#recovery #trust #risk $DIA $SPY #QQQ $RUTX $VXX “Keep the Faith, Trust this Recovery”– Paul Ebeling This V-shaped economic recovery, coming Covid vaccines and continued Trump Fed policy support offer continuing favorable environment for stocks and credit into next year and further. In our outlook for Y 2021 investors overweight stocks and corporate bonds against […]
#PaulEbeling #WallStreet #COVID #vaccine #Moderna $MRNA $DIA $QQQ $SPY $RUTX $VXX The Dow Jones Industrial Average is soaring after Moderna (NASDAQ:MRNA) announced that its COVID vaccine has a 94%+ efficacy rate, and President Trump refuses to concede, there is no President-elect. Sunday, President Trump announced that it will do whatever it takes to make America […]
$AUD #Australian #Dollar #USD #FX #Currencies #Trading #Traders Australian DollarTicker: AUD=Price: 0.7274 AUD/USD Outlook AUD/USD was trading 0.39% higher on the day at 0.7308 at around 05:50 GMT, outlook remains bullish. Market’s risk tone remains mostly sluggish, however, hopes of stimulus from the U.S. together with the recent developments in the coronavirus (COVID-19) vaccine add to […]
#PaulEbeling #WallStreet #COVID #vaccine #Pfizer $PFE $DIA $QQQ $SPY $RUTX $VXX The Dow Jones Industrial Average is soaring after Pfizer (NYSE:PFE) announced that its COVID-19 vaccine has a 90% efficacy rate, and President Trump refuses to concede, there is no President-elect. Thursday, the Trump Fed announced that it will do whatever it takes to bolster […]
#USDollar #election $DXY $USD $AUD $NZD $EUR $GBP $JPY The US Dollar hanging just below a 1-month high Tuesday, as investors opted for caution in the hours ahead of polls opening on election day in the United States, while the Aussie slipped after a central bank rate cut. Against a basket of peer currencies, the […]
#gold #silver #coins #bullion #dollar #asset #safehaven #metals #investors #risk $XAU $XAG $GLD $SLV $USD $SPY “I believe investors can still find real safe-haven risk asset protection in the time-tested precious metals asset sector“– Paul Ebeling The US stock market is seeing the longest Bull run in history, and savvy money managers and investors are […]
#USDollar $DXY $USD $AUD $CAD $CNY $GBP $EUR $JPY $KRW USD gave back some recent gains against most of its major rivals on Tuesday, as strong regional economic data helped to offset worries about new COVID-19 cases in Europe and the United States. This is still the 1st wave there is no 2nd wave. Profits […]
#PaulEbeling #WallStreet #economy #growth #Bulls #Bears #money #virus $DIA $SPY $QQQ $RUTX $VXX Last week’s action Stocks were consolidating the big move off of the 24 September lows on low to moderate volume. Technical analysis The NAS Comp, S&P 500, DJIA indexes finished lower on the wk. This current consolidation is 8 sessions in the making […]
#PresidentTrump #gold #COMEX #virus #stimulus #legislation $XAU $GLD $USD “Gold prices pared losses and recaptured the 1,900 mark after House Speaker Nancy Pelosi stated that lawmakers are “‘just about there’ on a stimulus deal.” –Paul Ebeling Gold settled lower Thursday, but comments from House Speaker Nancy Pelosi (D-CA) raised hopes for a deal on another round of […]
#inflation #gold #crudeoil #commodities #inflation #bullmarket $XAU $GLD $USD $USO $OIL $CU $USD $GS Goldman Sachs reportedly is forecasting a Bull market for commodities in 2021 based on its outlook for a weaker USD, inflation, and the prospect of further economic and fiscal stimulus. Analysts at the bank Thursday predicted a 12-month return of 30% […]
#gold #silver #USD #prices $XAU $GLD $XAG $SLV $DXY $USD ‘If gold does not break out above 1935 real soon, then get ready for a move back to 1880“– Paul Ebeling Gold prices edged higher for a 3rd day running early Wednesday, driring the precious Yellow metal above a 1-wk peak and toward a 5-wk high, as […]
