Overnight World Market News

Overnight World Market News






Overnight World Market News $DIA, $DAX, $DJSH, $N300, $NSEI Overnight , Asian equities followed US and European equities North on signs that a military conflict between the US and North Korea is not imminent . According to the North Korean news agency,  NKorean leader Kim Jong Un is reviewing missile strike plans and said that he […]






Tax Reform Nears, as Barack Obamacare Collapses

Tax Reform Nears, as Barack Obamacare Collapses






Tax Reform Nears, as Barack Obamacare Collapses Thursday, US House Speaker Paul Ryan said that tax reform talks are nearing a consensus to lower business taxes by closing loopholes and special interest deductions, the latest sign that the unpopular proposed BAT might not be included. Speaking at a New Balance shoe factory in Massachusetts, Speaker […]






Fed Chairwoman Gets Investors Attention Again

Fed Chairwoman Gets Investors Attention Again






Fed Chairwoman Gets Investors Attention Again $DIA, $SPY, $QQQ, $VXX The focus Thursday was Fed Chairwoman Yellen’s testimony before the US Congress as the market posted another record close. Wednesday’s testimony confirmed this year’s next rate hike/s and QE policy tightening process that the market expected, but the discussions about the longer-term Neutral rate of […]






Markets Bet for a Fed Rate Hike in December

Markets Bet for a Fed Rate Hike in December






Markets Bet on a Fed Rate Hike in December The FOMC mins showed a discussion of inflation with the current low figures being dismissed as being due to technical issues rather than underlying trends. In an environment where inflation is generally low, technical distortions assume a lot more importance. A 0.4% drop in consumer price […]






Think Portfolio Insurance When Buying Gold in Here

Think Portfolio Insurance When Buying Gold in Here






Think Portfolio Insurance When Buying Gold in Here $GLD, $USD Gold (NYSEArca:GLD) is ranged within 1,190 and 1250 oz short term as the metal tracks US real interest rates. “We’re not saying we have a Bullish bias; we’re not saying we have a bearish bias,” siad executive director for commodities and foreign exchange at UBS […]






Central Banks Turn “Hawkish”, JPY Carry Trade Emerges

Central Banks Turn “Hawkish”, JPY Carry Trade Emerges






Central Banks Turn “Hawkish”, JPY Carry Trade Emerges $GBP, $USD, $EUR, $JPY, $CAD Cable, Loonie and EUR all rose last week on Hawkish comments from central bankers. The BOE Governor Mark Carney said it is not the time of rate hike yet. Then indicated the BOE MPC will start debating raising interest rate in the […]






US Home Construction Stalled, Continuing Growth in Question

US Home Construction Stalled, Continuing Growth in Question






US Home Construction Stalled, Continuing Growth in Question $DIA,  $SPY,  $QQQ,  $VXX May Housing Starts and June Preliminary Consumer Confidence  Starts: -5.5%; 1-family: -3.9% Permits: -4.9%; 1-Family: -1.9% Consumer Confidence: down 2.6 points The downward trend in home construction does not augur well for growth in 2-H Business leaders and owners, whether they are involved […]






President Trump Will Nominate 2 “Hawks” to Fed Board

President Trump Will Nominate 2 “Hawks” to Fed Board






President Trump Will Nominate 2 “Hawks” to Fed Board US President Donald Trump’s picks for the 2 open spots on the Fed Board of Governors may push for tighter monetary policy if they receive the Senate confirmation needed to join the interest rate-setting panel. President Trump will nominate Carnegie Mellon University professor Marvin Goodfriend, 66 […]






Irresponsible Economists make Wildly Exaggerated Calls for Global Recession

Irresponsible Economists make Wildly Exaggerated Calls for Global Recession






Irresponsible Economists make Wildly Exaggerated Calls for Global Recession The US is decisively in a growth rate cycle upturn, which began last year just after the Presidential  election. Very savvy BCA Research Chief Economist Martin Barnes and ECRI Co-founder Lakshman Achuthan provided an outlook of the US economy that surely contradicts the consensus sentiment of […]






