Market Overview

The U.S. figure is of particular interest ahead of Bernanke's semi-annual testimony to the Congress tomorrow. Last week's Fed minutes revealed that many participants 'worried about the low level of...

Money market rates with longer maturities remain higher before the money market stress that started in June, which emphasized that China could be facing de facto tighter monetary conditions if money...

Housing starts are expected to total 940,000 in tomorrow’s update for June, based on The Capital Spectator's average econometric forecast (seasonally adjusted annual rate). The projection...

Following the market opening Tuesday, the Dow traded up 0.01 percent to 15,485.28 while the NASDAQ gained 0.03 percent to 3,608.68. The S&P fell, dropping 0.05 percent to 1,681.59. Top Headline...

EUR/USD Today’s support: - 1.3005, 1.2984 and 1.2957(main), where correction is possible. Break would give 1.2932, where correction also may be. Then follows 1.2909. Break of the latter would...

CurrenciesEUR/USD- the pair is moving in a sideway pattern on a 30 minute time frame. The price is trading above the 50 day and 100 day moving averages which means that the bulls are in control. The...

For the fourth month in a row, export container counts are contracting year-over-year – comparing same months in 2012 and 2013, and imports also contracted in June year-over-year.Economically...

The financial markets have been rather quiet this week. The DOW closed at another record high overnight at 15484.26, but that was just a 20pt gain. U.S. treasury yields continued recent consolidation...

STRATEGY: The S&P 500 remains above the 160-wma long-term support level at 1337. The standard 200-dma support level is at 1517. Perhaps more importantly, the distance above the 160-wma has has now...

June US retail sales came in nearly 6% above last year's figure. Yet economists and market participants were disappointed. In fact treasuries rallied in response to the number - a sign of a weak...

We've received numerous e-mails regarding the comment (here) that the Fed (or any other central bank for that matter) finances securities purchases with reserves. It's unfortunate that the internet is...

EquitiesQuite a lot of price movements in the last week or two, with US equities moving towards new highs, Crude Oil break out of its two year consolidation and precious metals rebounding from their...

Economists are now ratcheting down their forecasts for final 2nd quarter GDP to 1% which just further illustrates the ineffectiveness of fed policy measures. Ben Bernanke blames fiscal policies out of...

Yesterday's weaker than expected U.S. Retail Sales m/m, backed the view that the U.S. Federal Reserve (FED) will hold off reducing its bond buying stimulus anytime soon. This had the Asian Pacific...