$AUD #Australian #Dollar #USD #FX #Currencies #Trading #Markets Australian DollarTicker: AUD=Price: 0.7159 AUD/USD Outlook The Australian dollar rose on Monday after data showed China extended its economic recovery, and the New Zealand currency also posted gains following a landslide election victory for Prime Minister Jacinda Ardern during the weekend. The Australian dollar AUD=D3, which correlates closely […]
#gold #price #election #PresidentTrump $XAU $GLD $USD The SPDR Gold Shares (NYSE:GLD) is the largest gold-backed exchange-traded fund, it has retreated from recent highs but it is up 24.37% YTD. In the run-up to this Presidential election GLD and other gold ETFs may be in the headlight, but history tells up indicates gold and the other precious metals are […]
#AmericanDream #Business #Innovation #Entrepreneurs $DIA $SPY $QQQ $RUTX $VXX “New, disruptive technologies are unlocking new innovative companies to grow at speeds not seen before, the American Dream is alive, it is not greed, it is innovation.” — Paul Ebeling The US Census Bureau has revealed that the number of people starting their own business just surged […]
#market #stimlus #PresidentTrump #Fed $DIA $DJIA $SPY $SPX $QQQ $RUTX $USD $DXY “Investors should be preparing for inflation, not this recovering economy.“– Paul Ebeling The US and the been through a profound economic shock with the China ‘Act of War’ virus, but everything every policy-making body in the US is doing is inflationary it is […]
#gold #dollar #price $XAU $GLD $XAG $SLV $USD $DXY “Gold and USD have a very special relationship, together they share an inverse relationship.”— Paul Ebeling In other words, the price of gold and USD often head in opposite directions. When the price of USD goes up, gold tends to go down, and when the price […]
#gold #FOMC #price $XAU $GLD $USD The gold futures contract gained 0.66% Monday, as it continued to fluctuate following the recent advance. Recently gold was retracing a rally from around 1,800 to 7 August record high of 2,089.20 in reaction to USD advance, among other factors. Then gold has bounced off the support level marked by mid-August […]
#gold #silver #dollar #stimulus $XAU $GLD $XAG $SLV $USD $ICE “Like stocks, the gold market believes the Fed’s easy money plus big deficit spending by government will beat COVID-19’s deeply deflationary impact“– Paul Ebeling Gold futures rose Monday on a softer USD and fresh talk of a aid/relief/stimulus deal supporting prices for the precious Yellow […]
#trade #deficit #dollars #Covid #gold $USD $XAU $GLD “The Trump Trade Deficit Increases Even as Trade Flows Show COVID-19 Effect, Dropping 15% in 1-H of Y 2020 Compared to Same Frame in Y 2019” –Paul Ebeling The trade deficit widened to $67.1-B in August (consensus -$66.2-B) from an revised $63.4-B in July. The widening deficit is […]
#gold $XAU $GLD $USD The Fundamentals Central banks worldwide are committed to suppressing interest rates and printing money to solve their nation’s debt problems. Eventually, they will be forced to default or devalue, they will devalue. The Technicals Gold forms a major bottom every 8-yrs. The last low came in Y 2016. The next one should […]
#PresidentTrump #Covid-19 #financialmarkets #volatility #conspiracy $DIA $QQQ $SPY $RUTX “President Trump and the First Lady are infected with the China virus, America is praying for their speedy recovery. And President Trump contracting the coronavirus is ‘short-term noise’ that jolts asset prices, but there is nothing which should change the market dynamic seen in past election […]
#PresidentTrump #coronavirus #quarantines #dollar $USD $DXY $AUD $GBP $EUR $JPY $CHF $USO $OIL $CU The USD climbed Friday on doubts about the prospects of a new US aid/relief/stimulus package and President Trump entered quarantine after he and the First Lady tested positive for COVID-19, prompting investors to trim bets on riskier currencies and sell stocks. […]
