Stronger U.S. economic data helped to push the dollar higher against all of the major currencies. The rally in USD/JPY confirms that forex traders are buying dollars on the hope that the U.S.... read more »
Consider today's price action in the currency market to be the calm before the storm. This morning, the U.S. dollar is virtually unchanged against most of the major currencies but with 2 more... read more »
MSN Money has a good two minute video out this morning. In it, Diana Olick indicates that 25% of mortgage holders or 15 million homeowners owe more on their house than it's worth. And because of... read more »
January was a rough month for risky assets. For the first time since the financial crisis raged in late-2008, the red ink that spilled was broad and deep across the broad asset classes on a... read more »
Market sentiment has turned negative quickly and investors are still not ready to commit capital on this pullback. I thought it would be good to take a look at one of the broad market indices... read more »
The big news this week comes, naturally, from US auto companies. Rather than missing earnings estimates, battling unions, or closing down plants, auto firms are now making news for their... read more »
U.S. equities are trading higher this morning, which helped lift higher yielding currencies and force the U.S. dollar to give up some of its recent gains. Existing home sales was the only piece of... read more »
The nascent rebound in the housing market took another step back with the release of today's Existing Home Sales report. The National Association of Realtors said the existing homes plunged 17%,... read more »
This may be a record. Never before has one of my stories become so relevant, so quickly.It was just yesterday that I highlighted Charles Kirk's wonderful interpretation of his reader survey: ... read more »
The housing market has been looking for a bottom for years. Has it finally located the floor? There's a fresh glimmer of hope on that front via this morning's update on new housing starts and... read more »
