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The Trump bump comes to an end

Tech analysis by Simon Kazinsky on 00:49 EST April 17, 2017
It has been easy to remain bullish on the Standard and Poor's 500 index as the chart showed 2 moving averages first being resistance before the US election and then turning into support after the event.

Dow Jones Composite Index about to hit a multi decade fibonacci ratio

Tech analysis by Simon Kazinsky on 20:35 EST February 28, 2017
The relentless ascent of the Dow Jones Composite index may pause or reverse soon if we take into account its monthly chart.

What a crash after a good long run looks like

News by Simon Kazinsky on 04:49 EST February 27, 2017
The Mexican peso put an end last week to its continued decline and made a whooping 10% gain in just a few sessions against its US counterpart.

Eurozone business growing at its fastest in 5 years

News by Newsroom on 06:59 EST February 21, 2017
Eurozone private sector and manufacturing growth accelerated close to a six-year high in February and job creation reached its fastest since August 2007, pushed by strong demand and optimism according to the latest IHS Markit's survey.

UK manufacturing strong in February and so are prices

News by Newsroom on 08:32 EST February 20, 2017
British manufacturers orders growing at the strongest pace in two years this month, but the fall in the value of the pound is pushing up prices sharply, an industry survey showed on Monday.

Pound drops by most this month on very soft retail sales

News by Allie Longford on 06:05 EST February 17, 2017
Retail sales unexpectedly fell for a third month in January.

Philadelphia Fed Manufacturing hits six year high

News by Allie Longford on 09:06 EST February 16, 2017
Optimism is on the air as The Philadelphia Federal Reserve Bank manufacturing survey rose to 43.3 in February, following an increase to 23.6 the previous month, the highest level since 2011.

Retail trader positioning at historic extreme against SPX500

News by Simon Kazinsky on 06:50 EST February 13, 2017
According to DailyFX, a portal that tracks retail traders positioning, the ratio between long and short traders for the SPX500 CFD stands now at 9 to 91% having reached earlier today a reading of 8 to 92% during the Asian session.

Forex broker FXCM banned for life from CFTC and asked to pay millions

News by Allie Longford on 20:21 EST February 06, 2017
Yet another forex broker scandal emerges as FXCM agrees to withdraw its registration and never to seek re registering ever again with the CFTC, effectively banning it from operating in the United States.

Non-Farm Employment payroll sky rockets

News by Newsroom on 08:34 EST February 03, 2017
Total nonfarm payroll employment increased by 227,000 in January, and the unemployment rate was little changed at 4.8 percent, the U.S. Bureau of Labor Statistics reported on Friday.

Unemployment Rate goes through the roof in New Zealand

News by Newsroom on 16:50 EST January 31, 2017
The unemployment rate rose to 5.2 percent in the December 2016 quarter, up from 4.9 percent in the previous quarter, though employment and the labour force continued to grow, Statistics New Zealand said on Wednesday.

Worst trading day of the year as Chicago PMI tumbles, Dow drops 150 points and industrial 1% lower

News by Allie Longford on 16:42 EST January 31, 2017
U.S. equities fell on the last trading day of the month, as investors continued to evaluate the latest policies from the White House and companies post quarterly results.

Uncertainty and the BOJ make Yen stronger

News by Allie Longford on 02:27 EST January 31, 2017
The yen strengthened against the dollar and euro on Tuesday, in the face of the U.S. P protectionist steps and jitters over the Bank of Japan’s future policy stance.

US pending Home Sales figures, the silver lining on Monday

News by Newsroom on 14:16 EST January 30, 2017
Against a backdrop of fear in the stock market, the National Association of Realtors released a report on Monday showing that pending home sales increased by much more than expected in the month of December.

Annual inflation weaker than expected makes the dollar sink

News by Newsroom on 19:54 EST January 24, 2017
The last quarter of 2016 saw inflation weaker than previously anticipated amid a slump in the price of health care, transport and communications according to the Australian Bureau of Statistics report released on Wednesday.

Pound stages the largest come back since 2008

News by Simon Kazinsky on 11:50 EST January 17, 2017
After yet another dramatic plunge for the pound at the start of the week where GBPUSD gapped down by more than 200 pips at the open the British currency has made a V shape recovery against the dollar following (or coinciding) the UK's PM announcement that whatever the Brexit deal is it will have to be approved by parliament.

U.S. retail sales disappoint at end of the year

News by Newsroom on 09:06 EST January 13, 2017
Retail sales rose 0.6% last month, the government said Friday.

Non-Farm Employment payroll dissapoints

News by Allie Longford on 08:30 EST January 06, 2017
U.S. employment increased less than expected in December but a rebound in wages points to inflation down the line.

January is not a good month for stocks

News by Allie Longford on 02:23 EST January 02, 2017
Following the abrupt end of the year for stocks where the Dow Jones gave up topping the 20,000 mark before the last bell and the Standard and Poors 500 shed 50 points in a couple of days it is worth noticing that the first month of the year is not consistent with the one way -upward- street narrative.

EURUSD continues heading lower

Tech analysis by Simon Kazinsky on 23:35 EST December 28, 2016
The euro keeps its soft tone this week versus the all mighty dollar.

House sales did not get the memo regarding the Trump bump

News by Newsroom on 10:19 EST December 28, 2016
After a good start of the day with consumer confidence unexpectedly rising there are some not so good news too on Wednesday.

This facebook comment will come back to haunt Trump

News by Allie Longford on 18:46 EST December 27, 2016
With stock indices at all time record highs, raw materials being the big winners at the end of 2016 with price increases north of 20% in many cases, something that will feed through to the price of end products next year and the dollar strength making US shares extremely expensive when purchased with foreign currency the likelihood of a correction in the US Stock market next year keeps growing.

Russian Ambassador In Turkey Killed By Shooter Screaming

News by Simon Kazinsky on 12:30 EST December 19, 2016

U.S. services PMI unexpectedly falls in December but employment robust

News by Newsroom on 11:52 EST December 19, 2016
Activity in the U.S. services sector fell in December, dampening optimism over the state of the U.S. economy, according to preliminary data released on Monday by market research group Markit.

Pound weak as Bank of England leaves UK interest rates on hold

News by Allie Longford on 07:33 EST December 15, 2016
The pound keeps losing ground against the dollar in a combination of the FED raising rates just yesterday and the Bank of England keeping its base rate at historic lows.

FED raises rate

News by Allie Longford on 14:46 EST December 14, 2016
The FED has done it! The central bank hikes by 25 Basis points as most analysts expected.

Weak US retail sales

News by Allie Longford on 08:58 EST December 14, 2016
Sales at U.S. retailers barely rose in November, but the weakness stemmed mostly from the biggest drop in sales at auto dealers in eight months.

Australia: consumer confidence plunges while business conditions lowest in 19 months

News by Newsroom on 21:04 EST December 12, 2016
Trading conditions for Australian businesses fell to the lowest level seen in almost two years in November, raising further concerns about the underlying strength in the economy.

ECB extends QE program EURUSD sinks

News by Newsroom on 08:02 EST December 08, 2016
The ECB decided to extend the asset purchase program on Thursday beyond the scheduled end in April and until at least December 2017. The amount of purchases reduces though from 80 Billion a month to 60.

Pound down as industrial output falls by most in four years

News by Allie Longford on 08:42 EST December 07, 2016
British industrial output suffered its largest monthly drop in more than four years in October after the temporary shutdown of a major oilfield ONS official figures showed on Wednesday.