Market Says, “The Trump Administration to Deliver Tax Reform”

Market Says, “The Trump Administration to Deliver Tax Reform”






Market Says, “The Trump Administration to Deliver Tax Reform” $DIA, $SPY, $QQQ, $VXX Markets are in full risk-on mode this week. DJIA gained 232.23 pts or 1.12% to close at 20996.12 Tuesday. S&P 500 also rose 14.46 pts or 0.61% to close at 2388.61. Both indexes took out Key resistance at 20887.5 and 2378.36 respectively […]






US President Trump Not “Talking Down” the USD

US President Trump Not “Talking Down” the USD






US President Trump Not “Talking Down” the USD $DIA, $SPY, $QQQ, $VXX US President Donald Trump is “absolutely not” trying to talk down the strength of the USD, Treasury Secretary Steven Mnuchin was quoted as saying Wednesday. Trump said last week in an interview with the WS-J that the dollar was “getting too strong,” and […]






Expect The Congress to Embrace President Trump’s Growth Plan

Expect The Congress to Embrace President Trump’s Growth Plan






Expect The Congress to Embrace President Trump’s Growth Plan $DIA, $SPY, $QQQ, $VXX, $GLD, $SLV, $USO Friday’s monthly NFPs market moving data release attracted much less attention than in the past. The Key jobs report reflects on the health of the US labor market in March, and it is important for assessing the underlying strength […]






Residential Property Sales & Leasing in UAE to be Exempt from VAT

Residential Property Sales & Leasing in UAE to be Exempt from VAT






Residential Property Sales & Leasing in UAE to be Exempt from VAT $GLD, $SLV, $PLAT The 1st sale of new residential property in the country will be subject to the Zero rate of VAT. Investment Gold, Silver and Platinum will also be Zero-rated. Supplies of residential property including sales and leasing in the UAE will be […]






Real Estate: Property Taxes in US on the Rise

Real Estate: Property Taxes in US on the Rise






Real Estate: Property Taxes in US on the Rise Property taxes rose a record-3.2% in FY 2016, according to reports. The 2016 amount of taxes collected was $540,701,000,000 compared to $523,952,380,000 in Y 2015. New Jersey property owners paid the most taxes in  Y 2016, reports WalletHub, with annual taxes set at 2.35%. The rate […]






Gold’s Price Rise Triggers Mining Stocks’ Rally

Gold’s Price Rise Triggers Mining Stocks’ Rally






Gold’s Price Rise Triggers Mining Stocks’ Rally $GDX, $SBLG, $GFI, $NEM, $EXCFF Just about a week ago it looked like Gold’s Y 2017 rally was running out of steam, and in danger of losing sight of the psych mark at 1,200 oz. A number of major Gold stocks which had outperformed the precious Yellow metal […]






Dubai: Gold Hits 2-Week High as USD Falls

Dubai: Gold Hits 2-Week High as USD Falls






Dubai: Gold Hits 2-Week High as USD Falls  $GLD Spot Gold price forecast to range between 1,228 and 1,247 oz Gold jewelry prices in Dubai spiked Monday, as the USD fell in the aftermath of the recent Fed dovish interest rate adjustment. Bullion retailed Monday by as much as Dh10/gram when compared to the prices […]






US Stocks Finished Flat to Unchanged Wednesday

US Stocks Finished Flat to Unchanged Wednesday






US Stocks Finished Flat to Unchanged Wednesday $DIA, $SPY, $QQQ, $VXX The major US averages finished Wednesday’s session flat to unchanged, as the S&P 500 (+0.1%) and the NAS Comp (+0.2%) closed with modest gains while the DJIA (-0.2%) under-performed. Black Gold finished 0.3% higher at 52.36 bbl after seeing solid losses during the overnight […]






