Market Overview

The US dollar is posting modest across the board gains as the week winds down, but the latest upticks look vulnerable in the North American session. The euro has held above yesterday's lows. Sterling...

The US indices have started to show the divergence signs between them especially, yesterday, when the S&P 500 was able to log another record high, but other indices closed in a negative territory....

Mixed messages from the data It’s hard to know what to make of yesterday’s data. On the one hand, the Bundesbank was telling us recently that growth was slowing in Germany, but on the...

How much are you willing to pay to get what you want?This question is especially important right now because there are so many good companies that currently have expensive valuations. Procter &...

Today’s key numbers come out during the European morning, and with the markets in jubilee mode from yesterday’s good economic news, it is possible that today’s numbers provide us...

Like all addicts, Central Planners are confident they can manage the monkey on their back. But this is a self-serving illusion. Addiction is many things, but beneath its complexities it is a...

Early this week I thought the dollar bearish divergences, both hourly and 4-hour, would provide an opportunity for a reversal. Sustained dollar gains, in the EUR/USD and USD/CHF at least, broke the...

There is not one correct or proper answer to the question of why do we invest? However, if we answer the question honestly, we can possibly improve our investment outcomes. Having worked on Wall...

Weekly initial jobless claims fell 19k in the week ending July 18 to 284k.  This represents a new cyclical low.  The four-week moving average, used to smooth out this volatile series, also...

The Hungarian central bank cut rates by a larger than expected 20 bp to 2.10% but then signaled that the easing cycle had ended The Ukraine crisis has entered a dangerous new phase after the downing...

First data for the third quarter of the year were on the positive side. After declining in the previous two months, the closely watched Composite PMI for activity came in better-than-expected, rising...

There have been five important developments today, but price action has been mostly limited. Confirmation that the Reserve Bank of New Zealand is pausing after hiking rates for the fourth consecutive...

Euro services PMI was stronger than expected in July and increased to 54.4, from 52.8 in June. This is the highest level in more than three years and as services are driven mainly by domestic demand,...

EUR/USDToday’s support: - 1.3449(main),where correction is possible. Break would give 1.3438, where correction also may be. Then follows 1.3416. Break of the latter would result in 1.3389. If a...