi stated yesterday that government bonds may be used...

Market movers today We expect the German financial ZEW expectations to break the 10-month streak of declines and increase to 0.0 in November. The Sentix expectations increased in November and since...

The overnight market sentiment was mildly positive despite disappointing Empire Manufacturing and Industrial Production data from the US. US equity indices, longer-tenored yields and...

EUR/USDToday’s support: -1.2441 and 1.2423(main),where correction is possible. Break would give 1.2396, where correction also may be. Then follows 1.2371. Break of the latter would result in...

The Australian dollar is trading around US87.17 cents at 5.20pm (AEDT) up from US87.07 cents yesterday as the Japanese government unexpectedly announced a second quarter contraction, technically...

The Tuesday session has a couple of announcements worth paying attention to, with the CPI numbers coming out of the United Kingdom first. The year-over-year October numbers are anticipated to be 1.2%,...

Summary:  Japan has remained in economic stagnation for so long we have come to consider that as normal. It’s not. Slow decay of a nation eventually ends in reform (as expected in Japan by...

Home Depot is set to report earnings for the third quarter of the year on Tuesday, November 18 before the market opens. Over the past couple years Home Depot’s performance has been improving on...

Last Friday, Bloomberg reported that: “President Vladimir Putin said Russia's economy, battered by sanctions and a collapsing currency, faces a potential ‘catastrophic’ slump in oil...

At a gathering at the Andaz Hotel in New York, October 22, a number of the alternative investment industry’s best and brightest discussed the new drivers of growth.The event, sponsored by...

A number of prominent ECB members have spoken today and some of the comments were interesting in terms of what to expect of the ECB going forward. ECB president Mario Draghi strengthened expectations...