Market Overview

M&A outflows that have been evident since Q1 2014 likely to keep AUD under pressureFalling Iron Ore prices a result of over-supply and falling demand RBA vocal about falling investment in mining...

Hazardous it was… The market appears to have lost its way temporarily. Certainly, with the exception of GBP/USD, the structures that developed yesterday were pretty intensely introverted and...

There have been a litany of articles written recently discussing how the stock market is set for a continued bull rally. The are some primary points that are common threads among each of these...

The Jerome Levy Forecasting Center generated media attention recently with a new forecast of a 65% probability of a global recession next year, a contraction that will lead to a US downturn by the end...

Not surprisingly, BoE Governor Mark Carney maintained his monetary policy, despite improving workplace conditions in the U.K. The unemployment rate is still at its lowest level in six years, and wages...

Oil is down again. The price of Brent crude, which moves US gasoline prices, is below $100 a barrel for the first time (save a single month) in five years. Why am I not celebrating? No, I don’t...

The consolidative tone that has been a general feature of the foreign exchange market continues today, leaving the US dollar broadly mixed. Even though the Fed's new Labor Market Conditions Index...

USD/JPY moves still higher Yesterday we briefly discussed why USD/JPY was rising and pointed to the circular explanation on the wires: USD/JPY was higher because stocks were higher, and stocks were...

Currencies The euro (EUR) rebounded from 1.2394 to 1.2498 against the US dollar (USD) yesterday before the European quarterly GDP and US monthly Core Retail Sales announcements on Friday. The single...

Market movers today In UK the labour market report is released and the unemployment rate is expected to decline further to 5.9% in September from 6.0% in October (ILO data). Wage growth is expected...

The Australian dollar broke through US87.00 cents before pulling back and settling around US86.80 cents at 4.35pm(AEDT) as strong local data gave the currency a boost. The Westpac Consumer Confidence...

EUR/USDToday’s support: -1.2442, 1.2423 and 1.2396(main),where correction is possible. Break would give 1.2371, where correction also may be. Then follows 1.2358. Break of the latter would...

Qihoo announced today that it will release its third-quarter earnings report on November 24 and this will give investors an opportunity to see if profit margins are showing signs of improvement, after...

Talking Points:US Dollar Drops as FX Volatility, Rate Forecasts Offset British Pound Traders Brace for Volatility from BoE Report Yen Crosses Rally as Market Speculates on Election, Tax Hike...