Market Overview

There continues to be a gradual drift back to the forces that were in play before the drama of the second half of last week. While most Asian bourses were lower, with the MSCI Asia-Pacific Index off...

US markets continued their bearish run overnight as the DJIA extended losses after the average’s worst week since November 2011. Investors are eying the Fed decision due later today, where we...

USD is opening mixed in Europe, with some profit-taking in the safe-haven JPY and CHF, which were so strong yesterday. On the other hand the AUD and NZD rallied strongly overnight. Both these moves...

EUR/USD Today’s support: - 1.3656, 1.3640 and 1.3610(main), where correction is possible. Break would give 1.3593, where correction also may be. Then follows 1.3565. Break of the latter would...

Currencies The euro (EUR) remained buoyant against the dollar after rising from 1.3530 to 1.3693 before the weekend. The single currency remained range bound since. Today’s events, including the...

The financial markets stabilized somewhat after steep selloff. The Dow once dropped to as low as 15783.55 overnight, but closed the session down -41.23 pts only at 15837.88. S&P 500 also just lost...

The FOMC meeting is starting Tuesday and policymakers will reveal Wednesday if they will continue to reduce the quantity of bonds and agency MBS in the asset purchase program that the Fed has been...

It's time again for my weekly gasoline update based on data from the Energy Information Administration (EIA). Rounded to the penny, Regular and Premium are unchanged. Regular and Premium are down 49...

(Update:  After posting this article my friend Doug Short emailed me asking about the data.  Upon returning to the NYSE site for verification, the data I originally extracted from the site...

Tomorrow the President of the United States is set to deliver his annual "State Of The Union" address.  This past week, I discussed the upcoming speech with Dave Boyer at the Washington Times...

We seem to have seen key breaks in the EUR/USD and USD/CHF that should herald a stronger follow-through at some point. The problem I have right now is when that stronger directional break will occur....

Thursday, there was a relatively large price decline when stocks were sitting near a 52-week high, wiping out a week’s worth of closes. Over the past year, we’ve seen a remarkable 10 such...

Fundamentals and Technicals Both WaningDeterioration in risk-on vs. risk-off charts contributed to our incremental risk-reduction moves last Thursday and Friday. Charts feed off of fundamental...

It’s not a big surprise we’re seeing some support at these levels. I hate the term “oversold”, but it really does apply to a lot of the stuff I look at. I frankly think if...