Consolidation is always a prelude to a the market going up or a prelude to the market going down or a prelude of the market going nowhere. Where do you think the market will go? I bet it will go down.

Consolidation sets in as traders await further progress in trade talks

Italy's next GDP growth forecast for this year will not be 0.1% but will be negative … oops it will not be growth but a decline.

Italy to cut 2019 GDP growth forecast to 0.1 pct vs 1 pct

Not a healthy market for sure. The DAX is only up 26 pips at this moment waiting for the US markets to open to indicate where to go next.

German Manufacturing Orders Plunge

Geez this is almost the same story as the previous. I almost agree with you stating "It's a recession when my neighbor is out of work and a depression when I join him". If you lose your job it might not be a recession but when you and half of your ...

German Manufacturing Orders Plunge

If it wasn't for the cheap fiat currencies printed by central banks the stock markets were not that high all over the world. People are wrong to believe that stock markets are equivalent to the real economy. The US economy looks very strong but if ...

Limited Price Action Does not Due Justice to Macro Developments

Keynesian economics works if it's applied the way it's supposed to be applied. The goal of Keynesian economics has nothing to do with borrowing funds. The goal of Keynesian economics is to spend funds to revitalize the economy through targeted ...

ADP: US Private Sector Employment Increased by 129,000 Jobs in March

Me three!

ADP: US Private Sector Employment Increased by 129,000 Jobs in March

Nice to take to court parents that want to ensure that their children will succeed. Although this is related to bribery and corruption it would be better for the FBI and the SEC to investigate rogue traders and market manipulators working for large ...

Lori Loughlin and Felicity Huffman will appear in court to face college admissions charges

With inflation at 1.7% and unemployment at 4% the economy is strong. The next recession will not come from the economy but from a failure of the stock market and guess what … the Fed will be blamed!

Fed Risks Stoking Financial Bubble in Drive to Lift Inflation

The US wants a cheaper $. The EU wants a cheaper €. China wants a cheaper ¥. Every country want a cheaper currency in order to export and stimulate its economy.

ECB Minutes to underline Eurozone woes as euro seeks a bottom

This doesn't make any sense. Last week the price went below $58 and now it's still above $62. Unless there is price manipulation the price will to go down soon.

Crude Inventory Data Shows Surprise 7.2 Million Barrel Build

With the pair rising for the last 4 days 1.05 is coming up soon.

AUDNZD Carves New Base Above 1.0450

"Auto sales in the U.S. wrapped up an ugly first quarter with dismal results for the month of March as the buying frenzy from last year’s tax cuts wore off". Nothing abnormal here. If people spent their tax cuts buying new cars in previous months ...

US Auto Sales Wrap Up Terrible First Quarter with Dismal March Numbers

Germany cutting its growth forecast by over half means the other EU countries must start to worry about their own over stated forecasts. Recession coming near you!

German Economic Institutes Cut 2019 Growth Forecast For Germany To 0.8% From Previous Estimate...

I like the expression that Jeremy Corbyn expects further talks with the PM. He talks to her every day in the parliament mostly criticizing her. No real news here.

Just bumped into Jeremy Corbyn. He told me the two-hour sit down had gone "very well" and that...

Although Mark Carney has a high position in the public service of the UK he's still a public servant. It's rare that a public servant dares criticizing the government that employs him. Maybe he has discussed the issue with the PM prior to issue such ...

Mark Carney: Risk of no-deal Brexit now 'alarmingly high'

There are many news providers so what might be important to one might not be as important for another. I'm sure news providers in Japan will rate Japanese news higher than a news provider in Germany.

NMI at 56.1%; March Non-Manufacturing ISM Report On Business

Unfortunately I have to agree with you nobody cares about the people of Venezuela. They are only pawns in the chess game played by bigger powers. Yemen is the same way except that more than 80,000 already died under the bombs of Saudi Arabia or from ...

No majority found in Brexit vote count, (GBP lower)

This story is similar to the one about Canada. The problem is that the companies that are part of the service sector pay the lowest wages in the country.

Solid upturn in US services activity, but business expectations drop to lowest since December...