Market Overview

CurrenciesThe euro (EUR) touched a two week low at 1.3204 before retracing all the way up to 1.3362 against the US dollar (USD). The single currency made a rally of more than 150 pips amid speculation...

US equities tumbled overnight on further speculation on fed's tapering and took the greenback lower. The Dowe plunged -225.47 pts to close at 15112.19 and more importantly, it took out the 55 days EMA...

Shares were down this morning across the globe as investors were cautious over how the market would perform if the Federal Reserve begins reducing stimulus.The Nikkei fell 2.1%, the FTSE fell 40...

According to its SEC Form 13F filing released this morning, Berkshire Hathaway’s largest purchases during the second quarter of 2013 were an initial investment currently valued at $600 million...

EUR/USD Today’s support: - 1.3314 and 1.3286(main), where correction is possible. Break would give 1.3264, where correction also may be. Then follows 1.3241. Break of the latter would result in...

Here is a table showing the annualized change in Headline and Core CPI, not seasonally adjusted, for each of the past five months. I've also included each of the eight components of Headline CPI and a...

The Unemployment Insurance Weekly Claims Report was released this morning for last week. The 320,000 new claims number was a 15,000 decline from the previous week's 335,000 (an upward revision from...

• UK Retail Sales improved as the yoy grew 3.0% in July much above expectations that was estimated at 2.4%. On a monthly basis UK Retail Sales rose 1.1% in July versus a lower consensus of 0.7%....

Falling jobless claims figures in the UK and US are rendering claims by the BoE and Fed on rising yields to be pointless. Efforts from BoE governor Carney and Fed Chairman Bernanke to talk down...

Note from dshort: I've updated the accompanying charts with yesterday's Consumer Price Index data from the Bureau of Labor Statistics. The annualized rate of change is calculated to two decimal places...

Note from dshort: I've updated this commentary to include the latest Consumer Price Index data published yesterday.The Consumer Price Index for Urban Consumers (CPI-U, or more generally CPI) is the...

I am disinclined to take victory laps when most people are losing money, but the recovery in commodities prices over the last week at the same time that bond and equity prices are both declining is a...

News that weekly initial jobless claims fell to their lowest level in six years, with new cyclical lows in the 4-week moving average, have overwhelmed the other US data reported today. A recent...

A theme that threads through many of our longer term posts is that the model of capital accumulation associated with Reagan and Thatcher is over (see here, here and there) . What is to replace it is...