$AUD #Australian #Dollar #USD #FX #Currencies #Trading #Markets Australian DollarTicker: AUD=Price: 0.7159 AUD/USD Outlook The Australian dollar extends rally into fourth straight day, advancing 2.1% since the base of thick daily cloud contained last week’s steep fall. Fresh risk mode and rally in China’s yuan additionally boosted Aussie, as bulls broke above pivotal Fibo barrier […]
#Dollar #Euro #Yen #currencies $USD $DXY $EUR $JPY USD hangs near a 2-month high Vs at a basket of peer currencies on Monday as investors look to lots of upcoming economic data and political developments in the US before making any fresh bets on the Buck. Data on USD futures positions released Friday pointed to […]
$AUD #Australian #Dollar #USD #FX #Currencies #Trading #Markets Australian DollarTicker: AUD=Price: 0.7057 AUD/US Dollar Exchange Rate Today’s Forex Rates AUD/USD FX Polls Economic Events Technical Indicators Overall, the bias in prices is: Sideways. The projected upper bound is: 0.72. The projected lower bound is: 0.69. The projected closing price is: 0.71. Candlesticks A white body […]
#Dollar #Fed #virus #risk $USD $DXY $EUR $GBP $JPY $CHF $CNY The USD held onto gains Vs most currencies Thursday in Asia as signs of an economic slowdown in Europe and in the US revived concerns about the fallout from continuing virus infections. EUR hit by worries about a return to severe lockdown restrictions, faces […]
#gold #silver $XAU $XAG $GLD $SLV $USD $DXY Gold fell over 3% Monday, sliding to its lowest mark in more than a month, as uncertainty over more US fiscal stimulus pressured the precious metals complex along with a stronger USD. Silver dove 9.4% to 24.25 as of 11:17a EDT, its lowest level in over a […]
#WallStreet #PaulEbeling #BigTech #economy #growth #Bulls #Bears #money #FAANGs #Microsoft #virus $DIA $SPY $QQQ $RUTX $MSFT $VXX Last Week in Review: Another week of selling, particularly in the mega-cap techs The China virus stock market rally had a mild, nothing wk if you only look at the percentage change. The DJIA lost just 0.03% in […]
#gold #money #banks #COMEX $XAU $GLD $USD The world’s largest 50 investment banks are on track to 2X their income from precious metals this year to around $2.5-B, most of it from gold, Coalition, a banking consultancy said Sunday. “$1.2-B was the earnings pool last year. This year we already crossed that number,” said Coalition’s […]
#Dollar #virus #riskoff $USD $DXY $EUR $AUD $NZD USD rose Tuesday to 6-wk highs, extending gains from the Monday’s session, as markets turned risk-averse over a surge of virus cases and new lockdown measures in UK and Europe. Although European equities opened higher Tuesday, USD continued its ascent and riskier currencies fell, as new lockdown […]
$AUD #Australian #Dollar #USD #FX #Currencies #Trading #Markets Australian DollarTicker: AUD=Price: 0.7296 AUD/US Dollar Exchange Rate Today’s Forex Rates Economic Events Technical Indicators Overall, the bias in prices is: Upwards The projected upper bound is: 0.74. The projected lower bound is: 0.72. The projected closing price is: 0.73. Candlesticks A black body occurred (because prices […]
#Gold $XAU $GLD $USD Gold: Technical analysis Gold prices moved lower unable to gain momentum bouncing at support near the 50-Day MA at 1,932. Prices pushed back through short term support is seen near the 10-Day MA near 1,944. Top range resistance is seen near the September highs at 1,979. Medium-term momentum has turned positive […]
#gold $XAU $GLD $USD Let’s look at the pattern. Gold captivated investors, and with the rise in gold, silver and other precious metal prices this year, there’s been lots of market talk. But, the chatter has quieted over the last few wks as the run in precious metals has paused to consolidate its most recent […]
