$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Mixed Asian Stocks Declining In Asia Gold: Gold prices are up Monday in Asia on a softer USD, gold for February delivery on the COMEX division of the New York Merc traded 0.2% higher at $1,254.75 oz by 1:24a EST (05:24 GMT). Gold prices were near at their highest level since July on Friday and notched up […]
China Feels the Pain as Exports, Imports Shrink, Markets Collapse $SOY, $USD, $UNG China has reported weaker than expected November exports and imports, showing slower global and domestic demand and raising the likelihood that more measures to keep the country’s growth rate from slipping too much will be put in place. November exports only rose […]
Professional Money Managers Prepare for 2019 Rally $DIA, $SPY, $QQQ, $RUTX, $VXX, $USD Bond and stock markets from the US to emerging markets all on pace to lose money this year, investors have not seen this much Red on their screens since Y 1972, the last time no asset class returned at least 5%. Yet […]
Gold Up, USD Down, Stocks Recovering + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Fell Asian Stocks Recovering Notes: Markets await US NFPs data, expected at 0830 EST (1330 GMT), for clues about the health of the world’s biggest economy which could influence FOMC monetary policy. NFPs for November are expected to fall by 200,000 jobs. US unemployment and […]
Gold Up, USD Down, Stocks Down + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Fell Asian Stocks Down In Asia Gold: Gold is higher Thursday as growing risk aversion weighed on USD Spot gold up 0.2% at $1,239.86 oz as of 0429 GMT US gold futures up 0.2% at $1,244.9 oz. Note: Technicals; Spot gold may test resistance at $1,245 oz Markets are […]
Gold Dipped, USD Up, Stocks Down + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Dipped USD Up Crude Oil Fell Asian Stocks Down In Asia Gold: Gold prices dipped Wednesday, retreating from a more than 5-week high marked in Tuesday’s session. Spot gold was off 0.3% at $1,234.71 oz, as of 0422 GMT US gold futures were down 0.5% at $1,240.2 oz. Gold is mainly […]
Gold Up, USD Falls, Stocks Down + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Falls Crude Oil Up Asian Stocks Down Gold: Gold prices gained Tuesday, after hitting a more than 1-month high earlier in the session, as USD slipped after the US and China agreed to a temporary truce in their trade conflict spurring global stock markets North US gold futures (GCcv1) […]
Gold Up, USD Falls, Stocks Rise + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Falls Crude Oil Up Asian Stocks Up Notes: China and the United States agreed during a weekend meeting in Argentina of the G-20 not to impose additional trade tariffs for at least 90 days while the pair hold talks to resolve existing dispute between the […]
Gold Gains, USD Sags, Stocks Rise + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Gains US Dollar Sags Crude Oil Up Asian Stocks Up In Asia Investors in commodity markets are looking ahead to the meeting of leaders of the G-20 nations, the world’s biggest economies, on 30 November – 1 December with the US-China, US-EU trade disputes at the Top of […]
Gold Lower, USD Steady, Stocks Subdued + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Lower US Dollar Steady Crude Oil Up Asian Stocks Subdued In Asia Gold: Gold prices were flat Wednesday pressured by a robust USD after 1 senior Fed official reaffirmed the need for a further increase in interest rates while another made a case for no more interest rate hikes […]
Gold Lower, USD Steady, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Lower US Dollar Steady Crude Oil Flat Asian Stocks Up In Asia Gold: Gold prices are Tuesday as USD steadied on fears of a slowdown in global economic growth and come caution about the resolution US-China trade dispute ahead of the G-20 meeting in Argentina. Spot gold was down 0.1% […]
Gold Flat, USD Higher, Stocks Down + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Flat US Dollar Higher Crude Oil Flat Asian Stocks Down In Asia Gold: Gold prices are flat to little changed Monday with investors looking to a G-20 Summit this week for signs of a coming resolution in the US – China trade dispute. Spot gold was little changed at […]
Equities Finished Lower on Weaker Energy and FAANGs $DIA, $SPY, $QQQ, $RUTX, $USO, $VXX The S&P 500 fell 3.8% on this Holiday-shortened trading week, erasing its gain for the year. The DJIA lost 4.4%, the NAS Comp lost 4.3%, and the Russell 2000 lost 2.6%. The S&P 500 lost 0.7% Friday on low-volume. Friday’s session […]