The Fed is Breathing Life into Gold Bulls

The Fed is Breathing Life into Gold Bulls






The Fed is Breathing Life into Gold Bulls $GLD Thursday, volume and prices spiked on call options giving holders the right to buy Gold at higher prices. Wednesday, investors poured $413-M into SPDR Gold Shares (NYSEArca:GLD), the largest ETF backed by the metal, recouping almost 50% of the money that exited in January. The Fed […]






Gold Outlook: Do Not See Fed Interest Rate Increase in 2016

Gold Outlook: Do Not See Fed Interest Rate Increase in 2016






Gold Outlook: Do Not See Fed Interest Rate Increase in 2016 $GLD A US Fed interest-rate increase this year should not shake investors’ faith in Gold, according to Australia’s 2nd-largest producer. Bullion is trading near the lowest level in more than 3 months. Prices fell on speculative worries that central banks are ready to curb […]






Weak NFPs Signals No Fed Rate Hike in September

Weak NFPs Signals No Fed Rate Hike in September






Weak NFPs Signals No Fed Rate Hike in September $DIA, $SPY, $QQQ, VXX August Employment Situation and July Trade Deficit: NFPs: 151,000; Private Sector: 126,000; Unemployment Rate; 4.9% Unch; Hourly wages: +0.1%/ Trade Deficit: $5.2-B narrower Commentary: Given how robust job gains were in June and July, the weak August increase halted the FOMC actions. If […]






Top Fed Officials Pushing for Interest Rate Hikes

Top Fed Officials Pushing for Interest Rate Hikes






Top Fed Officials Pushing for Interest Rate Hikes $DIA, $SPY, $QQQ, $VXX As central bankers converge on Jackson Hole Thursday for an annual conference on monetary policy, a couple of top US Fed officials took the chance to renew a push for interest-rate hikes, citing improvement in employment and inflation. “The case is strengthening” for […]






Key Economic Data Does Not Reflect Pending ‘Disaster’

Key Economic Data Does Not Reflect Pending ‘Disaster’






Key Economic Data Does Not Reflect Pending ‘Disaster’ $DIA, $SPY, $QQQ, $VXX July New Home Sales and August Philadelphia Fed NonManufacturing Survey Home Sales: +12.4%/ Philly Fed: -4 points; Orders: -14.9 points The Big Q: With housing and hiring looking really good, where is the economic disaster we keep hearing about? The notion that the […]






Janet Yellen’s Remarks Anything But “Dovish”

Janet Yellen’s Remarks Anything But “Dovish”






Janet Yellen’s Remarks Anything But “Dovish” Monday, US Federal Reserve Chairwoman Janet Yellen said  that interest rate hikes are likely on the way because “positive economic forces outweigh the negative” for the United States now that risks from earlier this year have diminished. In Monday’s public comment from any US central banker before a Key […]






Thursday’s Technical Outlook for DJIA (.DJI)

Thursday’s Technical Outlook for DJIA (.DJI)






Thursday’s Technical Outlook for DJIA (.DJI) $DIA, $.DJI Wall Street closed mostly flat Wednesday, with the DJIA up down by 4 pts or 0.02% at 17,526.62. The NAS Comp added 0.50% to close at 4.739.12, and the S&P 500 added 0.2%, to 2,047.63. Stocks fell after the release of the latest FOMC Mins, showing higher […]






HeffX-LTN FX Report (Daily)






HeffX-LTN FX Report (Daily) $EURUSD, $GBPUSD, $USDJPY, $USDCHF, $AUDUSD, $NZDUSD The USD trimmed gains but remained supported Vs the other peer currencies Wednesday, as FX investors became more cautious ahead of the minutes of the Federal Reserve’s most recent policy meeting due later in the day. USDJPY climbed 0.49% to 109.68. FX market participants were […]






June Fed Interest Rate Hike In Sight

June Fed Interest Rate Hike In Sight






June Fed Interest Rate Hike In Sight $DIA, $SPY, $QQQ, $VXX The US Fed officials said it would appropriate to raise interest rates in June if economic data points to stronger Q-2 growth as well as firming inflation and employment, according to the FOMC mins from their policy meeting in April. That view suggests the […]






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 […]