Market Overview

On Tuesday of this past week I posted an article entitled "No One Rings A Bell At The Top" wherein I stated: "The current levels of investor complacency are more usually associated with late stage...

Growth in the U.S. economy, as it stands, can be explained with one word -- “mirage.” The Merriam-Webster dictionary explains the word mirage as “something that is seen and appears...

The Managing Director of the IMF and the chief economist are making no bones about it. More action by the ECB is inevitable. It is "just a question of timing," says Lagarde and "sooner was better than...

The Macro OutlookThe manufacturing environment has improved a lot. Finally seeing growth“The manufacturing environment, particularly the metal working sector, has improved considerably from...

Decrease in the U.S. Dollar Index continued on Thursday. Thus, the current week may be the most unfortunate for it during the past nine months. As we have noted in previous reviews, the weakening of...

Market Drivers for April 11 2014Euro rejected at 3900Chinese, German inflation in lineNikkei -2.38% Europe -.38%Oil $103/bblGold $1315/oz.Europe and Asia:CNY CPI 2.5% vs. 2.5%EUR GE Final CPI 0.3% vs....

Further to the release of the most recent FOMC Meeting minutes, which took place on March 18 and 19, the USD lost ground against all of its counterparts. A more accommodating-than-expected tone helped...

It is becoming increasingly evident that the Russian economy is going to take a very hard hit from the ongoing Ukrainian-Russian crisis - mostly due to the substantial capital outflows from Russia,...

Sell off is back in town and this time with vengeance. They say revenge is best served when it is cold, this is what bears have used this time, and caused the worse sell for the Nasdaq index yesterday...

This Great Graphic was tweeted by Random Jog. It shows family benefits as a percent of GDP for EU countries. There are two parts to the benefits. There is the part that all families receive.  It...

The week is drawing to a close with focus very much away from currency markets. Equities in Asia have slumped overnight following large falls on the Nasdaq in recent sessions. There is little to pin...

CurrenciesThe euro (EUR/USD) completes its weekly rally by gaining more than 220 pips against the US dollar (USD) and climbed up to 1.3898. The pair advanced as there is speculation that the US...

Volatilities in US equities continued overnight with DOW closing down 266.96 pts, or -1.62% while S&P 500 closed down -39.1 pts or -2.09%. Nasdaq also dropped -129.79 pts, or -3.1%. Both S&P...

Market Movers ahead In the euro area, we expect the flash PMI to have softened slightly in April, indicating GDP growth could ease a bit in Q2 compared with Q1. We expect the ECB to come under...