Gold Up, USD Off, Stocks Mixed + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up US Dollar Off Crude Oil Off Asian Stocks Mixed In Asia Gold: Gold prices held recent gains in early Asian trade Friday on lingering doubts over the pace of rate hikes by the US Federal Reserve, putting the precious Yellow metal on track for a 2nd straight weekly […]
Falling Crude Oil Prices Great for US Consumers and Emerging Markets $USO, $OIL, $UGA, $USD US Holiday shoppers should enjoy more spending power thanks to the recent dive in Crude Oil prices. While this fall in Crude Oil prices does not yet match the Ys 2014-2016 fall to $26 bbl, the current decline should soon […]
Gold Off a Bit, USD Gains, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Off a Bit US Dollar Gains Crude Oil Up Asian Stocks Down In Asia Gold: Gold prices dropped a bit Wednesday, as USD got a boost from safe-haven demand on heightened risk aversion. Spot gold dipped 0.1% to $1,219.96 oz at 0122 GMT US gold futures were down 0.1% at […]
Gold Steady, USD Down, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Softens Crude Oil Down Asian Stocks Mixed In Asia Gold: Gold prices held steady early Tuesday as USD was pressured by weak US economic data and cautious comments about the global economy from Fed officials. Spot gold –0.1% to $1,222.71 oz at 0117 GMT. US gold futures were […]
Gold Higher, USD Down, Stocks Mixed+ Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Subdued Crude Oil Up Asian Stocks Mixed In Asia Gold: Gold prices were steady Monday, with the USD subdued after comments from Fed officials showing caution over the global economy, prompting traders to reassess the pace of future US interest rate hikes. Spot gold flat to […]
US Industrial Production Moving Higher $USO, $UGA, $USD US industry expanded in October, with manufacturing growth offsetting declines in mining and utility production. Industrial production ticked up 0.1%, the 5th straight monthly gainer, following a 0.2% advance in September and a 0.8% advance in August, the Fed reported Friday. The Fed said that recent hurricanes lowered […]
Gold Higher, USD Down, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Higher US Dollar Down Crude Oil Rise a Bit Friday Asian Stocks Up sans Japan In Asia Gold: Gold prices rose Friday, having hit a 1-week high earlier in the session, as investors sought safe-haven assets on fears of a chaotic departure for Britain from the EU aka BREXIT. […]
Gold Steady, USD Down, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Down Crude Oil deep in Bear Market Territory Asian Stocks Up sans Japan In Asia Gold: Gold prices held steady Thursday, after rising nearly 1% in the prion session, as USD slipped further from a 16-month peak hit earlier in the week. Spot gold was little […]
Diving Crude Oil Prices Will Dampen Inflation $USO, $OIL, $UGA Crude Oil prices dove 7% Tuesday, and we can expect a reaction from OPEC when they meet on 6 December Shayne and I see more Southside risk for Crude Oil prices, at least until the OPEC meeting where fundamentals supply/demand issues will be on Top of […]
Gold Up, USD Down, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up US Dollar Down Crude Oil deeper in Bear Market Territory Asian Stocks Down In Asia Gold: Gold prices are us Wednesday as the USD retreated from a 16-month high touched earlier in the week, easing amid a surge in EUR and GBP on a draft BREXIT agreement. Spot […]
Looking for a Major Bottom in Gold $GLD, $USD Shayne and I do not believe that the weakness in Gold and gold mining stocks is over, the outlook is that another Southside leg getting underway. Should that happen, we are positioned to profit from it. Long-term investors, traders, and speculators should be aware of the […]
Gold Up, USD Up, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Firming US Dollar Up Crude Oil in Bear Market Territory Asian Stocks Lower In Asia Gold prices edged higher Tuesday as investors resorted to bargain-hunting after the precious Yellow metal fell to over 1-month lows, weighed by a stronger USD that has capped the market. Spot gold was […]
Gold Down, USD Up, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Down US Dollar Up Crude Oil in Bear Market Territory Asian Stocks Lower In Asia Gold prices steadied Monday after touching a 1-month low in Friday’s session, but the precious Yellow metal remains under pressure from a firmer USD and expectations the Fed is on track to tighten […]
