Market Overview

ECB President Draghi confirmed the decisions made today to cut the main refi rate by 25 bp to 50 bp and cut the lending rate, the ceiling of its rate corridor, by 50 bp. Most importantly he seemed...

Fed opens door slightly for increase in asset purchasesStocks lower despite upward surprise in ISMU.S. yields at five-month lowDecline in U.S. vehicle sales suggests weak start to Q2 consumptionFocus...

The euro steadied just below Wednesday's two week high ahead of the European Central Bank's meeting.The currency traded at $1.3162 on Thursday morning as investors waited for bank President Mario...

Futures Higher On Central BanksU.S. equity futures rose slightly in early pre-market trade following the FOMC saying that it is prepared to increase or decrease asset purchases depending on the state...

My monthly market valuation updates have long had the same conclusion: US stock indexes are significantly overvalued, which suggests cautious expectations on investment returns. In a "normal" market...

Bull and bear markets don’t just happen – they’re created by the Federal Reserve. While few investors dispute the power that Fed interest rate policy has on the market, the extent to...

Market participants focus on ECB rate decision with uncertainty abounding to whether the central bank will fulfill demands for a rate cutNotes/ObservationsAs expected, the FOMC left its interest rates...

Miss in China HSBC final manuf PMI, weak Australia building permits tip OIS probabilities in favor of RBA cutEconomic Data(CN) CHINA APR HSBC FINAL MANUFACTURING PMI: 50.4 V 50.5E(AU) AUSTRALIA MAR...

The focus is squarely on today's ECB meeting. The euro, Swiss franc and sterling are consolidating the gains that have carried them to multi-week highs against the dollar. Expectations are running...

After disappointing ISM survey results on Thursday, the Fed maintained its key interest rate unchanged as forecast, but, more significantly, reiterated its commitment to purchase $85 billion per month...

As of this writing 4:50 AM EST, here’s what we see:US Dollar –Up at 81.720 the US Dollar is up 198 ticks and is trading at 81.720. Energies – June Oil is up at 91.02. ...

Updates on manufacturing PMIs for France, Germany and the Eurozone are scheduled for release, just ahead of the European Central Bank’s monetary policy announcement. Later, the weekly jobless...

Being a columnist is tough. You write a column that you are really proud of. Then, you find out that you messed up!:( I actually wouldn’t say I messed up my latest Hurriyet Daily News column,...

WHENRate decision: Thursday 2 May 2013, 12.45pm (BST) Press conference: Thursday 2 May 2013, 13.30pm (BST) CONSENSUS EXPECTATIONS Forecast: Where will the ECB interest rate be after its policy...