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The euro was steady at $1.3593 at 5:15 GMT on Wednesday morning after the dollar lost some of its strength on lower than expected consumer confidence data.The common currency was supported by news...
Wednesday dispatches a broad mix of economic news, including revised data for Britain’s third-quarter GDP. Later, we’ll see US updates on jobless claims and the Chicago Fed National...
The Nikkei has fallen for successive days during trading today (November 27th), as investors took their profits out of the market. After rising by 1.5 per cent on Monday to start the week on a high,...
Market Snapshot: Silver was quick to write off any gains seen the day previously, trading back below 20. However the intraday charts do raise the potential for a bottoming pattern to start forming,...
Austerity? Seems to have been missed in the 2014 EU budget processIn this piece, from our daily research coverage, we review the EU fiscal situation. Specifically, we examine the results of the EU...
Markets were rather quite overnight in spite of some mixed economic data from US. The Dow edged to new record high at 16120.25 but pared much gain to close nearly flat at 16072.8. S&P 500 also...
EUR/USD Today’s support: - 1.3561, 1.3512, 1.3480 and 1.3455(main),where correction is possible. Break would give 1.3438, where correction also may be. Then follows 1.3410. Break of the latter...
The three-month average of the Chicago Fed National Activity Index (CFNAI) is expected to increase slightly to 0.04 in tomorrow’s update for October (scheduled for release on November 27),...
Here’s another one of my (many, many) short positions, and it’s sporting an inverted saucer which I like. The firm is Post Properties Inc, (PPS) (as if that mattered).
AM Analysis: “Asian bourses showed mixed results” – Alex Conroy Asian bourses showed mixed results last night after a stronger yen drove the Nikkei down with exporters taking a hit....
USD Higher Versus Commodity Currencies:Another mixed day, with the dollar gaining strongly vs the commodity currencies but falling against EUR, GBP and CHF. USD/JPY was little changed.In the US,...
The Temp Staffing index hit a level not seen in the last 5 1/2 years last week. At 103 one has to go back to 2007 to find a comparable level. After being capped at 96 over the past half decade the...
Those of you good people who read ZH are well-acquainted with the eerie correlation between the EUR/JPY and the S&P 500 (of all things). The “carry trade” is so screamingly obvious,...
I see many analysts lately wondering what the next catalyst will be to send gold higher. Isn't it obvious?Without fail throughout history, every crisis eventually occurs in markets where excesses...
Earlier this year I wrote that this bull market may be younger than people were giving it credit for because the 21% drawdown in 2011 may have technically reset the count. The reasoning was that...