Market Overview

Yellen goes (mildly) hawkish While Fed Chair Janet Yellen’s press conference yesterday didn’t contain any new information, her style of presentation was somewhat more hawkish than before....

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...

There are two important charts I want my readers to see this morning.The first is a chart that is an indirect measure of demand in the global economy. Right now, the Baltic Dry Index (BDI) sits at its...

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...

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...

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...

So, the Fed’s tightening is almost done.Chairman Yellen informed Congress that a “high degree” of easing is needed given the slack in the labor market. This is in keeping with the...

The Chinese government is no longer providing massive economic stimulus to prop up China’s growth rate. Instead, the government is targeting spending in a more rifle-shot approach. That’s...

There has been much discussion as of late about the end of the current quantitative easing program and the beginning of the Federal Reserve "normalizing" interest rates. The primary assumption is...

Fed up with U.S. dominance of the global financial system, five emerging market powers this week will launch their own versions of the World Bank and the International Monetary Fund.Brazil, Russia,...

The pieces are gradually falling into place for a new European Commission. Juncker was confirmed today as the European Commission President. There is a summit tomorrow where the Commissioner for...