Collapsing Turkish Lira Shakes World Stock Markets

Collapsing Turkish Lira Shakes World Stock Markets

Collapsing Turkish Lira Shakes World Stock Markets $DIA, $SPY, $QQQ, $RUTX, $VXX A plunging Turkish lira sent shock waves through global equity markets Friday, causing concerns over the financial health of lenders with heavy exposure to the economically-struggling country. The S&P 500 lost 0.7%, dropping into the red for the week (-0.3%), and the Nasdaq […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE US Dollar (.DXY) Index at 94.347 tested support near 93.86, then bounced to 94.50, thus testing resistance trendline. If breaks support near 94.10 in here, then see 93.6, which should then produce a bounce for a test at 95, seeing the cap at 95.00-95.65. EUR (Euro) at […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.921 tested support at 93.6 Thursday. While trading above 93.7, it should test at 94 again and then perhaps to 94.2-94.4, them dip to 94. The Northside cap is 95.00-95.65. EUR (Euro) at 1.1710 rose to 1.175 Thursday and dipped, may see […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.65 tested support at 93.29 Tuesday and now seems to be rising from there back towards 94. A deeper correction towards the 5 Wk MA 93.0-93.5 is on the cards, which might happen after a retest of 94. If so, the Northside target at 95 […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Pressure on the Buck. PE US Dollar (.DXY) Index -0.4% to 92.70 $EURUSD +0.58% at 1.1921 $GBPUSD -0.18% to 1.3518 $USDCHF -0.21% to 1.0027 $USDJPY -0.27% to 109.41 $USDCNY -0.23% to 6.344 US Consumer Price Index (CPI) increased 0.2% in April, less than the 0.3% rise projected. Naturally, there […]

Key US Econ Data: Inflation Tame, Job Growth Strong

Key US Econ Data: Inflation Tame, Job Growth Strong

Key US Econ Data: Inflation Tame, Job Growth Strong $DIA, $SPY, $QQQ, $VXX Even with strong job gains and optimistic small business owners, inflation still at reasonable marks February Consumer Prices, Real Earnings and Small Business Optimism CPI: +0.2%; Over-Year: +2.2%; Less Food and Energy: +0.2%; Over-Year: +1.8%/ Hourly Earnings (Monthly): 0%; Over-Year: +0.4%/ NFIB: […]

Inflation & Gold, the Link Between the Elements

Inflation & Gold, the Link Between the Elements

Inflation & Gold, the Link Between the Elements $GLD The Big Q: On fueled inflation will Gold’s price soar? The Big A: The recent US NFPs report showed that wages had jumped 2.9% in January on an annual basis. It was the best since Y 2009, which awakened investor fears of inflation. That’s why investors awaited Wednesday’s data on […]

PPI Came in ‘Hot’, Traders Shrug it Off, Market Soars

PPI Came in ‘Hot’, Traders Shrug it Off, Market Soars

PPI Came in ‘Hot’, Traders Shrug it Off, Market Soars $DIA, $SPY, $QQQ, $VXX Thursday, Wall Street marked it 5th session running of gains, led technology stocks as investors shrugged off inflation worries that may have roiled the markets early this month. Traders shrugged off economic data for a 2nd consecutive session that indicated inflation […]

US Stocks Overcome Early Weakness Finishing in the Green

US Stocks Overcome Early Weakness Finishing in the Green

US Stocks Overcome Early Weakness Finishing in the Green $DIA, $SPY, $QQQ, $VXX Tuesday, US stocks overcame early weakness driving the major indices North for the 3rd session running. Fully, 9 of the 11 S&P 500 sectors finished in the Green, with financials (+0.5%), consumer discretionary (+0.5%), and real estate (+0.6%) being the Top performers. […]

US Core Consumer Prices Mark Big Gainer

US Core Consumer Prices Mark Big Gainer

US Core Consumer Prices Mark Big Gainer US consumer prices recorded their largest increase in 11 months in December on strong gains in the cost of rental accommodation and healthcare, bolstering expectations that inflation will accelerate this year. Stock soar on inflation news: no inflation, no growth The strengthening domestic demand was underscored by other […]

Inflation is Back, Meaning Growth is Back

Inflation is Back, Meaning Growth is Back

Inflation is Back, Meaning Growth is Back $DIA, $SPY, $QQQ, $VXX Underlying US consumer prices increased in October on the back of a pickup in rents and healthcare costs, bolstering the view that a recent dis-inflationary trend worrying the Fed probably had ended. The rise in the consumer price index, excluding the volatile food and […]

Australian Dollar (A$) CPI Outlook

Australian Dollar (A$) CPI Outlook

Australia’s Consumer Price Index (CPI) climbed an annualized 2.1% after expanding 1.5% during the last three-months of 2016, while the core rate of inflation increased 1.9% during the same period amid forecasts for a 1.8% print. Signs of slower-than-expected inflation may encourage the Reserve Bank of Australia (RBA) to preserve the record-low cash rate for […]

World War 3: Bullish on Gold (NYSEArca:GLD)

World War 3: Bullish on Gold (NYSEArca:GLD)

World War 3: Bullish on Gold (NYSEArca:GLD) $GLD, $SLW, In times of War or other upheaval, people turn to Gold (NYSEArca:GLD). When economies wobble and governments fall, Gold has always been seen as the best way to preserve wealth. The Y-Y change in the consumer price index has already risen from 0 to 2.5%. When […]

