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The winning streak continues for the US markets regardless how volatile is the session. Traders are determined to push the markets higher to get another record high in the US and the similar momentum...
“The economy is recovering.”How many times have you heard or read something similar to this statement recently? Comments like this are repeated so often in the media that the premise of a...
Asian exchanges were lackluster this morning after China met expectations of solid but unspectacular growth in the second quarter. The world’s second-largest economy expanded 7.5 percent over a...
Currencies The euro reached a one-month low against the dollar at 1.3565. The pair dropped yesterday after Fed Chair Yellen’s testimony was more hawkish than expected, giving signs for earlier...
China’s GDP growth in Q2 accelerated to 7.5% y/y (consensus: 7.4% y/y, DBM: 7.4% y/y) from 7.4% y/y in the previous quarter. Seasonally adjusted GDP growth in Q2 accelerated to 2.0% q/q...
Market movers today Focus on central bank speeches with ECB's Coeure and Fed's Fisher, but most important will be Fed chair Yellen's testimony. Bank of Canada will announce its rate decision. It is...
EUR/USDToday’s support: - 1.3545(main), where correction is possible. Break would give 1.3523, where correction also may be. Then follows 1.3503. Break of the latter would result in 1.3489. If a...
The Dollar strengthened against most major currencies except the resilient Sterling overnight after Fed chair Yellen's speech. Yellen testified before Senate Banking Committee and noted that interest...
UK wage inflation unlikely to follow CPI strength US housing industry optimistic for growth Yellen's comments interpreted as ''slightly hawkish' Inflation, or the lack thereof, will be on...
It’s been five years since the The Economist magazine published the critical commentary. In hindsight, the noted reputational damage was neither lasting nor spectacular. As of today, we’d...
What happens in an environment - such as the one we are in currently - that is characterized by prolonged periods of low volatility? One of the effects of diminished price swings is the decline in...
Earlier today I posted my monthly update on Retail Sales. Those of us who routinely track this series know that the Advance Estimate will be followed by a second estimate next month and a third...
Bank of America Corp. (NYSE:BAC) is set to report FQ2 2014 earnings before the market opens on Wednesday, July 16th. Most analysts predicted a contraction in earnings from a majority of the...
EUR/USD is exchanging at 1.3596 around 24 focuses as the euro kept on eaing after remarks from Mario Draghi on Monday evening. There are essentially no monetary occasions in the Eurozone today and...
Retail sales in June increased 0.2% m/m (consensus 0.6% m/m) after increasing 0.5% m/m in May (revised up from 0.3% m/m). Retail sales excluding autos and gasoline increased 0.4% m/m in June...