Market Overview

Talking Points:US Dollar Flirting with Overturning Three-Year Uptrend S&P 500 Vulnerable After Setting Another Record High Gold Soars to Retake $1300/oz Figure, Crude Oil...

The TruthThe health of our democracy demands that we pursue and embrace the truth wherever it may take us and whatever we may learn. Regrettably as a nation the truth often largely escapes us due to...

Have you noticed that prices are going up rapidly?  If so, you are certainly not alone.  But Federal Reserve chair Janet Yellen, the Obama administration and the mainstream media would have...

Gold, Silver jump After weeks of trading quietly, gold and silver jumped yesterday, with gold rising 2.8% and silver exploding 4.5% in heavy volume. Reasons quoted on the screens included thoughts...

EUR/USD Today’s support: - 1.3590 and 1.3575(main), where correction is possible. Break would give 1.3561, where correction also may be. Then follows 1.3532. Break of the latter would result in...

Currencies The euro continues its bearish trend against the dollar. The pair climbed by 0.7% from 1.3521 to 1.36245 this week, which is the biggest weekly gain in the last two months. Investors are...

Decision time for Belka as well The EMEA markets will be focused on central banks in the coming week, with the Hungarian, Czech and Turkish central banks announcing rate decisions. We expect the...

As widely expected, today Norges Bank kept rates on hold. However, the interest path was adjusted downwards more than expected by almost 50bp versus a consensus view around 25bp ahead of the meeting....

Dollar Slides as Volatility Shrinks, Equities Rise and Yields StruggleThe Dow Jones FXCM Dollar Index attempted to recover from early losses this past session, but its effort wouldn’t...

Ever since an über-strong US Dollar crushed the export sector in the mid-1980s, the U.S. economy hasn’t looked quite the same.Exports picked up towards the end of the decade, helped...

US PCE inflation, which is the FOMC's preferred inflation measure, is due to be released. We expect the PCE core to increase to 1.5% y/y and we see upside risk to our forecast. The first set of...

The Latest Conference Board Leading Economic Index (LEI) for May is now available. The index rose 0.5 percent to 101.4 percent. April was revised down 0.1 percent (2004 = 100). The latest number came...

Note from Doug: Having lived for two wonderful years in Paoli, PA, a suburb west of Philadelphia just south of Valley Forge, I have a special interest in this regional indicator. But, more...

Here is the opening statement from the Department of Labor:In the week ending June 14, the advance figure for seasonally adjusted initial claims was 312,000, a decrease of 6,000 from the previous...