Gold Down, USD Up, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Down US Dollar Up Crude Oil in Bear Market Territory Asian Stocks Higher Focus on FOMC Minutes later Thursday In Asia Gold: Gold prices fell to their lowest mark in a week Friday, and were set for their biggest weekly decliner since August, on a firmer USD as the […]
Gold Down, USD Up, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Down US Dollar Up Crude Oil Higher Asian Stocks Higher Focus on FOMC Minutes later Thursday In Asia Gold prices inched lower Thursday on the back of a stronger USD, as investors digested the US Congressional midterm election results and turned their focus to the Fed’s monetary policy […]
Gold Up, USD Down, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up US Dollar Down Crude Oil Lower Asian Stocks Higher US Midterm Congressional Elections come is as Expected. In Asia Gold: Gold prices rose Wednesday on a weaker USD, as the outcome of US Congressional midterm election came in as expected, Republican hold Senate, and Dems take control […]
Gold Steady, USD Down, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Down Crude Oil Lower Asian Stocks Higher Traders eye US Midterm Congressional Elections In Asia Gold prices were steady early Tuesday ahead of US Congressional midterm elections that may fuel interest in the precious Yellow metal as a hedge against risk if the result sparks […]
Ferrari (NYSE:RACE) New Car Sales + 11% in Q-3, Profit Doubles $RACE Ferrari’s (NYSE:RACE) sales mix favored the entry level Portofino convertible in Q-3 rather than its high-margin Limited-Edition models on availability, weighing a bit on the Italian company’s earnings. Investors are looking for reassurance that CEO Louis Camilleri can maintain Ferrari’s strong growth achieved […]
Gold Steady, USD Down, Stocks Down + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Down Crude Oil Dipped Asian Stocks Lower Traders eye US Midterm Congressional Elections Traders eye US Earnings Data In Asia Gold prices held steady Monday as investors were cautious ahead of the US Congressional electionsTuesday which will determine whether the Republican or Democratic Party controls […]
President Trump and The Fed Want to See Inflation $USD, $SPY, $GLD, $SLV The value of USD is determined by a number of variables. For example, this year’s trade wars with China have resulted in a stronger Buck and a weakened RMB Yuan. There are a few internal mechanisms that can be used to raise or […]
Gold Buying by Central Banks Hits Highest Mark in 3 Years $GLD Global demand for gold rose in Q-3 compared to the same period a year ago as resurgent buying from central banks and retail consumers balanced huge outflows from exchange traded funds, the World Gold Council said on Thursday. Demand totaled 964.3 tonnes, up […]
Gold Steady, USD Up, Stocks Higher + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Up Crude Oils Down Asian Stocks Higher Traders eye US NFPs Data Traders eye US Earnings Data In Asia Gold prices were steady in early Asian trade Friday, after rising about 1.5% in the prior session, while the USD inched up ahead of the US NFP […]
Gold Higher, USD Lower, Stocks Higher + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Higher US Dollar Eases Crude Oils Down Asian Stocks Higher Traders eye US Economic Data Traders eye US Earnings Data In Asia Gold prices inched higher in early Asian trade Thursday, recovering from a 3-week low marked in the Wednesday’s session as the USD eased. Spot gold was up 0.2% […]
Gold Lower, USD Higher, Stocks Higher + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Coming Off of 3 Month Highs US Dollar (.DXY) Index Higher Crude Oils Prices Up Asian Stocks Higher Traders eye US Economic Data Traders eye US Earnings Data In Asia Gold prices fell to a more than 2-week low Wednesday as Asian stocks gained and the USD touched multi-month highs on […]
Gold Lower, USD Higher, Stocks Lower + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Coming Off of 3 Month Highs US Dollar (.DXY) Index Firms Crude Oils Mixed Asian Stocks Pressured Traders eye US Economic Data Traders eye US Earnings Data In Asia Gold prices edged down Tuesday as the USD gained on worries over slowing economic growth and fears the US- China trade […]
Gold Lower, USD Higher, Stocks Higher + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Coming Off of 3 Month Highs US Dollar (.DXY) Index Firms Crude Oil Softens Asian Stocks Edging Up Traders eye US Economic Data Traders eye US Earnings Data In Asia Gold prices inched down early on Monday to drift away from a more than 3-month highs marked last Friday’s session, […]
