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The news and analysis archive

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The news and analysis archive
Gold, Dow, Bonds stumbled on hawkish Fed talks; techs tumbled

Gold, Dow, Bonds stumbled on hawkish Fed talks; techs t...

·         Trump may face hurdle in election as ailing & senile Biden set to exit the race, paving the way for younger/smarter/experienced VP Harris to fight ·         Fed will scru...

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19
Jul

U.K. and Canada Retail Sales, FOMC Members Williams and...

The U.S. dollar gained against most major currencies on Thursday recovering most of Wednesday’s losses, with the dollar index (USDX) extending its rally early on Friday to break ab...

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Nasdaq plunged on the concern of tech restrictions on China

Nasdaq plunged on the concern of tech restrictions on C...

·         At TTM EPS around $191 and recent high 5700, S&P-500 TTM PE is now almost around 30; at extreme bubble zone on hopes & hypes of Trump & Fed stimulus Wall Street was trad...

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18
Jul

ECB Interest Rates, U.S. Jobless Claims, Philly Fed Man...

The U.S. dollar fell for yet another session on Wednesday, with the dollar index (USDX) down by 0.47%, breaking below the tight range seen in the last few sessions and hitting leve...

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Dow, gold soared on hopes of rate & tax cut stimulus in 2025

Dow, gold soared on hopes of rate & tax cut stimulus in...

·         Trump 2.0 may continue all aspects of TCJA-2017 with additional corporate & middle-class tax cut ·         Fed may start 11 QTR rate cuts cycle from Dec/Sep’24 ·         ...

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17
Jul

U.S. Building Permits, Industrial Production, FOMC Memb...

The U.S. dollar was almost unchanged against most major currencies on Tuesday, with the dollar index (USDX) down by 0.03%, fluctuating within a tight range between levels 103.71 an...

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Gold slip on less dovish Powell talks and hotter retail sales

Gold slip on less dovish Powell talks and hotter retail...

·         Powell indicated despite some progress, the Fed needs to have more confidence in Q3 for the pace of disinflation; the Fed may not cut from Sep’24 ·         Wall Street su...

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Top 10 Most Valuable Currencies in the World in 2024

Top 10 Most Valuable Currencies in the World in 2024

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16
Jul

U.S. Retail Sales, Canada CPI, FOMC’s Kugler Speaks

The U.S. dollar was trading between gains and losses against most majors in the last past few sessions, with the dollar index (USDX) showing little movement, fluctuating within a t...

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Wall Street, Gold, bonds almost flat on soft CPI and hot PPI

Wall Street, Gold, bonds almost flat on soft CPI and ho...

·         Although the market is now expecting Fed rate cuts from Sep’24, the Fed may not oblige before Dec’24; Trump is set to win big against Biden; Cryptos surged briefly On Th...

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15
Jul

Fed Chair Powell Speaks, FOMC Member Daly Speaks, Empir...

The U.S. dollar fell against most major currencies last week, with the dollar index (USDX) losing 0.71% of its value on the iFOREX platform, to hit price levels last seen in April....

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What Are Triangle Chart Patterns? Types Of Triangle Charts

What Are Triangle Chart Patterns? Types Of Triangle Cha...

When a Triangle chart pattern appears on your asset’s price chart, it’s likely to be noted and acted on by tens of thousands of traders around the globe. Triangles, which tend to f...

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Gold and Dow soared on softer CPI, but slipped on hotter PPI

Gold and Dow soared on softer CPI, but slipped on hotte...

·         Nasdaq was also undercut by techs on the concern of bubble; Fed talks indicate wait & watch till Dec’24 (until further disinflation and confidence) On Wednesday, Wall St...

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12
Jul

U.S. Core PPI, Preliminary UoM Consumer Sentiment and I...

The U.S. dollar fell sharply against most majors on Thursday, with the dollar index (USDX) down by 0.53% to hit one month lows, trading close to the 104.0 mark. The move was mainly...

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Dow, Gold surged on less hawkish Powell talks and soft CPI

Dow, Gold surged on less hawkish Powell talks and soft ...

·        After June, the 6M RA of core CPI was 3.6%; at present R/R, it may not hit 3.0% before Dec’24 and till then Fed may not be confident enough for rate cuts On Tuesday, Wall...

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11
Jul

U.K. GDP, U.S. Core CPI and Unemployment Claims

The U.S. dollar had a small correction in value on Wednesday, with the dollar index (USDX) widening its trading range between levels 104.49 and 104.91. Part of the pressure on the ...

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Gold, Wall Street slip on fading hopes of an early Fed pivot

Gold, Wall Street slip on fading hopes of an early Fed ...

·         Powell made it almost clear that the Fed needs to see inflation and employment data for at least Q3CY24 (another QTR) to be confident about any rate cuts Wall Street was...

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10
Jul

Fed’s Powell Testifies, EIA Crude Inventories, U.S. 10-...

The U.S. dollar saw a modest increase in value compared to most other major currencies on Tuesday, with the dollar index (USDX) breaking above the tight range of 104.49 and 104.79 ...

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Dow, Gold wobbled on mixed US NFP job report ahead of Powell

Dow, Gold wobbled on mixed US NFP job report ahead of P...

·         Gold slid on progress of Gaza war ceasefire; Fed may not cut before Dec’24 as 6M rolling average of core CPI is at 3.7% and unemployment rate 3.9% On Friday the focus of...

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9
Jul

Fed Chair Powell Testifies, Treasury Sec Yellen Speaks,...

The U.S. dollar showed little change against most major currencies on Monday, with the dollar index (USDX) moving sideways so far this week, trading in a tight range between 104.49...

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