Gold Flat on Firm USD, China Trade Tensions Continue + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold was steady Tuesday on US-China trade tensions after $200-B of tariffs came into effect, investors stay on the sidelines ahead of the FOMC policy meeting. Spot gold was barely changed at 1,198.28 oz by 0056 GMT. […]
Gold Down on From USD, as China Halts Trade Talks + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold edged lower Monday, as USD held firm on news that China has cancelled trade talks with the United States, with the market also eyeing this week’s FOMC policy meeting for guidance on […]
Expect the Fed to Predict Slower Growth, No Recession Ahead Investors have been worried about the potential for a US recession by Y 2020, this week the Fed policy makers are likely to project this 9-year-old expansion will last for a few more years. Federal Open Market Committee (FOMC) participants at the close of a […]
Gold Prices Up, Easing Trade Concerns Soften USD + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Asian stocks extended gains Friday thanks to Wall Street marking all-time highs, as investors believe that the latest exchange of tariffs between the United States and China may be less damaging than initially feared. […]
The Trump Effect: US Economy is Strong $DIA The strong US economy continues under President Donald Trump. A string of reports Thursday showed the labor market is getting stronger, consumers are increasingly optimistic and manufacturers are expanding, adding to signs that GDP (gross domestic product) remains on track for a solid performance in Q-3 Filings […]
Gold Prices Steady, Trade Concerns Pressure USD + Commodities $GLD, $SLV, $USD, $PLAT, $USO, $OIL, $SOY, $CORN,$WEAT In Asia Asian stocks followed global indexes higher Thursday, as investors took a less bearish view on the impact of the US-China trade war on markets, a sharp contrast to dim expectations economists had on US growth amid the […]
The Trump Effect: Atlanta Fed Keeps GDP Forecast at 4.4% $DIA, $SPY, $QQQ, $RUTX, $VXX Wednesday, the S&P 500 finished with a gainer of 0.1%, driven by financial shares, which rallied on another rise in interest rates. The blue-chip DJIA outperformed, adding 0.6%, the NAS Comp lagged, closing lower by 0.1%, and the small-cap Russell […]
Gold Prices Up, as USD Eases + Commodities $GLD, $SLV, $USD, $PLAT, $USO, $OIL, $SOY, $CORN,$WEAT Gold prices edged up Wednesday, as the USD weakened despite another round of reciprocal tariffs in the US-China trade dispute. In focus 19 September 2018 Spot gold up 0.1 % to 1,199.18 oz by 0044 GMT US gold futures […]
President Trump is “Guiding Hottest Economy in World” The US National Economic Council Director Larry Kudlow said America’s economy is leading the rest of the world by returning to a basic approach of cutting taxes and burdensome regulation to allow businesses to freely flourish with government oppression. “The U.S. is the hottest economy in the […]
The Trump Effect: US economy Poised for Strong Growth in Q-3 US economy is expanding at a 4.4% annualized rate in Q-3, the Atlanta Fed’s GDPNow forecast model showed Friday despite retail sales recording their smallest gainer in 6 months in August. Consumers cut back on purchases of motor vehicles and clothing, but upward revisions to […]
US Gasoline Prices Up, Inflation Rising $UGA, $USO US consumer prices rose less than expected in August as increases in gasoline and rents were offset by declines in healthcare and apparel costs, and underlying inflation pressures also appeared to be slowing. The US Labor Department said on Thursday its Consumer Price Index increased 0.2% last month after […]
Fed Moving to Avert a Recession Due to Falling Unemployment Fed officials tout 10 yrs of falling unemployment as among their major victories in fighting the economic crisis of Y’s 2007 to 2009. Now they are starting to worry they have been too successful. When unemployment falls as low as it is currently, Boston Fed […]
US Producer Prices Dip as Inflation Eases No one seems to know why there is no inflation US wholesale prices fell unexpectedly last month for the 1st time since February 2017, pulled down by falling prices for transportation and warehousing services. The drop suggests that inflationary pressures may be easing despite the strength of the […]
Gold Finished Flat, Rate Hike and Trade Tensions Concern $GLD, $SLV Gold prices held steady during Asian trade Tuesday as investors remained on the sidelines amid expectations of a Fed interest rate hike later this month and on fears of an escalation in the US-China trade dispute. Spot gold was mostly unchanged at 1,195.79 oz […]
