Market Overview

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....

On Friday the Dow ended the day 126.80 points higher, finishing at 16,154.39. The S&P was up 0.5%, or about 9 points, to 1,838.63, and the Nasdaq was nearly flat to close at 4,244.02. This...

The Japanese yen demonstrated attenuation (growth on the chart) after the Bank of Japan left the basic parameters of its emission of monetary policy without change. In particular, it confirmed 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...

Housing starts are expected to total 997,000 in tomorrow’s update for January, based on The Capital Spectator’s median econometric forecast (seasonally adjusted annual rate). The...

Currencies EUR/USD: The pair is trading above its upward trend line on a 30 minute time frame. The next resistance is at 1.3737 and the support is near the 1.3549. USD/JPY: The pair fell from its...

At the end of the two days meeting, the Bank of Japan’s Policy Board surprised the market by announcing a further easing of monetary conditions. The Stimulating Bank Lending Facility, which was...

Asian SessionThe yen tumbled against major counterparts after the announcement from the Bank of Japan that monetary policy and economic assessment will be left unchanged. The Bank also extended and...

There have been two central bank actions in Asia to note. In Europe, two countries reported lower than expected inflation.China unexpectedly drained CNY48 bln via 14-day repo operations, the first...

After its miserable performance last week, the dollar turned around and gained modestly against several currencies overnight. Its biggest gains were against the yen, after the Bank of Japan surprised...

The first trading day of the week was affected by lowered activity on the stock platforms due to the bank holiday in the United States.This morning, interesting news came from the Bank of Japan, as it...

We’ve got some good news and we got some bad news. Seems to have become the story of the U.S. economic recovery. The good news is that Washington managed to pass the debt ceiling law which takes...

Traders and investors wait with bated breath for the release of key economic statistics. How fast is the economy growing? What is the unemployment rate? Is inflation (or worse, deflation) in check?...

The yen drops sharply after the BoJ left rates unchanged at near zero level today and boosted the loan program. The central bank doubled the so called Growth Supporting Funding Facility from JPY 3.5T...