5 July 2010

Highlights US dollar was mostly firmer vs. the majors as the risk off trading environment carried over from last week, albeit in thin holiday trading.  Yen and Swiss franc were largely firmer, while EM FX was mixed.  Biggest…

Must-reads Technicians Eye Market Signals - Barrons.com Economics: Why are firms saving so much? | The Economist World Cup Frank Lampard's 'goal' against Germany should have stood – linesman | Football | guardian.co.uk…

Here's a chart that Bespoke Investment has drawn up. Bespoke says: The percentage of stocks in the S&P 500 now trading above their 50-day moving averages is down to 4%.  At the March 2009 lows, the reading only got down to…

The first real warning that growth in the global economy was set to decline came in April. And since then, the signs of distress have only increased. In the US, the distress is everywhere – in the housing data, the employment figures, and…