Market Overview

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...

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...

Market movers today In the data calendar the main events are the ZEW indicator in Germany, CPI in the UK, and the NAHB housing market index and Empire. In line with our expectations for the PMIs on...

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...

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...

A moderately busy day of economic news returns for Tuesday, including the January report on consumer inflation for Britain. Soon after, we'll see a new round of ZEW economic survey data for Germany...

Markets’ mood towards Turkey took a decisive turn for the better last week. In my latest Hurriyet Daily News (HDN) column, I look at the different reasons for this change in mood, such as...

Dollar Finds Relief with First Advance in 11 Days, Will it Last?A break in the speculative feedback loop worked in the US dollar’s favor Monday. The Dow Jones FXCM Dollar Index posted its first...

Inflation expectations in the Central Bank’s monthly survey of expectations surged on Friday.  On the one hand, this is obviously a negative development, especially since it came after the...