Market Overview

I am honored and humbled to read a message that was recently widely disseminated to FINRA member firms. The full body of the e-mail is an endorsement by Lieutenant Colonel Elton Johnson Jr. of Karen...

There are two main developments in the foreign exchange market today. The first is a somewhat firmer than expected Australian inflation figures that have thrown cold water on creeping ideas that...

The Federal Reserve’s tapering is underway. The central bank’s quantitative easing (QE) program that generated record levels of monetary liquidity in recent years is on track to fade into...

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...

Currencies EUR/USD: The pair has broken its support zone of 1.3497-1.3432 on a 60 minute time frame and this shows a weakness for the price. The next support is at 1.3419 and the next resistance is at...

Investors have once a gained pushed the US markets in a record territory yesterday when the S&P 500 made another all time high. Certainly, geopolitical tensions are not on their mind and they...

Market movers todayOn the data front, the calendar is thin today with minutes from the Bank of England (BoE) July meeting as the main event. With the first rate hike from the BoE likely to be drawing...

The euro stays generally weak as EU agreed to impose new sanctions on Russian officials for the suspected role in downing a Malaysia Airline jet over eastern Ukraine last week. EU ministers agreed to...

On Tuesday, the Bureau of Labor Statistics announced that the US Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 3.13 percent in June. What does such a figure really mean? Is...

It’s a slow day for economic reports in the US, but several new data points for Europe and the UK will provide new guidance for the macro outlook. First up is the July update on business...

A snapshot view of yesterday’s New York - London session with technical notes.US Stocks press higher: While Israel continues to attack Hamas militants in Gaza, and tensions within Ukraine remain...

The July Consumer Price Index for Urban Consumers (CPI-U) released this morning puts the June year-over-year inflation rate at 2.07%, fractionally off last month's 2.13% 19-month high, but well below...

In real, population-adjusted terms, Retail Sales are at the level we first reached in September 2004.Last week the Advance Retail Sales Report showed that sales in June rose 0.2% month-over-month and...

Here is a table showing the annualized change in Headline and Core CPI, not seasonally adjusted, for each of the past six months. I've also included each of the eight components of Headline CPI and a...