Market Overview

The CaseRelative weakness in consumer discretionary and retail stocks is indicative of increasing concerns about future economic outcomes. Relative strength in longer-dated Treasuries, income-oriented...

Pressure continues to build on the ECB to act. As discussed earlier (see post), the central bank may remain on the sidelines for some time, but the latest developments (listed below) make this...

This morning the American Association of Individual Investors reported that individual bullish investor sentiment declined 6.9 percentage points to 28.5%. That compares to the February 6, 2014 level...

The market's focus in recent days has been on the relatively sharp appreciation of the yen and the decline in equity prices. Over the past five sessions, the yen is the strongest of the majors,...

The euro continued to climb against the dollar after the Federal Reserve's policy meeting minutes disappointed. The common currency traded at $1.3845 as the minutes contained no discussion about the...

China’s Premier Li Keqiang gave what investors have felt were the clearest indications about the government’s stimulus intentions at an investment forum on Thursday. Li said that job...

There’s a mildly improving case for thinking that the recent slowdown in economic growth really was a temporary affair due to a harsh winter rather than a deeper cyclical problem. Yes,...

Yesterday, we emphasized that special attention should be paid to the publication of protocols of the last meeting of the FOMC, which, as a result, helped the American stock market to finish the...

Another day with few releases of interest on the global scene. French industrial production is expected to rise moderately by 0.2% m/m in February underlining a slow French recovery. Italian...

Global indicators signals a slowdown in global growth as data is still weak in China and US. However, a few signs indicate that the slowdown might be short-lived and we therefore expect a moderation...

The Bank of Japan kept stimulus unchanged on Tuesday, sparking a sell-off in the USD/JPY and sending the currency below the 102 level. Meanwhile, stock markets recovered from a 3-day stretch of losses...

Forex News and Events: The FOMC minutes failed to deliver the hawkish points that markets were looking for. The US dollar remains soft across the board; the US yields remain under pressure. NZD/USD...

As expected the FOMC meeting last night did not bring any surprise for the investors, but a consistent message from the Fed that they are going to support the market for the foreseeable future. One...

The US dollar suffered losses yesterday in response to confirmation that Fed policy will remain extremely accommodative for more than another year. Those losses were initially extended in Asia and...