While the Fed meeting tonight is unlikely to result in a resolution on tapering, a number of technical concerns are on the table, making the meeting all the more interesting. Here's what to look out for: On USD liquidity: it…
Continue ReadingThe market took a break following the rapid and hefty changes seen yesterday, where risk trades were dumped, and it was a quiet session in terms of news. Things were calmer today, as European shares traversed some of yesterday's losses,…
Continue ReadingMajor currencies have remained largely unchanged, while equities have been volatile. There was a tiny bullish bias for European shares at the beginning, but that has all turned around now, with the DAX down 0.2%. US futures have likewise lost…
Continue ReadingGold prices rebounded today, Wednesday, after the decline of yesterday's session. The dollar index fell from a two-month peak against its rivals; Which lowers the cost of gold to holders of other currencies. A White House official said that testimony…
Continue ReadingStrong metal and oil prices supported shares of key commodities companies. Statistics indicated euro zone manufacturing activity expanded at a record pace in May, pushing European equities to new highs. After a holiday on Monday, the pan-European STOXX 600 index…
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