Today marks day 15 of the current rally in the U.S. equity markets and the action the past three days is suggesting that this rally may be running out of steam. The December E-mini S&P chart in particular seems to be...
Read MoreU.S. Stock futures and Treasury instruments are trading lower overnight following an intervention last night by Japanese officials. On Tuesday, stocks rallied on better than expected U.S. Retail Sales and Business Inventories...
Read MoreOvernight the U.S. Dollar reached a new 15-year low versus the Japanese Yen on uncertainty regarding a leadership election in Japan. At issue was whether the current Prime Minister Kan would keep his job or not. Kan has been a...
Read MoreU.S. Equity markets are expected to open sharply higher after an agreement by global regulators on the size of bank capital reserves and strong Chinese economic data encouraged traders to demand higher yielding assets. Over the...
Read MoreEquity futures markets are trading higher ahead of the U.S. opening after a mixed trade overnight. Asian markets finished higher, but Europe traded mostly lower. News that China’s trade surplus narrowed to $20 billion...
Read MoreU.S. stock futures are trading a little higher but paring its gains ahead of this morning’s Weekly Initial Claims Report. This report, the first U.S. jobs data since last Friday’s Non-Farm Payrolls Report, may...
Read MoreU.S. stock index futures are called slightly higher on Wednesday ahead of the release of the Federal Reserve’s Beige Book later today, but investors will remain focused on developments in European debt markets and jittery...
Read MoreThe key to today’s trading action will be whether investor appetite for riskier assets prevails, the first full trading day following Friday’s stronger-than-expected U.S. labor data. The December Treasury Bonds have...
Read MoreNew U.S. Weekly Jobless Claims declined last week according to the government, but were still too high to have a strong impact on the weak labor market.The number was good enough to push Treasury yields slightly higher, driving...
Read MoreStocks rallied overnight after the Australian economy showed more than expected second quarter growth and China’s PMI was reported stronger than estimated. Both reports triggered a surge in demand for higher risk assets...
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