Market Overview

The UK offered two surprises today, and they pulled the British pound in opposite directions. First, BRC sales figures were simply horrible, declining 0.8% year-over-year in June (like...

US markets are as robust as they can be, because investors surely have put aside any concerns about the European crisis, which came under the spotlight last week as the major indices in the US...

It will be a fairly busy day in terms of potentially market-moving news. In Europe focus will be on the German ZEW indicator for July. We expect a slight improvement and would especially focus on the...

Markets trod water yesterday, waiting on public appearances from two of the world’s most important central bankers.Janet Yellen will sit in front of the Senate Banking Committee this afternoon...

EUR/USDToday’s support: - 1.3613, 1.3582 and 1.3575(main), where correction is possible. Break would give 1.3561, where correction also may be. Then follows 1.3547. Break of the latter would...

The action is in commodities, not currencies Currencies moved in a narrow range yesterday. Within the USD moved only ±0.1% or more against four G10 currencies, falling vs CAD and rising vs...

This Great Graphic was tweeted by Cigolo and retweeted by Pauly@spz_trader, which is how we saw it. The data is from Thomson Reuters Datastream. It shows US and euro area industrial production since...

Bank of Japan, as expected, did not announce any new easing measures in connection with today's monetary meeting. Specifically the target for the expansion of the monetary base (the main policy...

EUR/USD picked up 19 focuses after a positive print of Eurozone modern generation in front of Mario Draghi's discourse later today. The pair is exchanging at 1.3626. German Chancellor Angela Merkel...

A current APViewpoint discussion on "The Sad State of Happiness" included an indirect reference to a popular 2010 academic study by psychologist Daniel Kahneman and economist Angus Deaton. Their topic...

Daily Briefing Currencies EUR/USD: The pair is trading in a symmetrical triangle pattern on a 60 minute time frame. The next support is at 1.3473 and the next resistance is at 1.3742. USD/JPY: The...

The market took the fragile nature of the Europeans and reverted back to the preference for a complete lack of commitment to either direction. It seems as if the market just cannot complete a normal...

Some market related observations:One of the key drivers of the recent bull run in equities has been corporate stock buybacks. Buybacks have drastically slowed in recent months…See: Another...

EM currencies are searching for some direction after ending last week on a softer note. China data out this week should provide further evidence that the world's second biggest economy is stabilizing....