$AUD #Australian #Dollar #USD #FX #Currencies #Trading #Markets Australian DollarTicker: AUD=Price: 0.7313 AUD/US Dollar Exchange Rate Today’s Forex Rates Economic Events Technical Indicators Overall, the bias in prices is: Upwards. The projected upper bound is: 0.74. The projected lower bound is: 0.72. The projected closing price is: 0.73. Candlesticks A white body occurred (because prices […]
#WallStreet #PaulEbeling #BigTech #earnings #economy #growth #employment #interest #Bulls #money #FAANGs $DIA $SPY $QQQ $RUTX $VXX Last Week’s Action Week in Review: Another week of selling, particularly in the mega-caps The selling from the prior week carried over to the shortened trading week. The S&P 500 fell 2.5%, the NAS Comp fell 4.1%, the DJIA […]
$AUD #Australian #Dollar #USD #FX #Currencies #Trading #Markets Australian DollarTicker: AUD=Price: 0.7282 Australian Dollar Outlook The key day in economic data this week will be Thursday with August’s job data. Economists are expecting a further slight rise in Australia’s unemployment rate. Also look out for the House Price Index on Tuesday and the Westpac Leading […]
#BREXIT #UK #EU $GBP $EUR $USD Fears of a no-deal BREXIT are back to haunt the UK financial markets. With the relationship between the EU and Britain reaching a new level of discord, investors hammered the GBP with an intensity that has not been seen since the height of the virus chaos in March. Money […]
$AUD #Australian #Dollar #USD #FX #Currencies #Trading #Markets Australian DollarTicker: AUD=Price: 0.7276 Australian Dollar Outlook The Australian Dollar US Dollar exchange rate is advancing for a second straight session on Thursday. The pair settled just shy of 1% higher in the previous session, at US$0.7282. At 13:15 UTC, AUD/USD trades +0.2% at US$0.73, at the […]
#dollar #inflation #Fed $USD $DXY $EUR $GBP $JPY The Buck has been on a slide since The China Virus arrived in the US and the change in the Fed’s approach to inflation is applying more Southside pressure on the dollar into the future. USD has depreciated over the course of the Summer, with the US […]
Australian Dollar: AUD/USD (AUD=X) HEFFX Forecast and Charts By HEFFX Australia on September 7, 2020FacebookTwitterLinkedInEmailMore1 $AUD #Australian #Dollar #USD #FX #Currencies #Trading #Markets Australian DollarTicker: AUD=Price: 0.7216 Australian Dollar Outlook The Australian Dollar US Dollar (AUD/USD) exchange rate traded lower on Tuesday. The risk sensitive Australian Dollar was out of favour and the safe haven US Dollar found […]
#WallStreet #PaulEbeling #BigTech #earnings #economy #growth #employment #interest #Bulls #money #FAANGs $DIA $SPY $QQQ $RUTX $VXX Last Week’s Action The trigger the stock-market pullback Thursday and Friday that erased weeks of gainers in the US stock market, may have been embattled investment firm SoftBank, according to a report by the Financial Times of London The report […]
$AUD #Australian #Dollar #USD #FX #Currencies #Trading #Markets Australian DollarTicker: AUD=Price: 0.7278 Australian Dollar Outlook The Australian dollar has fallen a bit during the trading session on Friday, only to turn around and form a bit of a hammer. At this point, it looks like we will continue to see a lot of buying pressure […]
#Fed #dollar #euro #yen $USD $EUR $JPY The Fed shift to a more tolerant stance on inflation will be a drag on the Buck for years and will raise hard questions about the role of central banking, challenging policymakers from Frankfurt to Tokyo. The Fed’s policy ‘tweak‘, unveiled on 27 August appears tailored to giving […]
$AUD #Australian #Dollar #USD #FX #Currencies #Trading #Markets Australian DollarTicker: AUD=Price: 0.7314 AUD/US Dollar Exchange Rate Today’s Forex Rates AUD/US Dollar FX Polls Economic Events Technical Indicators Overall, the bias in prices is: Upwards. By the way, prices are vulnerable to a correction towards 0.70. The projected upper bound is: 0.74. The projected lower bound […]
