Please try another search
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...
The Aussie opens the week strongly higher after upside surprise in manufacturing data from China. The HSBC Chinese manufacturing PMI rose to 50.8 in June, back into expansionary region for the first...
US Dollar Pushed to Test Below Multi-Year Support AgainPrices are probing below multi-year trend support set from July 2011. This barrier (10434) is reinforced by a falling channel bottom at...
Last week US equities performed well and the S&P500 could close on a new record level and gained 25.50 points at 1,953.75 (+1.32% weekly). DJIA rose 163 points at 16,860 (+0.98% weekly) and...
An early look at the macro profile for June will dominate today’s economic news with the publication of flash estimates of manufacturing and services activity in the Eurozone and manufacturing...
The main focus today is euro PMIs. We expect the manufacturing PMI to decline further due to the lagged effect of the global slowdown in Q1. On the other hand the service PMI should increase slightly...
In Sweden, the week ahead contains interesting information in the form of retail sales and trade balance data (both published on Friday). In Sweden, the big question is if the Riksbank will follow...
US Dollar ended the week generally lower except versus the yen and Aussie even though Fed continued with tapering of the asset purchases. Markets seemed to have ignored the slight upward revision on...
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...
Writing for the Upshot section of the New York Times, Harvard economist Greg Mankiwhas weighed in on the Pikkety debate. He accepts Pikkety’s scenario of ever increasing inequality as at least a...
Those who see the current era as the 'New Normal' also have one logical action: sell now at the top and wait for the smoke to clear in 2016.In The Generational Short: Banks, Wall Street, Housing...
A snapshot view of yesterday’s New York - London session with technical notes.Key Events:AUD: Quiet week for AUD so the fate of Aussie will lie in the hands of China and US dataCAD: Also quiet...