Inflationary Pressures Loom in China, as Economy Firms

Inflationary Pressures Loom in China, as Economy Firms

Inflationary Pressures Loom in China, as Economy Firms Accelerated consumer and industrial prices growth indicates nascent inflationary pressure on the Chinese economy, despite the good start to Y 2017. The CPI (consumer price index) rose 2.5% Y-Y last month, fractionally above market expectations of 2.4% and the strongest in 2.5 years. Meanwhile, industrial inflation expanded […]

Trump Rally Extends on Economic Growth, Consumer Prices Up

Trump Rally Extends on Economic Growth, Consumer Prices Up

Trump Rally Extends on Economic Growth, Consumer Prices Up $DIA, $SPY, $QQQ, $VXX US stock market indexes finish at record highs for 5th day running US consumer prices recorded their biggest increase in nearly  4 years in January as households paid more for gasoline and other goods, suggesting inflation picking up. The US Labor Department said […]

Yellen, “Fed could raise US interest rates relatively soon.”

Yellen, “Fed could raise US interest rates relatively soon.”

Yellen, “Fed could raise US interest rates relatively soon.” The Fed could raise US interest rates “relatively soon,” Fed Chairwoman Janet Yellen said Thursday as data showing a surge in housing starts and uptick in inflation underscored her upbeat assessment of where the country stands. In Ms. Yellen’s 1st remarks since the election of Donald […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $HD, $CSCO, $WMT Earning season is slowing, this week just 20 members of the S&P 500 will report to Wall Street Included in this lot are 3 DJIA stocks: Home Depot (NYSE:HD) Tuesday, Cisco Systems (NASDAQ:CSCO) Wednesday and Wal-Mart Stores (NYSE:WMT) Thursday.   Economic reports The week’s 1st economic […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $IBM, $GS, $GE, $AXP, $MSFT Earnings season will pick up this week as 11 members of the DJIA are scheduled to report: International Business Machines (NYSE:IBM) Monday Goldman Sachs Group (NYSE:GS), Intel Corp. (NASDAQ:INTC), Johnson & Johnson (NYSE:JNJ) and UnitedHealth Group (NYSE:UNH) Tuesday American Express Co. (NYSE:AXP) Wednesday; Microsoft […]

Economic Watch Shows China’s Economy is Stable

Economic Watch Shows China’s Economy is Stable

Economic Watch Shows China’s Economy is Stable China’s rising M-M inflation and narrower decline in producer prices in August have provided fresh evidence of a steadying economy, experts said. China’s consumer price index (CPI), a main gauge of inflation, rose 0.1% in August on a M-M basis, the National Bureau of Statistics (NBS) announced last […]

Fed Welcomes Uptick in Inflation

Fed Welcomes Uptick in Inflation

Fed Welcomes Uptick in Inflation US consumer prices rose more than expected in August as healthcare costs recorded their biggest gain in 32.5 years, pointing to a steady build-up of inflation that could allow the US Fed to raise interest rates this year. The cost of living last month was also pushed up by continuing […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $ORCL The only S&P 500 member scheduled to report earnings is Oracle Corp. (NASDAQ:ORCL) Thursday. Economic reports The week’s 1st notable economic report to Wall Street will be the August import and export prices, released Wednesday. The Bureau of Labor Statistics’ August Producer Price Index (PPI), August retail sales, the Phily Fed’s […]

US Consumer Prices Unchanged, Inflation Slows

US Consumer Prices Unchanged, Inflation Slows

US Consumer Prices Unchanged, Inflation Slows $DIA, $SPY, $QQQ, $VXX US consumer prices were unchanged in July as the cost of gasoline fell for the 1st time in 5 months and underlying inflation slowed, which could further diminish prospects of a US Fed interest rate increase this year. The Labor Department said Tuesday that the […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $HD, $CSCO, $WMT, $LOW, $TGT Earnings season winds down, just 20 members of the S&P 500 report to Wall Street this week. Included are DJIA members Home Depot (NYSE:HD) Tuesday, Cisco Systems (NASDAQ:CSCO) Wednesday and Wal-Mart Stores (NYSE:WMT) Thursday. Some other retailers will also report to Wall Street, including: […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $KR, $ORCL Just 2 members of the S&P 500 are scheduled to report earnings to Wall Street this week: The Kroger Co. (NYSE:KR), and Oracle Corp. (NASDAQ:ORCL). Both announce their results Thursday. US Fed’s FOMC Meeting The US Fed’s Open Market Committee (FOMC) will hold a 2-day meeting, beginning […]

Wednesday’s Technical Outlook for DJIA (.DJI)

Wednesday’s Technical Outlook for DJIA (.DJI)

Wednesday’s Technical Outlook for DJIA (.DJI) $DIA, $.DJI The Wall Street rollercoaster was full on Tuesday, as all 3 US major stock market indexes reversed Monday’s gains. The DJIA fell 180 pts to close at 17,529.90, the NAS Comp fell 1.25%, to 4,715.72 and the S&P 500 shed 0.94% to finish at 2,047.21. Wall Street was […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $HD, $CSCO, $WMT Earnings season is winding down; 23 members of the S&P 500 are scheduled to report to Wall Street this week. 3 DJIA components are included: Home Depot (NYSE:HD) Tuesday, Cisco Systems (NASDAQ:CSCO) Wednesday, and Wal-Mart Stores (NYSE:WMT) Thursday. Economic Reports The week’s 1st economic reports of […]