$AUD #Australian #Dollar #USD #FX #Currencies #Trading #Markets Australian DollarTicker: AUD=Price: 0.7369 AUD/US Dollar Exchange Rate Today’s Forex Rates AUD/US Dollar FX Polls Economic Events Technical Indicators Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 0.75. The projected lower bound is: […]
#Dow #USD $DIA $SPY $QQQ $RUTX $VXX DJIA finished Friday in the Green, just about 3% off record closing high as stock market is on track for best August in 36 yrs, the .DXY fell 0.7% to 92.32, and the VIX declined 6.2% to 22.96 Friday, US stocks finished the week and day higher, capping […]
#global #growth #exports #dollar $USD $EUR $GBP $USO $XAU $GLD The USD is struggling, and the market is betting the Buck has more room to fall. The trade-weighted USD has fallen 7% from its March highs, and we expect it fall at least 15% from the highs. That will give a shot in the arm […]
$AUD #Australian #Dollar #USD #FX #Currencies #Trading #Markets Australian DollarTicker: AUD=Price: 0.7265 Australian Dollar News China’s Industrial Profits surged by 19.6 Percent, but AUD/USD hardly reacted to the news. The pair posted higher highs and lows this week and is now targeting the 2019 high of 0.7295m helped by the lower than expected decline in […]
$AUD #Australian #Dollar #USD #FX #Currencies #Trading #Markets Australian DollarTicker: AUD=Price: 0.7195 Australian Dollar News The Australian Dollar US Dollar (AUD/USD) exchange rate is trading higher, extending gains for a second session. The pair settled on Wednesday +0.46% at US$0.7194. At 14:00 UTC, AUD/USD trades +0.25% at US$0.7214. This it at the upper end of […]
$AUD #Australian #Dollar #USD #FX #Currencies #Trading #Markets Australian DollarTicker: AUD=Price: 0.7195 Australian Dollar News The Australian Dollar US Dollar (AUD/USD) exchange rate is trading +0.3% higher as the US session progresses. The pair remains with the familiar range of US$0.7150 – US$0.7250 which it has traded in across the past month. A willingness shown […]
$AUD #Australian #Dollar #USD #FX #Currencies #Trading #Markets Australian DollarTicker: AUD=Price: 0.7162 Australian Dollar News The AUD offered little to excite investors through trade on Monday, maintaining a narrow range and bouncing between 0.7150 and 0.7205. With little headline data available to drive direction investors focus remained with broader risk flows choosing to chase positive […]
#USD #Gold #investors #debt #Fed $XAU $GLD $USD $DXY The reason USD became the world’s reserve currency is that America has had the largest, strongest steadily growing and conservatively financed economy and a stable political system anchored in the US Constitution. Yet for USD to continue to be valued, the world has to believe in it. […]
$AUD #Australian #Dollar #USD #FX #Currencies #Trading #Markets Australian DollarTicker: AUD=Price: 0.7162 Australian Dollar News The Aussie has been on a nice run as it touched on a 12 month high at 0.7269 earlier in the week, but has come down to open at 0.7160 this morning after sliding due to strong US PMI data. […]
$AUD #Australian #Dollar #USD #FX #Currencies #Trading #Markets Australian DollarTicker: AUD=Price: $0.7186 Australian Dollar News On a day that the US dollar started to gain some strength against other major currencies, the Australian dollar continue to go slightly higher. That is a strong sign and tells you that the Australian dollar is going to be a force […]
$AUD #Australian #Dollar #Currencies #FX #Trading #Markets Australian DollarTicker: AUD=Price: $0.7249 Outlook AUD/USD may attempt to grasp the January 2019 swing-high ledge at 0.7295 as the pair continues to add onto its +20 percent rise since bottoming out in March. Clearing that ceiling with follow-through may open the door to retesting another multi-month top at […]
