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The Aussie extends its slump against dollar today on expectation that Fed is going to hike rates next year. Additional pressure was seen in the Aussie as Westpac consumer confidence dropped steeply by...
French nonfarm payroll numbers come out immediately during the session on Wednesday, anticipated to be 0.1% for the last quarter. This probably won’t have a massive effect on the markets in...
Recovery in the global economy has been irregular over the last few years. While the world economy grew 3.5% in 2012, the pace decelerated to 3.2% in 2013 and growth is expected to be only modestly...
The recent outperformance by the EM MSCI has been remarkable since many emerging markets depend on exports to the Eurozone, which has been very weak, and to China, which has been slowing. In...
Last week I wrote about the historic correlation between the month of September and the strength of Gold. Now it appears that this September might be shaping up as one not to remember but forget....
That's the question Bloomberg’s Surveillance host Tom Keene posited Tuesday morning. And what a profound question it is.We looked back at the tech stock bubble peak in the early months of...
The latest issue of the NFIB Small Business Economic Trends is out today. The September update for August came in at 96.1, a 0.4 point uptick from the previous month's 95.7. In characteristic style,...
What is the Scottish Referendum? Scotland has been a part of the UK for over 300 years. Last year, Scotland reached an agreement with the UK to hold a referendum on Scottish independence. The...
Market movers today Attention will continue to be on the development in eastern Ukraine where the fragile ceasefire so far seems to hold. Opinion polls on the Scottish Independence vote will also...
It is fairly straightforward. There are two drivers of the dollar's strength. First are the supportive developments in the U.S. This is the growing confidence that the Fed's employment and price...
The economic trend for the US remained positive in early September, sticking to readings that are near the highest levels reached so far this year, according to a markets-based estimate of macro...
Market Drivers for September 09 2014 Latest Scottish vote shows gap narrows to 1% UK MP/IP better but TB is worse Nikkei 0.28% Europe -.29% Oil $92/bbl Gold $1254/oz. Europe and AsiaAUD: NAB Business...
Currencies EUR/USD: The pair is trading below its downward trend line on a 60 minute time frame. The next support is at 1.2811 and the next resistance is at 1.3113. USD/JPY: The pair is trading...
There’s a moderate array of economic news to digest on Tuesday, but the lion’s share of attention will zero in on the UK, and on assessing the economic consequences of a Scottish vote in...
Currencies The euro dropped to a new 14-month low, from 1.2950 to 1.2880, against the US dollar, despite the positive data from the German Trade Balance which were better than expected at 22.2 billion...