Trade Disputes Poses Little Danger to the Thriving US Economy $GS Goldman Sachs declares President Donald Trump’s economy is growing at a pace of 3.5%, or 2X its estimated potential. Goldman chief economist said the trade war poses little danger to the thriving economy He predicts the Fed will hike interest rates 6 more times […]
USD Higher on Continuing Trade Tensions $USD, $AUD, $EUR, $JPY, $CNY Friday, US President Donald Trump warned that he is ready to slap tariffs on virtually all Chinese imports into the United States, threatening duties on another $267-B of goods in addition to the $200-B already facing the risk of duties. The US Dollar (.DXY) […]
Annual Wages Rise Most Since 2009 as US Adds 201,000 Jobs $DIA, $SPY, $QQQ, $RUTX, $VXX US job growth accelerated in August and wages notched their largest annual increase in more than 9 years, the clearest signs that the economy was so far weathering The Trump Administration’s escalating trade dispute with China. The Labor Department’s closely […]
The Trump Effect: Low Unemployment Makes Economy ‘as Good as it Gets’ $DIA, $SPY, $QQQ, $RUTX, $VXX Current economic conditions are “as good as it gets” for the Fed, a Key policymaker said Thursday. Looking ahead, investors will receive the Employment Situation report for August Friday, the consensus expecting an increase of 187,000 in NFPs, an […]
Atlanta Fed Lifts Q-3 GDP Prediction to 4.7% $DIA, $SPY, $QQQ, $RUTX, $VXX The next GDPNow update is Wednesday, 5 September. The US economy is growing at a 4.7% annualized rate in Q-3, the Atlanta Federal Reserve’s GDPNow forecast model showed on Tuesday, following the latest data on construction spending and factory activity. This is now […]
Atlanta Fed’s Q-3 GDP Estimate at 4.1% The US economy is expanding at a 4.1% annualized rate in Q-3, the Atlanta Federal Reserve’s latest GDPNow forecast model showed, following the release of the advanced economic indicators from the US Census earlier this week. This was slower than the 4.6% GDP growth pace calculated by the […]
Atlanta Fed Lifts GDP Growth Estimate to 4.6% The Trump Effect Expands The US economy is growing at a 4.6% annualized rate in Q-3 following the government’s data on new-home sales and costs, the Atlanta Federal Reserve’s GDPNow forecast model showed Friday. Friday’s Atlanta Fed estimate is higher than the last estimate of 4.3% on 16 August. […]
This Bull Market Was Born in the Depths of Financial Crisis $SPY This Wall Street Bull market was born at the depths of a financial crisis, and it has just became the longest ever recorded. Low valuations, little competition and EP/S growth that looked spectacular, but inline with historical trends, these were the forces that […]
US Investors are Ignoring Political Drama, the ‘Economy’s Everything $SPY National Economic Council Director Larry Kudlow said stock-market investors are apparently ignoring any White House political turbulence because the robust economy is proof President Donald Trump’s strategy is working. The Bull market on Wall Street set history this week when it eclipsed the S&P 500’s […]
President Trump, “not trilled” with Fed’s Raising Interest Rates $USD, $EUR Monday, US President Donald Trump said he is “not thrilled” with Fed Chairman Jerome Powell for raising interest rates, plus he accused China and Europe of manipulating their respective currencies. President Trump rattled investors in July when he criticized the Fed’s monetary policy tightening, […]
Investors Cautious on Equities Despite Low Unemployment, Strong Growth Americans were less upbeat about stock even as the US unemployment rate hovered near an 18-year low and the economy recorded its fastest growth pace in four years in the second quarter, a New York Fed survey released Monday revealed. The regional Fed’s barometer on consumers’ […]
US Economic Growth Forecast The WS-J’s monthly survey of private economists see now the average estimate for US economic growth this year to have increased to 3R, up from projections of 2.9% last month and 2.4% a year ago. The survey of private economists also expects the unemployment rate falling to 3.6% by June 2019, which would be […]
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 […]
US Producer Price Index Flat, Restraining Inflation Fears $DIA, $SPY, $QQQ, $RUTX, $VXX US wholesale prices were unchanged in July after 2 months of increases, indicating inflation pressures have softened a bit. Thursday, the Labor Department said that the PPI (producer price index) which measures price changes before they reach the consumer increased 3.3% last month […]