#GoldBugs #investors #metal $XAU $GLD $USD There always have been the hard core gold bug investors and Wall Street analysts who tout the precious Yellow metal and stay overweight regardless of demand and the macro picture. The bottom line is that, from an asset allocation standpoint, all structured portfolios need a weighting to precious metals […]
#gold #silver #market #price #COMEX #USD $XAU $XAG $GLD $SLV $USD The Big Q: What happened in the gold and silver markets last week? The Big A: Ka-Boom! This is the USS New Jersey (BB-62) firing a 9 gun broadside at dusk in the Gulf of Thailand, August 1986. How do I know that? I […]
#gold #rally #Bulls $XAU $GLD $USD Gold sliced through the powerful psych mark at 2,000 like ‘a hot knife through butter‘ The move has some fearing a deep correction, but many my work shows more gains as investors buy into the precious Yellow metal’s safety. The record-breaking rally, which lifted gold as high as 2,055 […]
#housing #automobiles #consumers #recovery $DIA $SPY $QQQ $RUTX $VXX Clearly, record low interest rates has helped revive the US markets for housing and autos standouts in the economy as it gains traction. Sales of new homes in June ran at their fastest pace in 13 yrs, leaving builders and the construction workers they employ with […]
#Dollar #rates #yields #C19coronavirus $USD $DXY $EUR $GBP $JPY EUR rose the most in a decade in July, the GBP marked its best July since Y 1990, and for the 1st time this year, every major currency in the world rose against the Buck. It is all thanks to the USD’s 4.6% dive, its biggest […]
#gold #silver #price #record #COMEX #Fed #ETFs $XAU $GLD $XAG $SLV $USD Friday, gold rose to a new record, driven by demand, USD weakness and low interest rates, and silver posted its best month since Y 1979. Spot bullion is up more than 10% in July its best month since Y 2016 as US real yields […]
$VIX $VXX $DBCVIX $USD $EUR Financial markets’ fear gauges are not flashing Red or yellow at a time of serious global turmoil, stirring investor doubts over whether the indexes are mispricing current and future volatility. Volatility gauges embedded in option markets are used by traders and investors to predict the market’s direction. They are also […]
$XAU $GLD $XAG $SLV $USD $GOLD Gold steadied as investors paused after a record-breaking rally that saw futures touch 2,000oz for the 1st time. Futures and spot prices backed off from the wide swings that shook the market earlier as traders assessed the outlook for a host of drivers including Fed policy, with the FOMC meeting this […]
#AsiaPacific #stock #markets #rally #dollar #gold #WallStreet #C19coronavirus #USChina #Fed #FOMC #Congress #yen #safehaven $DIA $SPY $QQQ $RUTX $XAU $GLD $USD #JPY Asian stock markets advance after Wall Street rally, gold extends, USD falls The price of gold rose 38.80 to 1,969.80oz Tuesday, up 2% to another record high. It is unusual for the price […]
#gold #silver #dollars #currencies #risk #Fed #interestrates #USChina $XAU $GLD $XAG $SLV $USD Spot gold topped 1,900oz for the 1st time since September 2011 and edged closer to an all-time high with flaring geopolitical tensions and concern over global growth driving demand for save-haven assets. Gold marked a 7th wkly gainer, the longest run since […]
#gold #stocks #money #investors #goldbugs #centralbanks #inflation #virus $DIA $SPY $QQQ $RUTX $XAU $GLD #VXX Gold is up 25% this year and traded above 1,897oz, just shy the Y 2011 record high at 1,921. Global stocks measured by the MSCI World index, have recovered almost all of the losses they suffered on the instant recession sell-off brought on […]
#gold #XAU #GLD #silver #XAG #SLV #rally #USD #Treasuries #yields #interest #Fed $XAU $GLD $XAG $SLV $USD Deepening negative real yields in the US Treasury market are driving a this rally in gold that is seeing the precious Yellow metal moving toward record highs. Bullion has gained 24% this year and is about $40 from […]
