Market Overview

The U.S. dollar is mixed against the majors. The euro and pound were little changed, at $1.2730 and $1.6130. The dollar is outperforming against the Scandies, especially the Norwegian krone, but it is...

EUR/USDToday’s support: -1.2721, 1.2703 and 1.2687(main),where correction is possible. Break would give 1.2660, where correction also may be. Then follows 1.2641. Break of the latter would...

Market movers today The main event is the Fed meeting tonight. Given the recent market turmoil, the Fed is likely to reiterate the 'considerable time' forward guidance and the 'significant...

Any doubts about why I own Gold as an investment were dispelled last Saturday when I met the maestro himself: former Fed Chair Alan Greenspan. It’s not because Greenspan said he thinks the price...

To QE or not to QE…Pre-FOMC uncertainty dominates the market The highlight of the day will be the FOMC rate decision, where the Committee is widely expected to confirm the end of its QE3...

Daily Briefing Currencies EUR/USD: Is down slightly for the session, coming off the gains made after yesterday’s disappointing US Durable Goods Data. The Single currency is trading at 1.2727,...

UP NEXT: Could be an interesting few hours as we see FED, RBNZ and BoC release rate decisions and statements leading up to Asia open tomorrow. Volatility is almost an assurance but what we would also...

We expect HICP inflation (due for release on Friday) to increase to 0.6% y/y in October from 0.3% y/y in September (consensus 0.4% y/y) despite the decline in the oil price during the month. The...

For the first time in a year, Danish investors net sold foreign bonds. Furthermore, Danish investors net sold foreign shares for the second straight month. Foreign investors net purchased Danish...

Looking at the session for Wednesday, we believe that without a doubt the entire world will be focusing on the Federal Reserve. There is an interest-rate decision, which we do not think will provide...

Medical costs rose at an official rate of 1.7% year on year this past September, but the average increase in medical expenses individuals actually paid could easily be far larger. Most importantly,...

We just learned that the homeownership rate in the United States has fallen to the lowest level in 19 years.  But of course this is not a new trend.  As you will see in this article, the...

A recent paper by Nathan Swen, of the McCombs School of Business, University of Texas, compares the “timing of information acquisition” by hedge funds and mutual funds, focusing especially...

Corrective structures are always the bigger challenge compared to impulsive waves. They have more twists and turns, dead ends and often play tricks within a correction within the correction. It ends...