The Atlanta Fed Lifts Q-3 GDP Growth View to 5% The US economy is growing at a 5.0% annualized rate in Q-3 following the latest data on construction spending and manufacturing activity, the Atlanta Federal Reserve’s most-recent GDPNow forecast model showed. That is faster than the 4.7% pace calculated by the regional Fed’s forecast program […]
Fed’s FOMC Votes 8-0 to Leave Fed Fund’s Rate Unchanged $DIA, $SPY, $QQQ, $RTUX, $VXX The FOMC left the benchmark interest rate unchanged, and reiterating their plan to gradually lift borrowing costs to keep the economy expanding at a healthy pace. Economic activity has been “rising at a strong rate,” and the unemployment rate “has […]
US Consumer Spending Rises, Inflation Continues to Strengthen Consumer spending increased solidly in June as US households spent more on restaurants and accommodation, building a strong base for the economy heading into Q-3, inflation rose moderately. The Commerce Department said on Tuesday consumer spending, which accounts for nearly 70% of US economic activity, rose 0.4% last […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Again, the big cap indexes are set up well. The small and mid-caps are near the old highs and testing. Earnings are set up, ready to drive market North. The Big Q: Will the EPS provide the catalyst? The Big A: Yes, accompanied with good […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX The big cap indexes are set up well. The small and mid-caps are near the old highs and testing. Earnings are set up, ready to drive market North. The Big Q: Will the EPS provide the catalyst? The Big A: Yes, accompanied with good guidance […]
President Trump, “‘Ready to Go’ With Tariffs on $500-B of Chinese Imports” US President Donald Trump has indicated that he is willing to hit every product imported from China with tariffs. President Trump said “I’m willing to go to 500,” referring roughly to the $505.5-B in goods imported last year from China. The Trump Administration […]
President Trump, “I am not thrilled with rate hikes” President Donald Trump criticized the Fed’s interest-rate increases, breaking with White House tradition of avoiding comments on monetary policy out of respect for the independence of the central bank. “I’m not thrilled,” President Trump said in expressing frustration with the Fed in an interview to be broadcast […]
The US Economy, ‘Nothing Succeeds Like Success’ White House economic adviser Larry Kudlow said Wednesday that “there’s no recession in sight” for the American economy and that President Donald Trump “is on the right track” with his economic agenda. “There’s no recession in sight,” Mr. Kudlow said. “The American economy is in very good shape,” […]
Wall Street On Track For Banner Year! $DIA, $SPY, $QQQ, $RUTX, $VXX Despite the persistence of geopolitical and economic risks, the backdrop is constructive There are more catalysts in the market and more participation. Wall Street trading desks’ revenue is on track for the best year since 2011, Q-2 earnings reports from big US banks […]
The Market is Content with Long-term Treasury Yields The 2-year US Treasury yield rose Tuesday to its highest level in almost 10 years, with the yield curve at its flattest in nearly 11 years, as Fed Chairman Jerome Powell’s upbeat remarks on the economy supported traders’ view of more rate hikes. Chairman Powell, in testimony […]
Fed Upbeat on US Economy, the NAS Marks Another Record High $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday the NASDAQ marked a fresh record, as the Fed Chief, Jay Powell, offered an upbeat appraisal of the US economy. The tech-rich NAS Comp gained 0.6% to 7,855.12, 30 pts above the record set on 13 July . […]
Atlanta Fed: “US Economy Growing at 4.5% Annualized Rate” $DIA, $SPY, $QQQ, $RUTX, $VXX Monday, the Atlanta Fed announced that the US economy is growing at a 4.5% annualized rate in Q-2 following the latest data on strong retail-sales data, the GDPNow forecast model showed. The latest estimate on GDP growth is faster than the […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX This week it is President Trump and President Putin’s Summit in Helsinki Finland, but there is a lot to move markets during this week. President Donald Trump meets Russian President Vladimir Putin in Helsinki Monday, and that is the main event this week. But earnings […]