#stocks #gold #silver #dollar #C19coronavirus #China #global #growth #COMEX #VeryBullish $DIA $QQQ $SPY $RUTX $VXX $USO $USD $XAU $GLD $XAG $SLV Moving the Market: Profit taking in mega-caps Thursday, Gold traded near 1,900oz, moving closer to it’s all-time high set nearly 9 yrs ago on concerns about global growth that is driving safe-haven demand. Increasing […]
$AUD #AustralianDollar #FX #Currency #Trading #Markets The AUD/USD exchange rate is extending gains for a third straight day. The pair settled on Tuesday +1.6% at US$0.7128. At 13:45 UTC, AUD/USD trades +0.4% at US$0.7155 after touching a 15-month high of US$0.7182. The Australian dollar is roaring higher on stimulus optimism despite fears over a second […]
#gold #silver #dollar #rally #safehaven #insurance #recovery #demand $XAU $GLD $XAG $SLV $USD Wednesday, Gold rose to a 9-yr high as an escalation in US-China tensions fueled demand for safety, while silver followed bullion’s rally to hit a near 7 yr high on expectations of a recovery in industrial demand. Spot gold hit its highest […]
$AUD #Australian #Dollar #FX #Currency #Markets #Trading The Australian dollar continues to show signs of hesitation at the 0.70 level, forming a bit of a shooting star. we are clearly at a point of inflection and this may be very frustrating for traders. All things being equal, I do think it is only a matter […]
#CapitalFlight #rich #fear #C19coronavirus #Mexico #AMLO $USD Mexico’s President Andres Manuel Lopez Obrador aka AMLO is scaring the rich into shipping their money abroad. The very 1st signs of this capital flight date back to the run-up to Lopez Obrador’s landslide electoral victory in Y 2018, and they mounted after he implemented new laws against […]
$AUD #FX #Australian #Dollar #USD #Curreny #Trading U.S. dollar is on the defensive once more early Wednesday, particularly against other growth-leveraged currencies such as the Australian dollar, following an uptick in U.S. inflation. The dollar is extending losses on Wednesday after the U.S. government reported the previous session that consumer inflation rebounded 0.6% month-on-month, the […]
#gold #silver #virus #China #uptrend #inflation $XAU $GLD $XAG $SLV $USD Gold prices eased Thursday on a stronger USD, though concerns over rising C-19 coronavirus cases and US-China tensions is keeping bullion close to a 9-yr high. Spot gold was down 0.3% to 1,805.62oz by 0705 GMT, just 12 shy of its highest since September […]
#Gold #Silver #preciousmetals #Fed #ECB #RBA #C19Coronavirus #inflation #currencies #stocks $XAU $GLD $XAG $SLV $USD $DIA $SPY $QQQ $RUTX $VXX Analysts and economists are calculating the destruction the C-19 coronavirus chaos, and traders in the financial markets trying to understand the ramifications of the virus’ presence. The market trends demonstrate that our prior precious metals forecasts continue […]
$AUD #FX #Currency #Australian #Dollar $AUDUSD The Australian dollar versus the United States dollar currency pair appears to have some trouble heading towards the north. Is this a sign of a bearish comeback? Long-term perspective The appreciation that started from the 0.7501 low, after the level of 0.5516 was validated as support, managed to pass […]
#gold #stock #market #yield #opportunity #USD #safehaven #asset #investors #negative #interest #stimulus #Fed #inflation #rally $GLD $XAU $USD Negative real yields mean opportunity cost of holding gold disappears. Traditionally Gold has been thought of as a safe-haven asset. But that has not stopped it from rising to 9-yr highs, and within striking distance of its […]
#Gold #XAU #GLD #HUI #WGC #bullion #precious #metal #asset #USD C19cronavirus #China #HeffCap #inflation $XAU $GLD $USD The price of gold has risen above the 1,800 psych mark Spot gold up 17% in the 1st 6 months of Y 2020 Gold ETF net inflows in i-H of Y 2020 exceeds full year record set in […]
