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'A lie told often enough becomes truth' -- Vladmir Lenin When you read such a quote -- and the source from whence it came -- it's amazing how much the political, banking and media...
Despite being closed on Monday, U.S. markets had a relatively quiet day Tuesday. The Dow lost about 24 points to close at 16,130.40. The S&P was up 0.1%, or about two points, to 1,840.76 and the...
STOCKS: The world economy is healing. However, there remains clear headwinds to the continuation of this healing, such as the emerging market risk-reassessment. Quite clearly, risk is being mispriced...
Currencies EUR/USD: The pair has broken its resistance on a 30 minute time frame. The next resistance is at 1.3818 and the support is near the 1.3689. USD/JPY: The pair fell from its resistance zone...
European markets are trading higher ahead of the key economic meetings on both sides of the Atlantic. But, before we go and discuss them, it is imperative to point out that the weak ZEW number for...
Currencies The euro (EUR) continues to rise against the US dollar (USD) as the pair moves above 1.37616. The single currency has risen above a one month high as the dollar continues to weaken. The US...
The US dollar has been confined to relatively narrow trading ranges. The key feature is the dollar-bloc's modest gains, along with the yen. Short-covering continues to fuel gains in the Australian and...
In the US the Fed will release minutes from the 28-29 January FOMC meeting. The speeches ahead of the meeting suggest relatively strong consensus on continuing the tapering course, but data since the...
The weaker than expected economic data that we have been seeing from the US continues as sentiment among home builders fell off sharply in February. While weather is a big factor here, it does not...
WTI Crude beat the 101.38 high last week and rocketed further than expected to reach 103.25. We have not hit any important resistance but we are overbought short term and on the daily chart now. Any...
The financial markets are rather steady in the Asian session today. The Nikkei pared back some of the BoJ triggered gains and is trading down -100 pts at the time of writing. Major indices in Asia are...
EUR/USD Today’s support: - 1.3740 and 1.3722(main),where correction is possible. Break would give 1.3691, where correction also may be. Then follows 1.3677. Break of the latter would result in...
The UK's economy will come under fresh scrutiny today with the release of the January labour market report. Later, investors will digest US numbers on chain store sales and housing starts, and...
The Chinese are scrambling to avert a credit crunch as they clamp down on the shadow banks by flooding the financial system with liquidity. How do you say “whatever” in Chinese?...
This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions disappointed expectations, posting a reading of 4.48, down from 12.51 last month....