US Inflation Rate at 2.9% in June, Highest in 6 Years US consumer prices rose in June from a year earlier at the fastest pace in more than s6 years, lifted by more expensive gas, car insurance, and higher rents. Last Thursday, the US Labor Department said that the CPI (consumer price index) ticked up […]
President Trump’s Stimulus to Boost US Economy for ‘at Least’ 3 Years $DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, Federal Reserve Chairman Jerome Powell said he believes the US economy remains in a “good place,” with recent government tax and spending programs likely to boost GDP (gross domestic product) for perhaps 3 years. “I think the […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Looking at the major US stock market action as President Trump bears down hard on trade issues, focuses on SCOTUS pick, teeing up NATO demands and the Putin Summit. The market will tell us now if the Key moves Thursday and Friday on moderate volume will hold […]
Atlanta Fed Lifts Q-2 GDP View to 4.1% The US economy is growing at a 4.1% annualized rate in Q-2 following the latest data on consumer spending, the Atlanta Federal Reserve’s GDPNow forecast model showed Monday. The latest estimate on gross domestic product growth was slower than the 3.7 percent pace estimated Friday, the Atlanta Fed said. […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Looking at the major US stock market action as President Trump continues coming down hard on trade issues, and NATO next. Over the past few weeks we have a lot of pundit chatter about a market top, and stocks sold into the test during that frame. Notably, new […]
Big Banks Pass Fed ‘Stress Test’, Financial Sector Finishes Higher $DIA, $SPY, $QQQ, $RUTX, $VXX Shares in the biggest US banks rose Friday after the Fed completed its annual stress test giving financial institutions the go-ahead for plans to return capital to investors through dividends and buybacks. The S&P 500 bank sector index was last […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Looking at the major US stock market action President Trump coming down hard in trade issues, the The Congress’ continuing dust up with the DOJ and FBI. S&P 500, DJIA posted oversold bounces as growth was favored for a 2nd session running Some new areas are attracting money […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Looking at the major US stock market action in light of the recent NKorean peace summit, no US-China trade war, and President Trump the The Congress’ harangue with the DOJ and FBI. US, China trade tariffs; market held up well. Economic data good not great, better coming […]
US Leads the Global Economies, EU Struggling $DIA, $SPY, $QQQ, $RUTX, $VXX NAS Comp Hits New Closing High on Strong US Economic Data The US economy is driving ahead of the rest of the world, now. May retail sales that topped forecasts Thursday, as the US racks up growth of at least 4% in the current […]
US Economy Growing at 4.8% Annual Rate The US economy is growing at a 4.8% annualized rate in Q-2, the Atlanta Federal Reserve’s GDPNow forecast model showed Thursday, following data that showed domestic retail sales grew at its strongest pace in 6 months in May. The latest estimate on gross domestic product growth was faster […]
FOMC Acknowledges Growing Inflation Ending Crisis-Era Guidance $DIA, $SPY, $QQQ, $RUTX, $VXX The Fed raised it overnight fed funds rates Wednesday shifting from policies used to battle the 2007-2009 financial crisis and recession. In raising its benchmark overnight lending rate a 1/4 bpt to a range of between 1.75 and 2%, the FOMC dropped its […]
Investors See a Rate Hike From the FOMC Wednesday $DIA, $SPY, $QQQ, $RUTX, $VXX Retail investors are not waiting to see inflation coming, they know it is here. And are moving money into securities that hedge against risks of rising price pressures as the U Labor Department is set to give its latest reading on […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Looking at the major US stock market action in light of NKorea peace talks, no US-China trade war, and the keep’em guessing shambles President Trump left the Canadian G7 Summit in. Thursday was a bit dicey in the US for the NAS Comp, but it recovered […]
The Trump Effect at Work: US Household Wealth Tops $100-T $DIA, $SPY, $QQQ, $RUTX US household wealth topped the $100-T mark for the 1st time in Q-1 of Y 2018, the Fed reported late Thursday. The Fed said the net worth of the nation’s households and nonprofits rose to $100.8-R in the 1st frame of the year, […]
