The recent run of soft economic data inspires some pundits to claim that a new recession is brewing. They could be right, but they could just as easily be wrong. Although some numbers published to dat...
In what has been a less exciting session than the previous two, the euro retraced some recent gains as traders grew concerned they may have overestimated the ECB’s hawkish bias ahead of Thursday...
The Bank of England announced U.K.’s lowest unemployment rate of 4.5% in 45 years thereby triggering comments across the media channels that a rate hike could be next on the cards. However, when you...
Short term SPX Elliott Wave view suggests the rally from 5/18 low (2352.7) to 6/19 peak (2453.8) ended Minor wave 3. The pullback from 2453.8 to 2405.70 on 6/29 low ended Minor wave 4. Up from there,...
EUR/USD 4 hour After the break above the 1.15 round level resistance, the EUR/USD continues the established bullish trend with yet another higher high. The uptrend shows no signs of weakening as yet a...
AT40 = 61.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.8% of stocks are trading above their respective 200DMAsVIX = 9.9 (volatility index)Short-term Trad...
Eurozone sentiment indicator ZEW retreated slightly to 35.6 for the month of June from 37.7 in the previous month. This was below expectations of 37.2, and a retreat from its highest levels in 22 mont...
After being shellacked to start the week, the US dollar is being given a small reprieve today as investors await tomorrow’s BOJ and ECB meetings. The US may also report a bounce back in housing...
The markets are doing that thing again. That thing where everything looks easy. Where the trends are picture perfect. Where good stocks keep doing good things and bad stocks keep doing bad things. Whe...
U.S. crude stockpiles rose last week, the American Petroleum Institute announced on Tuesday, with the U.S. adding 1.6 million barrels, bring its total to 497.2 million barrels. OPEC supply also remain...