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 »
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 »
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 »
Stronger U.S. retail sales numbers helped to drive the dollar higher against all of the major currencies. As usual, we expect the dollar to sustain its gains against the Japanese Yen but the dollar's... read more »
Two quick points for today's blog: The U.S. trade deficit contracted for the month of January. The gap decreased 6.6 percent to $37.3 billion from a revised $39.9 billion in December. Maybe this... read more »
The stability in the forex on Monday was short-lived as comments by ratings agencies sent investors back into the safety of U.S. dollars. Growth is improving but the threat of a fiscal crisis and... read more »