US Labor Market Tightens, Jobless Claims Fall $DIA, $SPY, $QQQ, $RUTX, $VXX The number of Americans filing for unemployment benefits fell last week, pointing to a further tightening in labor market conditions. The robust US labor market and firming inflation have cemented expectations the Fed will raise interest rates next week at the FOMC meeting. […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Looking at the major US stock market indexes in light of looming Korea peace no US-China trade war and the current NFPs. Note: Former US President Barack Hussein Obama, though he likes to take credit, did not set the economy up for this super recovery, what […]
Living in the Trump Era of Optimism, Prosperity and Strong Economic Growth $DIA, $SPY, $QQQ Just in case you missed this at the weekend, and remember Optimism leads to Power! Friday’s blockbuster NFPs (jobs) data capped a long string of recent strong economic reports which has led to much brighter forecasts for American growth under […]
America’s Factories Have Shifted into Higher Gear US factories ramped up production in late April and early May despite the talk of a global trade war, but soft consumer spending kept the economy growing at a moderate rate, the Fed reported Wednesday. In its periodic “Beige Book” summary of contacts with businesses in its 12 regional […]
Fed Rewriting the Hussein Obama-era’s Draconian ‘Volcker Rule’ Wednesday, US regulators unveiled a proposal to ease rules reining in banks’ risky trading, outlining changes that will cut compliance costs but falls short of allowing firms to return to their gambling days seen before the 2007-2009 financial crisis. The Fed’s long-anticipated proposal to alter the so-called […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: The political turmoil in Italy seems to have spurred the demand for USDs. PE US Dollar (.DXY) Index 94.95 tapped 95 Tuesday, now USD should dip. If it breaks 95.63, then we will look for higher marks. Wednsday a dip to 94.6 could happen before another rise to 95. […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Looking at the major US stock market indexes in light of looming Korea peace and no US-China trade war. Overall, last week saw the major US stock market indices holding their ranges, trying but not breaking out, RUTX will try harder this week. There are solid […]
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 $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 $DXY, $EUR, $GBP, $JPY Commentary: The release of FOMC’s May dovish minutes seems to have had opposite effects on USD strength and US yields. While a stronger indication of a rate hike in June imparted strength to USD, its tolerance for inflation above 2% pushed yields down. PE The US Dollar (.DXY) Index at […]
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 […]
Americans Report Stronger Finances in President Trump’s 1st Year $DIA, $SPY, $QQQ, $VXX The percentage of Americans who report they are doing “at least Okay” financially rose in President Donald Trump’s 1st year in office, according to Fed data published Tuesday. The data was in line with other readings detailing America’s long recovery from the […]
Consider this…should we believe “this time is different?” $DIA, $GLD, $SLV, $USO Here’s a BEV chart for the Dow Jones going back to January 1982. The BEV plot fell to its -25% line (Dow Jones 777) in August 1982. This was a historic bottom; after it nothing would ever be the same again for the […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.57 made a new high of 94.06 Monday dipped, and is currently trading at 93.4-93.5. There are still good chances of .DXY testing at 95 in this week or next. EUR (Euro) at 1.1782 could either dip from here, or could extend North […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ Looking at the major US stock market indexes in light of no US-China trade war. The Major Market Futures as of this writing S&P 500 SPC1 Jun 18 $2,728.80 +15.80 +0.58% NAS 100 Future NQC1 Jun 18 $6,923.75 +49.75 +0.72% Last Friday, the major US stock market indices were […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) at 93.79 saw a high near 93.8 Friday and is continuing to trade there. A dip might be restricted support at 93.4-93.5. There is a good chance of a .DXY test at 95 in this week or next week. EUR (Euro) at 1.1753 […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) at 93.45 marked a low at 93.12 Thursday but did not test support at 93.25-93.00, that test could happen next week, then after .DXY should move to 94-95 where is will likely be capped. EUR (Euro) at 1.1804 marked a high at 1.1837 […]
