Over the last twelve months, the overwhelming majority of major world currencies gained ground against the U.S. dollar. In fact, world currencies didn’t just garner marginal appreciation… they... read more »
The lack of US data helped the dollar run on new concerns stemming from a new chapter in the Greek saga and softness in U.S. equities. The biggest loser by far against the dollar was the pound which... read more »
We may have hit a pivotal turning point in a number of markets today. We will need to see confirmation of reversals early next week...stay tuned. Crude will finish the last trading day of the week... read more »
Retail prices, as reported by the U.S. Bureau of Labor Statistics' Consumer Price Index, were unchanged in February, bringing the yearlong increase for the index down to 2.1 percent. Wholesale prices... read more »
Gold stocks continue to face a stiff psychological headwind. As measured by their flagship HUI index, they were ripped to shreds in late 2008's brutal stock panic. In only 13 trading days, the... read more »
I am reminded that perception is everything. Let's say I articulate the following to my wife, "Honey you look like the first day of spring today." She will probably be very pleased and... read more »
The USDCAD has moved to new lows at 1.0061 (trendline support). It is hard to see the USDCAD not testing parity soon. The upside should be contained by1.0097 now. read more »
Dissecting the energy sector into the commodities and the stocks helps me define the opportunities from a clearer perspective. If we step back and look at what has transpired over the last five weeks... read more »
Too many shots, too many pints, too much corn beef and cabbage...markets did a whole lot of nothing today. $83-83.50 is still acting as stiff resistance on the May Crude futures; use that as... read more »
As we have seen from the price action in the forex markets today, what is good for U.S. equities is not necessarily good for the U.S. dollar. The Dow Jones Industrial Average climbed to a 17 year... read more »
