The U.S. dollar rose sharply higher after the U.S. Federal Reserve announced its first interest-rate increase of 2016 and signaled that it expected to increase rates 3 more times in […]
Euro Bounced back after the Referendum Outcome in Italy
Italy’s referendum was defeated. The EUR/USD fell to a 20-month low of 1.0505; however, the pair bounced back immediately. The EUR/USD fell to its lowest level since March 2015 […]
Is Euro Heading Toward Parity against Dollar after the Italian Referendum?
Euro continued to slide after the Italian referendum. EUR/USD opened with a huge bearish gap as exit polls showed the ‘No’ vote in the Italian referrendum heavily in the lead. […]
Santa Claus Rally?
The S&P 500 forward P/E has hopped to 16.9 from 16.4 on Nov. 8 while the P/E for the small-cap S&P 600 took off to 19.9 from 17.4 during a similar […]