Market Overview

US crude futures are steady on Tuesday, trading at $33.69 a barrel in the North American session. Brent crude futures are trading at $36.47. On the economic front, ISM Manufacturing PMI came in at...

With the global economy continuing to struggle, markets desperately need some good news. China, a major source of bearish market sentiment in recent months, now has an opportunity to be a source of...

Real gross domestic product grew 0.2% in December, after rising 0.3% in November. Manufacturing and wholesale trade increased in December, while retail trade, mining, quarrying and oil and gas...

The demand for safe assets dominated asset flows in February. The main beneficiary of the risk-off trade last month: foreign government bonds in developed markets. Citigroup’s World Gov’t...

US stocks closed lower on Monday despite higher oil prices. The dollar strengthened, live dollar index data indicate the ICE US Dollar Index, a measure of the dollar’s value against a basket of...

It’s PMI day, and the results already in have been disappointing, particularly in China, but nobody was expecting anything stellar from there in any case. The reduction in the RRR yesterday was...

EUR/USDCurrent level - 1.0873 The bias here remains negative below 1.0910 minor resistance and crucial on the upside is 1.0960 high. Initial support lies at...

It could have been a disaster. US faltered yesterday, with the S&P 500 again struggling in the 1945-1950 area, and China's weaker than expected PMIs. However, after initial weakness, Asian shares...

Today is the big manufacturing PMI day in Europe. On the back of the fall in the euro area PMI figures last week, the direction of change for Spain and Italy is already set and we expect to see a...

Bookies not backing BrexitSterling was relatively quiet yesterday with very little referendum news of note. In fact the most interesting thing that took place was news that the bookmakers William Hill...

It promises to be a huge day for markets, and it’s fitting that we see a flat open for the ASX 200 and Nikkei. In theory we should gain a real sense of how traders aggregate a 50 basis point cut...

CurrenciesEUR/USD: The pair is trading below its downward trend line on a 4 hour time frame. The next support is near the 1.0710 level and the resistance is 1.1062. USD/JPY: The pair is moving in a...

The European equity session is confined by the weakness in the Chinese economic data. We have too much anxiety and the medicine is not working and this is creating a worrisome environment. The People...

Shares across Asia opened higher on Tuesday, as market sentiment was boosted by yesterday’s move by China’s central bank to cut the reserve requirement ratio. The People’s Bank of...