Market Overview

It was a bit of a trip down memory lane yesterday for market watchers. Not really since 2011 have headlines about European periphery banks and bond yields been around to get traders slightly nervous...

Currencies The euro is edging lower against the US dollar EUR/USD as yesterday the pair dropped from 1.3646 down to 1.3597. Euro fell after a Portugal banking company failed to pay debt payments,...

Markets stabilized from yesterday's sharp risk selloff. While Asian equities were generally lower following US stocks, European indices opened the day flat. Yen crosses also recovered after...

An empty data calendar is the perfect excuse to briefly discuss the recent day’s turmoil in Europe:Europe’s wider bond spreads The ending week has brought us surprisingly bad news from...

EUR/USD Today’s support: - 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 result in...

Market movers today With a very light calendar focus will be on the fate of Banco Espirito Santo (LISBON:BES) in Portugal. A statement from BES issued last night is expected to pave the way for...

TCMB to cut again, SARB on hold Earlier in the year, the Turkish central bank (TCMB) hiked interest rates aggressively to curb the freefall in the Turkish lira. However, since then the lira has...

The Bank of England (BOE) left its key interest rate as is today as well as monetary policy. However, the continuing strengthening of the British Pound (GBP) I causing the policy members a problem....

Note from dshort: I've updated this commentary with the latest numbers from last week's Employment Report.In my earlier update on demographic trends in employment, I included a chart illustrating the...

Here is the opening statement from the Department of Labor: In the week ending July 5, the advance figure for seasonally adjusted initial claims was 304,000, a decrease of 11,000 from the previous...

A snapshot view of yesterday’s New York - London session with technical notes.Equities resumed their downwards path and investors took their usual flight to safety following Portuguese...

This Great Graphic appeared was posted by Alen Mattich at the Wall Street Journal.  The red bar shows the average CPI in the 2000-08 period.  The blue bar shows the latest inflation.  ...

1) While not yet official, it’s now almost a given that Jokowi has won the Indonesian elections2) The Korean central bank may be ready to cut soon3) Brazil is out of the World Cup, but equity...

European markets are set to open higher this morning after nothing new was revealed in the Fed minutes last night as expected. However, we do have a definite date, October, when the Federal reserve...