US Unemployment Rolls Smallest in 45 Years $DIA, $SPY, $QQQ, $VXX Thursday, the US economic data showed an acceleration in mid-Atlantic factory activity this month, with manufacturers saying they were boosting employment and asking for higher prices for their products. The combination of a tightening labor market and firming inflation bolsters expectations the Fed will […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Pressure on the Buck is up. PE The US Dollar (.DXY) at 93.12 is dipping after testing at 93.6 Wednesday. It could dip further towards support on daily at 93 before resuming its uptrend. It should target 94-95 yet this month. EUR (Euro) at 1.1831 dipped to a low of 1.1763 […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Pressure on the Buck is up. PE The US Dollar (.DXY) at 93.30 moved up after the benchmark US 10yr T-Note Year yield rose past 3% Monday. This was in response to US Retail Sales data. Note: .DXY moved up from the 13-Day MA at 92.5 to a high near 93.46. […]
Pre-Civil War Fiat Money was Issued Regionally by Private Banks $BTCUSD In the pre-Civil War era, 90% of US money was regionally issued banknotes from private banks. These currencies traded at different rates at different times and places. There were discount books in each town to keep track of how much each currency should be […]
Fed’s Williams Sees ‘Neutral’ Interest Rate Lower, Longer $DIA, $SPY, $QQQ, $VXX Stocks dip following a the strong start to the month Treasury’s benchmark 10-yr yield above 3.00% Tuesday, Mr. Williams, who will take the helm of the New York Fed on 18 June, said that inflation is nearing the central bank’s 2% target after […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Pressure on the Buck up and down. PE US Dollar (.DXY) Index at 92.64 saw support at the 13-Day MA and moved back to 92.6. Note: The markets await the Retail Sales data Tuesday. If it turns out to be higher than expected, it could take yields higher and lend […]
Bitcoin Tested Support to a 3 Wk Low and Bounced $BTCUSD,$ETHUSD, $CME Bitcoin tested and bounced Monday on the news that a Florida tax collector would accept the cryptocurrency for payments of several services. Currently, Bitcoin is trading at: 8,695.652344,+292.291016, or +3.478256%, as of 3:56a BST, the market is open. Joel Greenberg, tax collector for Seminole County […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Looking at the major US stock market indexes technically The major US stock market indexes made good on Key reversals last week, moving through the near near term resistance. The pause to refresh Friday was on the cards, and a couple of days rest works to […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Pressure on the Buck. PE US Dollar (.DXY) Index at 92.43 testing to the 13-Day MA at 92.45, it may see some support. If it dips below 92.4-92.3, it could test the 21-Day MA at 91.6 and then move up or down from there. EUR (Euro) at 1.1962 is trading […]
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 […]
Bitcoin: All Professional Investors and Traders Knew That… $BTCUSD, $CBOE, $CME …the launch of Bitcoin futures would cause the price to fall. A Fed paper has attested to that as; Bitcoin’s drop following its peak near $20,000 was directly tied to the launch of a futures market, according to new research from the San Francisco […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Looking at the major US stock market indexes technically Last week we saw break North off of support in the patterns or at the trend-lines. Volume just OK, good breadth on the move. Let’s see if they can hold the moves. DJIA marked a doji Thursday […]
US Economy: Not to Hot, Not to Cold, Just Right The US with steady growth, low unemployment and tame inflation, the nation is experiencing a “Goldilocks” economy: Not too hot. Not too cold. But just right. That from a Top Fed official Friday, who suggested that the unemployment rate could fall further to 3.5% with […]
The Trump Expansion Continues to Deliver Jobs The US economy has delivered steady, modest gains for most Americans since the Great Recession ended in Y 2009. President Trump’s policies have extended what is now the 2nd-longest economic expansionon record and why more of the country might soon benefit from higher pay. The government said Friday […]
