Market Overview

"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. ...

People seem to be talking more about inflation, especially since core CPI was reported up 2% versus last year.  Only time will tell whether that data was noisy -- as Chair Yellen suggested -- or...

Japan Prime Minister Shinzo Abe has updated the “third arrow” of his economic policy, a wide-ranging package of economic reforms aimed at lifting the growth of Japan’s economy. His...

The euro area flash PMI is one of the most important economic reports in the monthly data cycle.These Great Graphics capture the importance of today's report. The first two charts come from The...

Leading indicators continue to signal strong growth in Ireland and, according to our models, we should brace ourselves for a strong rebound when Q1 GDP data is released next week. We expect a jump in...

US economic growth for this year’s second quarter is widely expected to rebound sharply after a 1.0% decline in Q1. The upbeat estimates for this quarter include the Capital Spectator’s...

The latest IMM data covers the week 10-17 June 2014. IMM data released on Friday revealed the largest single week bullish GBP build since September 2013. The move was sparked by Bank of England...

The US dollar is starting the new week lower against most of the major currencies, save the euro and Swiss franc. Soft flash euro area PMI data and a stronger than expected flash PMI from China, set...

The trend is still positive, momentum is still bullish (although slightly overbought on the daily, weekly, and monthly charts), and breadth continues to confirm the new highs put in for the equity...

The unwind continuesThe market is apparently still mulling over the implications of the FOMC statement and FOMC Chair Janet Yellen’s comments. At the short end, the Fed Funds expectations for...

William J. Bernstein has written a wonderful book for “adult” investors who are comfortable with basic math and statistics and who also enjoy a good turn of phrase. Bernstein, a retired...

Currencies The euro closed on Friday at around 1.3600 against the dollar and is now moving upwards. The single currency remains very volatile while the European Manufacturing and Services PMI are on...