Gold Higher, USD Higher, Stocks Lower + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Strengthens US Dollar (.DXY) Index Strengthens Crude Oil Softens US and Global Stocks Strengthen Traders eye US Q-3 GDP data Friday In Asia Gold Gold prices held steady Friday but remained on track to rise for the 4th week running, the longest string of weekly gainers since January on […]
Gold Higher, USD Lower, Stocks Lower + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold strengthens on risk-off trade US Dollar (.DXY) Index Eases Crude Oil futures down US and Global market’s stocks lower In Asia Gold: Gold prices firmed early, hanging near a more than 3-month high reached earlier this week, as the USD eased and Asian stocks slumped after Wall Street surrendered all its […]
Gold Higher, USD Lower, Stocks Mixed to Lower + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold strengthens on risk-off trade US Dollar (.DXY) Index Falls Crude Oil futures down on Saudi pledge US stocks lower In Asia Gold prices Wednesday in global markets is up after hitting their highest in over 3 months in Tuesday’s US session, with international political and economic uncertainty underpinning safe-haven […]
Gold Higher, USD Higher, Stocks Mixed to Lower + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold strengthens on risk-off trade US Dollar (.DXY) Index up Crude Oil futures down on Saudi pledge US stocks mixed, Asia stocks off In Asia Gold prices are up early Tuesday as Asian stocks faltered, weighed down by political uncertainties around BREXIT and […]
Gold Higher, USD Higher, Stocks Flat + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold strengthens on risk-off trade US Dollar (.DXY) Index up Crude Oil futures up on supply/demand issues Stocks Flat to Unchanged In Asia Gold prices settled higher Monday morning in Asia, along with an advance in the USD. The increase in gold prices, a safe-haven […]
Why China is Right to be Wary of Bitcoin (BTC) $BTCUSD China has cracked down on Bitcoin shuttering cryptocurrency exchanges, the Bottom Line The wave of sell orders that hit the US ‘coin’ market on 10 October 10 should not have surprised anyone who watches it carefully, we saw it coming months ago. Bitcoin (BTC) […]
Gold Higher, USD Higher, Stocks Lower + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold strengthens on risk-off trade China’s growth slows US Dollar (.DXY) Index up on the week Crude Oil futures fall again on supply/demand issues In Asia Gold prices are higher Friday as Asian shares fell on renewed political and economic concerns including China’s weak […]
Gold Ranged, USD Firms + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold steady in narrow range Fed mins signal more rate hikes ahead US Dollar (.DXY) Index rises to 1-wk high Crude Oil futures fall for 1st session in 4 In Asia Gold prices held steady in a narrow range Thursday as Asian shares eased, […]
Gold Edged Down, USD Edged Up + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold stays near 2.5 month high as risk aversion lends support In Asia Gold prices edged lower early Wednesday as stocks gained and USD firmed on fading risk-averse sentiment, with the market awaiting mins from the Fed’s FOMC latest policy meeting […]
Gold Holding at 12 Wk Highs+ Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold stays near 2.5 month high as risk aversion lends support In Asia Gold prices held steady Tuesday near last session’s 2.5 -month high as risk-averse investors sought refuge in the precious Yellow metal amid rising political tensions and economic uncertainty. […]
Hong Kong’s OKEx Lists 4 New ‘Stablecoins’ $BTCUSD Hong Kong-based cryptocurrency exchange OKEx has announced that it is adding four USD-pegged cryptocurrencies to its platform for trading. Rolling out the new additions over Monday and Tuesday, the exchange said in a support notice that it will list TrustToken’s TrueUSD (TUSD), Circle’s USDCoin (USDC), the Gemini Dollar (GUSD) […]
Gold Up, Asian Shares Dip + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold prices rose early Monday as Asian stocks eased due to concerns about a potential decline in China’s economic growth amid an ongoing trade dispute and signs of tighter monetary policy by the Fed. Spot gold was up 0.3% […]
Gold Up, USD, US Interest Rates Down+ Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT US President Trump says Fed “crazy” for raising interest rates Spot gold may extend gains to $1,237 oz Crude Oil falling on overblown supply issues In Asia Gold Gold prices edged lower Friday, but held near a more than 10-wk highs hit […]
