Stocks Inch Higher As Draghi Dreams Trump Dismal Data

China growth slashed, more epically dismal US data, lack of clarity from Draghi, slumping oil prices, dropping yields, surging USD… now if that isn’t a recipe for buying US equities at record highs, we don’t know what is…Stocks close unchanged from ECB…And on the day only Trannies closed red (even as oil tumbled) thanks to an aftenoon push higher…On the […]

Chinese stock market suffers biggest fall since 2008 – as it …

The new European Central Bank headquarters in Frankfurt.Photograph: BORIS ROESSLER/EPAGood morning, and welcome to our rolling coverage of the financial markets, the world economy, business and finance.It’s the start of a busy week. Investors are poised for Thursday’s European Central Bank meeting, where Mario Draghi might finally announce a sovereign bond-buying programme.Anticipation of a big QE package has driven government […]

There's A Big Distortion Occurring In The European Stock Market

Earnings are arguably the most important driver of stock prices. So its a bit jarring to see stock prices and earnings diverge in the European equity markets.There’s a lot going on in Europe.The European economy is flagging. In the second quarter, GDP growth in the Eurozone was an anemic 0.1%, while inflation remains at a tepid 0.4% pace.This has created […]

EUR/USD Mid-Session Technical Analysis for July 16, 2014 » Fx …

Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereDaily EUR/USD Technical AnalysisDaily EUR/USDYesterday’s close on the bearish side of a major retracement zone at 1.3606 to 1.3584 put the EUR/USD in a weak position to begin today’s session. This led to early selling pressure that drove the Forex pair through a major uptrending angle […]