Market Overview

The US dollar is sporting a softer profile today as the global capital markets are trying to stabilize. Oil prices have steadied, with WTI back above $30. Bond markets are narrowly mixed though the...

London Forex Report:Another slide in equities and crude oil prices could continue to cloud global growth and inflation prospects, hence reaffirming that global monetary policy will remain ultra loose...

Another down day in Europe, taking its cues from Asia as oil prices continue to surpress any real risk appetite.Banca Monte dei Paschi (OTC:BMDPY) announced a 200 million euro ($218 million) loss for...

US ISM non-manufacturing is released at 16:00 CET and we expect the index to be stable at the current level (55.3) suggesting that the service sector continues to grow at a moderate pace.Euro area...

One argument for a lower EUR/USD:Relative rates: still in favour of USD... ...but several arguments for a higher EUR/USD: Valuation : EUR/USD is substantially undervalued External balances : The EU/US...

Opening Calls:FTSE 5877 -45 DAX 9497 -84 CAC 4250 -34 IBEX 8443 -86 Contents: 1. PBOC: sweet words, but a sword in their belly? – Angus Nicholson 2. Trade idea - Play falling oil through long...

CurrenciesEUR/USD: This pair has formed a downward wedge pattern on a 4 hour time frame. The next support is near the 1.0706 level and the resistance is 1.1082. USD/JPY: The pair has eased off from...

European markets and US futures are trading sharply lower as they are beaten up by the adverse sentiment which dribbled from Asia. Once again, the equity picture is becoming flimsy and risk appetite...

A little over a week ago, the markets were getting increasingly excited over a sudden rise in the price of crude oil.There was even talk that a breakthrough agreement between Russia-OPEC would hammer...

WTI crude oil extended this week's fall overnight and broke below 30 handle again. The development dragged US equities with DJIA lost -295.6 pts, or -1.8% to close at 16153.54. S&P 500 also...

Monitoring purposes SPX: Covered SPX 2/2/16 at 1903.03 gain of 1.92%; Short SPX 1/29/16 at 1940.24.Monitoring purposes GOLD: Neutral Long Term Trend monitor purposes: Short SPX on 1/13/16 at...

Wednesday is a busy day for key economic releases, including the hard-data update on eurozone retail spending in December. Later, two US reports will shed light on the macro trend in January, starting...

As explained in last week’s article, my Hybrid Lindsay model is pointing to a high in the Dow Jones 30 today, February 1st. Whether it is today, tomorrow, last Friday, or some other day very...