Market Overview

Talking Points:US Dollar in a Precarious Position Above Critical Support S&P 500 Technical Positioning Warns a Pullback is Ahead Crude Oil Capped Above $107, Gold Prices...

A pause in Iraq?Oil was the major loser overnight on speculation that Iraqi oil production won’t be disrupted by escalating violence in the country. Although the Iraqi army yesterday ceded...

European markets are trading near the flat line as the disheartening economic data released yesterday is still very much the main focus of traders. Our biggest concern is with Germany, which is the...

• German confidence a key matrix amid lowflation threat• US retail demand seen improving• US house prices expected to creep lowerAn update on sentiment in Europe’s biggest economy...

Currencies The euro held up against the dollar. The pair is currently trading around 1.3596 and remains strong despite the poor economic data for the 18-nation Eurozone which points towards slow...

ASIA ROUNDUP: UP NEXT: German Business Climate has edged lower for the last 2-months from its 3-year highs but still remains positive above 100. The forecast is lower, with any readings above 110.20...

The German IFO business survey will give more information about whether the negative impact from the global slowdown in Q1 is about to fade. We expect the expectation component to decline whereas the...

The financial markets are rather quiet so far this week. The Dow was stuck in tight range overall night and ended nearly flat, down -9.82 pts to close at 16397.26. The S&P 500 dropped -0.26 pts to...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.46% against the USD to close at 0.9425, benefiting from an upbeat Chinese manufacturing PMI data.LME Copper prices jumped 1.8% or $123.5/MT to...

France remains the Eurozone's Achilles heel, as its economy stagnates. Estimates continue to show that the euro area ex-France is doing significantly better. Today's flash Markit PMI report for June...

The Department of Energy's Energy Information Administration (EIA) data on volume sales is over two months old when it's released. The latest numbers, through mid-April, were published yesterday....

"Index shows economic growth picked up in May": This is the headline for today's release of the Chicago Fed's National Activity Index, and here are the opening paragraphs from the report:Led by...

Currencies EUR/USD: On a 30 minute time frame, the pair traded below the resistance level of 1.353, and remains on the upside. The next support is at 1.356 with a new resistance at 1.365. USD/JPY: The...

Market overview The ECB introduces a negative deposit rate and announces targeted LTROs. Political turbulence in eastern Europe and the Middle East poses the added risk of energy price rises. ...