Last week, I wrote that shorting AUD/NZD is my favorite trade. At that time, I said that if the currency pair rallies back above 1.31, then the uptrend has resumed and my call is wrong. However,... read more »
If you are wondering why the Fed did not remove the pledge to keep interest rates at an extremely low level for an "extended period" of time yesterday, just take a look at this morning's... read more »
The Chinese new year has only just started, and already trade tensions are ratcheting up. This is perhaps appropriate - astrologers tell us that the year of the Tiger is often a year of instability... read more »
The U.S. central bank as expected kept interest rates near zero and continued to commit to keeping rates exceptionally low for an "extended period" of time due to concerns that the economy... read more »
As I discussed in the Special Update on January 30, "Based on a number of momentum indicators, the market has reached an oversold level, comparable to readings at the July and November lows.... read more »
The U.S. dollar traded higher against every major currency ahead of the Federal Reserve's monetary policy meeting. There are a few reasons why forex traders should be nervous today, but we believe... read more »
My piece on bank reform will have to delay until Monday evening. I am still working on it. Tonight's piece is on entitlements and pensions globally and locally. I asked recently if anyone had... read more »
A mild degree of risk aversion has settled into the forex markets this morning, pushing the U.S. dollar higher against all of the major currencies. On the eve before the Federal Reserve's monetary... read more »
Submitted by Nic Lenoir of ICAPWe have been bearish on the Shanghai composite ever since the index rejected the 50-dma around 3,100. Overnight we tested and so far held the 61.8% retracement of the... read more »
Based upon the price action in the financial markets on Friday, the U.S. retail sales report failed to impress traders and investors. There was no ambiguity in the strength of the consumer spending... read more »
