Market Overview

EUR/USD Today’s support: - 1.3606 and 1.3578(main), where correction is possible. Break would give 1.3565, where correction also may be. Then follows 1.3547. Break of the latter would result in...

Market movers today A bunch of US key figures are on the calendar for today. We expect a slight setback in personal income and personal spending growth in line with the market’s expectation and...

It’s hard to explain why, on the day when GDP was revised down to show a much larger-than-expected drop, Fed Funds rate expectations rose a bit, bond yields crept upwards and the US stock market...

Yesterday’s US gross domestic production revision showed the economy was contracting by 1 percent during the first quarter (see Markit’s report), and next week brings us the critical...

During the first three months of this year, the U.S. economy contracted at a 1 percent annual rate.  Despite this, mainstream economists flooded the mainstream media with assurances that much...

US GDP fell by an annualised rate of 1% in Q1 according to figures from the Commerce Department released yesterday. Obviously this is a disappointing number but some of the component parts give us...

Risk markets were firm ahead of month close. S&P 500 extend recent bull run and closed at another record high of 1920.03 overnight. The momentum didn't follow through to Asian markets, however,...

A snapshot view of yesterday’s New York - London session with technical notes. Overall I suspect we are now due a pullback for the US Dollar.US Preliminery GDP came in negative for the first...

Housing in the US continues to lag the nation's overall economic expansion. Today's pending home sales report was quite disappointing, with month-over-month growth of 0.4% vs. the expectations of 1%....

Note from dshort: The charts in this commentary have been updated to include the Q1 2014 Second Estimate.The chart below is my way to visualize real GDP change since 2007. I've used a stacked column...

Earlier today we learned that the Second Estimate for Q1 2014 real GDP came in at -1.0 percent, down from 0.1 percent in Advance Estimate and well below most forecasts, which were looking for a lesser...

The HootActionable ideas for the busy trader delivered daily right up front Friday lower, low confidence. ES pivot 1914.42. Breaking below is bearish. Next week bias lower technically. Monthly...

Growth slowed in Q1 and thus complements the picture of too-high unemployment and too-low inflation. Ahead of the ECB meeting, we close the 5Y spread versus Germany but remain long delta in the 5Y...

The bigger than expected downward revision in US Q2 GDP to -1.0% from an initial reading of +0.1% mainly resulted from an inventory drawdown of 1.62% (three times what was originally expected), lower...