Market Overview

CurrenciesEUR/USD: The pair has broken out of the side way pattern towards the upside on a 4 hour time frame. The next support is near the 1.1083 level and the resistance is 1.1350. USD/JPY: The pair...

The DAX30 index is solidly trading below the downward trend line on a daily time frame. This confirms that the trend is skewed towards the downside. The price is trading well away from this trend...

Gold: Still Above Strong Psychological Barrier Of 1,200The minutes from the Federal Reserve meeting showed policymakers worried that a global slowdown and financial market selloff could hurt the US...

The EU and the UK officials meet in Brussels to negotiate Britain’s place in the EU today. David Cameron is hoping to reach an agreement on three critical subjects 1. That EU treaties should be...

Market BriefIn Asia, the Australian dollar felt the heat as the latest job report surprised substantially to the downside. The unemployment rate returned to 6.00%, missing the median forecast of 5.8%,...

In Europe, focus will be on the minutes of the January ECB meeting. We will look for any indications of what instruments it is considering or prefers after the quite dovish January meeting.In the UK,...

While it was unclear exactly how to interpret the statement as per usual, the minutes were definitely to the dovish side and based on the minutes it is hard to see another hike at least until June.In...

We are calling for an open of 4944 (+62 points or 1.3%) for the ASX 200 and closer to 5000, where the index has found good sellers since 8 January. In terms of price action, the last few days has seen...

A common problemLast night’s Federal Reserve minutes were not too much of a game changer. Indeed, as we mentioned in the lead-in to their publication it was going to be difficult for these...

The United States Federal Reserve published the minutes of January’s interest rate decision.It was expected that the FOMC would take into account the events since the December interest rate rise...

Development in oil prices remained the main driver in the financial markets. Iran showed supports on the deal between Russia and some OPEC members to freeze oil output. Yet, it refrained from joining...

DOW + 257 = 16,453SPX + 31 = 1926NAS + 98 = 453410 Y + .04 = 1.82%OIL + 2.35 = 31.39GOLD + 8.10 = 1209.40Three in a row; three up days, and good moves at that. If you believe the old adage that every...

Industrial production fell 0.7% in January 2016 which was slightly better than the (revised) -1.9% estimated for December. It was, however, the third consecutive month showing a decline and, more...

DOW + 222 = 16,196SPX + 30 = 1895NAS + 98 = 443510 Y + .03 = 1.78%OIL – .36 = 29.08GOLD – 8.50 = 1201.30Top oil officials from Russia, Saudi Arabia, Qatar, and Venezuela met in Doha and...