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DXY Index on the Edge Ahead of Quieter Trading Day

Talking Points: – The National Day of Mourning for the late US President George H.W. Bush means financial markets will be closed, economic data releases pushed until tomorrow, and Fed Chair Jerome Powell’s testimony in front of the Senate Joint Economic Committee is canceled. – With no developments likely on the US-China trade war front […]
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Weekly market overview – 04/07/2016

The post-"Brexit" week was naturally a volatile one, as the market tried to digest the meaning of the UK’s choice to leave the EU. While the GBP did not recover and remained historically low, optimism returned quickly to the stock market, as EU and US indices ascended, erasing most or all of the previous week’s […]
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S&P 500 Presses Record Levels After Stunning Service Sector Data

Talking Points: ISM non-manufacturing read in at 61.6 versus the forecasted 58 and last month’s 58.5 The data contradicts the slight miss in ISM manufacturing data released Monday Services data coupled with strong employment figures sent the S&P 500 and Dow higher September’s Institute for Supply Management non-manufacturing index crossed the wires Wednesday and surpassed […]
S&P 500 Presses Record Levels After Stunning Service Sector Data

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