Gold Down, US Interest Rates Up + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Asian shares fall sharply after Wall St tumbles Holdings in SPDR Gold Trust (GLD) rise for 1st time since July US President Trump says Fed “crazy” for raising interest rates In Asia Gold Gold prices inched down Thursday as strong […]
Gold Steady, USD Pauses + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold Gold prices held steady Wednesday as expectations of more US interest rate increases pressured demand, although the precious Yellow metal drew some support from USD coming off 7-week highs. Spot gold was little changed at $1,189.05 oz at 0513 […]
Gold Dips Below 1200, Investors Buy USDs + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold on track for its biggest daily pct loss since mid-Aug China eases policy on concerns trade dispute with US could hurt growth Speculators cut net short position in COMEX gold in 1st week of October […]
S&P 500 Earnings Preview: Q-3 Y 2018 $SPY, $JPM, $C, $WFC, $USD Earnings reporting period is here once again, and it always commands a great deal of attention because earnings drive stock prices over the long term. The S&P 500 has been underpinned by impressive earnings growth. The Q-3 reporting frame, which begins in earnest […]
Gold Dips, USD Firms, China China Eases + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold prices inched lower Monday as USD firmed after China’s central bank eased its domestic policy to support the economy. Spot gold was down 0.2% at $1,200.31 oz at 0103 GMT, the precious Yellow metal […]
Gold Flat, US NFPs the Focus + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold prices were steady Friday as investors remained cautious after US Treasury yields hit multi-year peaks on expectations that stronger monthly employment data could boost the Fed’s case for a tighter monetary policy. Investors are expected […]
This is All You Need to Know About Bitcoin and Blockchain $BTCUSD, $BLCN Bitcoin and the alternative cryptocurrencies, aka altcoins, are cryptic to say the least. Some people consider bitcoin a currency, others an investment and still others a store of value. Even government agencies cannot agree on what bitcoin really is. The IRS treats it […]
Gold Down, USD Up + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT The USD reached an 11-month high against the Japanese Yen and stood strong Vs other peers, boosted by upbeat US economic data and hawkish comments from Fed Chairman Jerome Powell In Asia Gold Gold prices inched down Thursday, after upbeat US economic […]
Gold Up, USD Up + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold Gold prices rebounded Tuesday as risk appetite faded after getting a boost from an agreement between the United States, Canada and Mexico’s (USMCA) free trade deal. Asian stocks fell, with MSCI’s broadest index of Asia-Pacific shares […]
Gold Up a Bit, but USMCA Deal Weighs + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold is higher early Tuesday, having dipped Monday, as demand for riskier assets picked up after the United States and Canada reached an agreement to salvage a North American free trade deal aka USCMA. US […]
Gold Slips, USD Firms on Fed Rate Hike + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold Gold prices dipped Monday as the USD firmed in the wake of indications from the Fed last week that it will pursue a tighter monetary policy. The Fed raised US interest rates last week and said it […]
Swiss Bankers Raise $104-M to Establish Crypto Financial Services Company $BTC, $ETH Seba Crypto AG, a Swiss financial services company run by ex-UBS Group AG bankers, said it raised money as it seeks to become 1 of the world’s 1st regulated banks to let consumers trade paper (fiat) money into cryptocurrency. The Zug HQ’d company […]
US Tariffs Driving RMB Yuan South to 10 yr Lows Vs USD $USDCNY (onshore): -0.29% to 6.868 $USDCNH (offshore): -0.09% to 6.879 Golden Week begins on 1 October With little prospect of a restart for US-China trade talks, we expect an escalation in tensions that will see higher American tariffs on all Chinese imports, sending […]
Gold Down and USD Up on Fed Rate Hike + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold Gold is down more than 13% from an April high, largely because of the stronger USD Concerns about Iran sanctions led to a widening difference between NYMEX WTI Crude and ICE Brent Crude prices Global mining […]
