Poll lead for Greece's Syriza narrows as Tsipras presses for new mandate

By George Georgiopoulos and Renee Maltezou ATHENS (Reuters) - Former Greek premier Alexis Tsipras urged supporters on Saturday to give him a fresh mandate to complete the country's political transformation, as polls showed his leftist Syriza party's lead slipping ahead of elections next month. Tsipras abruptly resigned last week, days after clinching an 86 billion-euro ($97 billion) bailout package from Greece's euro zone and International Monetary...

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The Dollar: Now What?

The US dollar has been on a roller coaster ride. Many have lost confidence in the underlying trend.  An important prop for the dollar, namely the prospects for the Fed's lift-off has been pushed out again, this time ostensibly due to the heightened volatility of the financial markets, apparently sparked by events in China. The September Fed funds futures have nearly fully priced out the risk of a hike next month. The effective...

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Slowing German CPI to Hit EUR/USD Ahead of ECB Meeting?

 Headline Consumer Price Index (CPI) to Slow for Third-Consecutive Month. - Will Risk for Slower Inflation Encourage the ECB to Expand/Extend QE Program? For more updates, sign up for David's e-mail distribution list. Trading the News: German Consumer Price Index (CPI) Signs of slowing inflation in Europe’s largest economy may drag on EUR/USD and push the European Central Bank (ECB) to broaden its quantitative...

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Price & Time: Everybody Is An Equity Trader Now

Traders tend to love analog charts. A potential roadmap to near-term price action is an elixir just too powerful for most to pass up (myself included). I don’t have any hard evidence, but I would be willing to bet the popularity of technical analogs spikes up anytime the PBS documentary of Paul Tudor Jones from the 1980’s gets illegally downloaded to YouTube. Traders generally also tend to have short memories and focus primarily on the...

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