Some FOMC Voting Members Have Open Minds on Rate Hikes $SPY Two Fed officials who are currently voting members of the FOMC rate-setting body said Friday they were keeping an open mind on the total number of interest rate rises needed this year. San Francisco Fed President John Williams and Atlanta Fed President Raphael Bostic […]
FOMC Stands Pat on Interest Rates, Focus Now on June Meeting $DIA, $SPY, $QQQ, $VXX The Fed policy makers held interest rates steady Wednesday and expressed confidence that a recent rise in inflation to near the central bank’s 2% target would be sustained, leaving it on track to raise borrowing costs in June. The Fed’s […]
US Consumer Prices Rise, Inflation Ahead $DIA, $SPY, $QQQ, $VXX US consumer prices (PCE) rose March YTD, with a measure of underlying inflation moving to the Fed’s 2% target. Monday, the rise in the annual inflation gauges reported by the Commerce Department was seen by economists and Fed officials, it is not expected to alter the gradual […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX This market cannot make much of strong earnings report. The NAS Comp gaped up over 115 points, gave it back. Fairly goo Bullish stock index patterns remain but upside is used to sell aka distribution. Good patterns in lots of stocks and sectors are failing to provide […]
The US 10yr Yield is the Global Benchmark, Do Not Fear It $DIA, $SPY, $QQQ, $VXX Growth-sensitive groups like industrials, materials, and technology lead the broad retreat Tuesday At the close: the DJIA -424 pts, or 1.7%, at 24,024, the S&P 500 -36 pts, or 1.3%, at 2,6234, and the NAS Comp -121 pts, or […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Earnings season is in full swing now, and ramps up with FAANG’s GOOG (23 April atm), AMZN (26 April atm). Many others are scheduled to report too, The Bulls are looking for these leadership stocks to trigger a new leg North. There are lots of […]
Billionaire Founder/CEO of Twitter and Square, “Bitcoin will replace the Dollar” $BTCUSD, $TWTR, $SQ Twitter (NYSE:TWTR) CEO Jack Dorsey predicted that Bitcoin (BTCUSD) will eclipse all the world’s currencies in about 10 years . But the newly nominated new head of the New York Federal Reserve disagrees. In a speech Friday, the current San Francisco Fed President […]
Fed Policymakers Say “Not to worry” No Recession Ahead As the gap between Short and Long-term borrowing costs hovers near its lowest in 10+years, speculation has risen over whether the yield curve is signaling that a recession is around the corner. Not to worry, 2 Federal Reserve policymakers said Friday Growth prospects look strong, which […]
US Economic Growth ‘Robust’ and On Track Strong business borrowing, rising consumer spending, plus tight labor markets indicate the US economy remains on track for continued growth, the Fed reported Wednesday, the risks of a global trade war the only outlier. In its periodic “Beige Book” summary of contacts with businesses in its 12 regional districts, the […]
The ‘Volcker’ Rule Hobbles US Capital Markets Stop asking if the Hussein Obama era Volcker Rule works, it does not. Tuesday, a Key FOMC member in charge of bank supervision said that the Volcker Rule, which limits some speculative bank investments, is working poorly. The testimony before a congressional oversight committee comes amid lobbying efforts […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Earnings season begins in earnest last Friday and is in full swing now. And, President Trump did not telegraph his move on the surgical attack on Syria, so the market was not effected. Later, after the strike was finished, the Pentagon said it hit all […]
Investors Rotating Leadership form QE ‘Winners’ to QE ‘Losers’ $DIA, $SPY, $QQQ, $VXX Analysts are expecting investors will shift their holdings as the realization sinks in that the Fed is committed to raising interest rates until a major event compels the central bank to reverse course. That means investments that had strong gains during a […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Earnings season begins in earnest this week. The bar is set high, and participants are hoping they do not disappoint, and since stocks have come off about 8% in value ahead of earnings there is a clear path o higher prices if earnings are solid […]
The Fed ‘May’ Need to Gradually Raise Interest Rates The Fed may need to keep raising interest rates to keep inflation under control, Fed Chairman Jerome Powell said in a speech on the economic outlook that did not address the economic risks of rising trade tensions. Friday, in his 1st speech on the economic outlook since assuming […]