Few traders are more in-tune with the news than Adam Button. The co-owner and managing director of ForexLive.com is one of the most-followed sources of live commentary on economic news. Formerly a financial journalist, he was consistently amazed at how often market watchers missed headlines. Mr. Button is also a currency analyst at Intermarket Strategy and was the chief currency strategist at XForex.
A measure of the extent of market uncertainty about inflation is revealed by just how receptive markets have been to recent central bank messages, says Adam Button of ForexLive.com.
US and world indices start the week well off Friday's highs, following a strong US retail sales release, which highlighted the old saying “never underestimate the spending power of Americans,” except for inflation, says Adam Button of ForexLive.com.
A long list of fears is weighing on risk appetite and adding to volatility at the moment, but each will be manageable or passing, except for inflation, says Adam Button of ForexLive.com.
Stocks took a fresh hit after a Powell-Yellen double warning on US government credit default in the event that the debt ceiling was not raised, says Adam Button of ForexLive.com.