Market Overview

I have been suggesting for several years that the US Dollar would confound those anticipating its demise by starting a long secular uptrend. In early September I made the case for a rising...

Notwithstanding the evident benefits of HFT in electronic markets, many market participants have argued that some HFT practitioners utilize trading techniques that are detrimental to the...

The Thursday session is going to be fairly quiet, with the Chinese Industrial Production numbers coming out month over month being by far the most important announcement. Is anticipated to come out at...

October’s NFIB survey of small business owners continued to show an improving trend in almost all categories. The data can be volatile on a monthly basis, so I track various monthly averages....

Several updates on inflation throughout Europe are scheduled today, including revised data for Germany’s consumer price index for October. Later, a pair of US releases are expected to show that...

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...

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...

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...

It is the big day for the UK equity market, as the inflation report by the Bank of England is due this morning which could impact the GBP/USD pair. The report will help Mark Carney, the governor of...

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...

I have fond memories of spending countless youthful hours on a neighbor’s screened-in porch playing Monopoly. When life intervened—to go home for lunch or at the end of the day—and...

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...