Gold Up and USD Up on FOMC Rate Hike + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Thursday, Gold prices rose, as investors looked for bargains after the metal fell a 2-week lows in the prior session following a US interest rate hike and as limited gains in USD after the decision supported demand […]
Mt Gox Trustee Sold $230-M in Bitcoin, Bitcoin Cash Since March $BTC, $BTH, $USD, $JPY The trustee for the now-defunct Japanese cryptocurrency exchange Mt. Gox has revealed new details about the pace of cryptocurrency sales as part of the firm’s bankruptcy and rehabilitation process. Attorney Nobuaki Kobayashi explained in a 25 September notice on the […]
Gold Steady on Flat USD, and FOMC Rate Policy Announcement + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold prices drifting in a narrow range Wednesday as investors awaited cues of the FOMC’s 2-day meeting, where policymakers are expected to raise interest rates for the 3rd time this year. Spot gold was up […]
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. […]
Bitcoin (BTC) Vs US Dollar (USD) $BTCUSD Trading in Bitcoin (BTC) and other digital coins continues to be very volatile, as the cryptocurrency market ramps up once again, running past the 6,000 mark: Bitcoin is the #1 cryptocurrency. Bitcoin remains highly correlated with the other digital coins, known aptly as the altcoins. When bitcoin rises, these […]
Savvy Investors Are Starting To Buy Gold $GLD, $SLV, $USD. $ABX, $GOLD, $FNV Savvy investors will start stocking up now on gold since roaring inflation is poised to soon ravage global economies, Barron’s reports. “Inflation is starting to pick up in the US and in much of the world as central banks shrink their enormous […]
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 […]
President Trump Can Keep ‘America First’ in Energy $USO, $UGA, $USD, $HON The EPA’s proposed new auto emissions rule, the Safer Affordable Fuel-Efficient (SAFE) Vehicles Rule, is now half-way through its comment period, which ends in October. Deep in the 500-pg notice of proposed rule-making is an issue few are talking about, but it’s one […]
The Newly Minted Shareholder’s Gold Council Vs the Destruction of the Gold Sector $GLD, $SLV, $USD After about a year of behind-the-scenes work, billionaire hedge-fund manager John Paulson announced that he has formed a coalition with 15 other investors aimed at curbing years of what his fund has called value destruction in the gold sector. […]
The Trump Market, DJIA Marks Another Record High $DIA, $SPY, $QQQ, $RUTX, $VXX Friday, the Industrials led DJIA to a new closing high Friday ahead of Monday’s major sector reshuffle, capping a week in which investors shrugged off trade dispute concerns. Declines in the FAANGs dragged on equity benchmarks, helping erase the session’s gains on […]
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. […]
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 […]
Islamic State’s Use of Bitcoin (BTC) May Be Over Very Soon $BTCUSD Like cash, the anonymity of Bitcoin and cryptocurrencies have attracted criminals and terrorists to the digital coins over recent past. That could soon all be over after the President of the Financial Action Task Force (FATF), Marshall Billingslea, said the group will likely agree […]
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 […]
Emerging Market Rout Approaching Bottom $USD, $AUD, $NZD Franklin Templeton Investments says the rout in emerging markets may be nearing a bottom, but says that there are still countries like the Philippines that will suffer. Given the uncertainty, the money manager is keeping a net neutral USD position, while making trades including shorting the Philippine […]
Bitcoin (BTC) Briefing, Cryptocurrencies Making Gains Across Industries $BTCUSD, $ETHUSD, $USD, $MS In the market The talk in the cryptocurrency industry last surrounded Ethereum (ETH) as participants stand by and await the next stage of the digital coin’s development. The protocol also served as the starting point for a new fully regulated USD based stable-coin. […]
America First, Financial Markets Briefing $SPY, $USD, $OIL, $USO, $USD, $CU Hong Kong, China equities slide Monday on trade concerns WS-J reporting Monday that China could skip trade talks with US Stocks in Asia opened the week under pressure after the latest US move to place a 3rd tranche of tariffs on Chinese goods, as […]
Looking at the Week: Gold Gains on the Weaker Buck $GLD, $SLV, $USD, $CNH Precious metals finished up Friday despite its dips during the week. Precious metals were up on Friday despite many taking dips earlier in the week. Plus we run through key stories in the space for the week. Both gold and silver prices finished up Friday, 14 […]
Gold Dips on News of Resumed US-China Trade Talks $GLD, $SLV, $USD Gold pared gains as China became a focus point again The possible progress in the trade dispute pressured the USD. Gold prices dipped Thursday as investors purchased riskier assets instead of seeking a safe-haven in gold, on news a new round of US-China […]
Forex: Optimism Ahead of US-China Trade Talks Cap USD, Support RMB Yuan $USD/CNY In New York Wednesday US Dollar (.DXY) Index finished down 0.5% at 94.75, approaching its August low (94.43). The Buck saw some slight strength in overnight trade, but a slide to lows took place after the release of a cooler than expected […]
Until There are Clear and Present Regulated Guidelines Cryptocurrency will Not be a Robust, Legitimate Asset Class $BTCUSD,$CME, $Cboe There is and has been talk on The Street about financial institutions adding crypto services to their offerings, raising new funds for digital currencies, and even launching dedicated trading desks. But until institutional investors have a regulated, […]
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 […]
Forex: USD Fell on Canada’s Alignment with President Trump on Trade $USD/CAD The US fell Wednesday in Asia as sources said Canada was ready to make a concession to the United States to resolve their talks over reworking the North American Free Trade Agreement (NAFTA). US Dollar (.DXY) Index finished littl changed at 95.19, looking to […]
Asia’s Super Rich Advised to Add More Gold to Portfolios $GLD, $USD Gold has been hammered lately, and some advisers are telling their wealthy clients to take advantage of lower prices and add to their stockpile to protect assets against pounding equity markets. Advisers to Asia’s super rich think their clients should put more of their […]
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) […]
Bitcoin Tracker One, Ether Tracker One Trading Suspended $CXBTF, $CETHF Bitcoin is still viewed with a jaundiced eye by Wall Street business titans. The Securities and Exchange Commission announced Sunday suspensions in trading of the securities Bitcoin Tracker One CXBTF, -2.38% and Ether Tracker One CETHF. In a statement, the SEC said trading was suspended as of 5:30p. EDT […]
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, […]
The Turkish Lira is in Recovery Mode Turkey’s Lira finally recovered as the country’s central bank moved to ease pressure on the currency, triggering a 7% surge to 6.4 per USD TRYTOM=D3. The Lira lost almost 10% Monday alone and has lost more than 40% of its value so far in Y 2018 as the country […]
Turkish Lira: USD/TRY (TRY=X) hits all-time low The Turkish lira has collapsed to an all-time low against the dollar, but the country’s leader has brushed aside concerns, telling Turks “we have our God.” The Turkish President Recep Erdogan then followed those comments up Friday by urging Turks to sell dollars and gold and buy lira. […]
The recent fall of the yuan has been a boon to Chinese exporters facing a trade war with the United States, but it poses financial risks that could prompt Beijing to prop up its currency. While markets are spooked by the standoff between the world’s two biggest economies, a weaker currency makes exporters’ goods cheaper, […]
US Stocks Headed to Record Territory $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, US stocks advanced for a 4th session running, with the S&P 500 climbing 0.3% to 2858. The benchmark index is now within 0.5% of its 26 January record high. The tech-heavy NAS Comp climbed 0.3%, and the DJIA rose 0.5%. The S&P 500 […]
China Back at the US Trade Negotiations Table $DIA, $SPY, $QQQ, $RUTX, $VXX The US and China are working restart talks to avert trade war between the world’s 2 largest economies. Representatives of US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are having private conversations as they look for ways to reengage […]
The Purpose of Cryptocurrency $BTCUSD For many Bitcoin (BTC) is and has always been a mystery. There is no such thing as a Bitcoin “coin”. It is shown as a coin because that’s a useful analogy. It is an Encryption Key, 1 of roughly 21-M answers to an intricate computer puzzle, that can only exist on […]
The persistently soaring US debt is now well over $21 trillion. While most media focus on foreign holders of US Treasuries, they make up less than 30 percent of the total. RT breaks down who holds the rest. Russia recently dropped out of the top-10 holders of US Treasuries, with its holdings falling from $96.1 […]