$DIA $SPY $QQQ $RUTX $VXX #Paul Ebeling #Wall Street #recovery #cash #technicals #patterns #Fed #Bulls Last Week’s Action The indexes are in consolidation mode, and the leaders are leading pulling back and testing their moves, the trend is up and the Bulls are still in charge. Financials received bids ahead of the release of the […]
$XAU $GLD $USD The Latin phrase Premeditatio Malorum tells us to prepare for all evils, and that means to prepare investment portfolios for all risks. It may take more time than most expect for the world economy to recover from the psychological and financial impacts of The China Virus chaos. But what that chaos proved was that […]
$USD $DXY The global demand for USDs that was a Key safe-haven buy in the early days of The China Virus have passed, the latest milestone in the fast turnaround in financial conditions engineered by the Fed and other Top central banks. Data from the Fed last Thursday showed central banks around the world tapped […]
$DIA $SPY $QQQ $RUTX $VXX Last Week’s Action Stock indexes are consolidating, the economic data impresses, as headlines focus on new China Virus cases in the wake of massive new testing. Last Friday was Quad Witching expiration, and we saw leaders continue to lead. Perhaps other sectors will now start to contribute to the uptrend. […]
$XAU $XAG $GLD $SLV $USD Gold, forests, property stocks, inflation-linked bonds, these are just some of the assets investors are betting lots money into on the view that the recent explosion of government spending and Fed stimulus may rouse inflation from its 10 yrs+ sleep. If inflation really is “the dog that didn’t bark”, failing […]
$XAU $GLD $XAG $SLV $USD $GS Goldie raises 12-month gold forecast by 11% to $2,000 oz; Silver’s 12-month forecast at $22 oz Gold prices are likely to reach $2,000 oz in 12 months on the back of low real interest rates and concerns over currency debasement, even as developed markets emerge from C-19 coronavirus chaos […]
$.DXY $USO $GLD $XAU A Key measure of USD is the ICE US Dollar Index .DXY, -0.12%, and it has been weakening over the past 30 days, down 3.9%, but is up a bit YTD, rising 0.1%, according to FactSet data. The index measures USD Vs a basket of 6 peer currencies, including the EURUSD, +0.03%, the GBPUSD, 0.29% and USDJPY, +0.06%. A weaker USD has […]
$DX $.DXY $USD $JPY $EUR $GBP $CAD Tuesday, the USD reversed late in the session and is now trading lower against a basket of major currencies. The selling pressure is being led by a strong upward surge in the Euro. The Canadian Dollar is also making a comeback along with the British Pound. The Japanese Yen has been strong all session […]
$.DXY $DX $USD Friday, the US Dollar Index (.DXY) finished sharply lower as the EUR moved to a 12-wk high after the ECB increased its stimulus to bolster EU economies hurt by the C-19 coronavirus chaos. USD has been under pressure for the last 3 wks as risk sentiment improves and stocks rallied on optimism […]
$USD $EUR $JPY The USD finished higher Friday after data showed the US labor market dramatically improved in May, but the Buck ended lower on the week for a 3rd wk running. Investors might not have noticed it amid all the excitement, but a quiet decline by USD should get some credit for the stock […]
$DIA $SPY $QQQ $RUTX $VXX Last Week’s Action The large-cap indexes were lower Thursday, and flat Friday. On the week though the S&P 500 (+3.2%), DJIA (+3.3%), and NAS Comp (+3.4%) rose 3%+, and the small-cap Russell 2000 climbed 7.8%. The Bulls are in charge. Technical Analysis S&P 500 broke higher Wednesday, opened lower Thursday and […]
Australian Dollar: USD/AUD (AUD=X) Further escalation in Australia – China tensions There have been reports about China trade retaliation following the 80% tariff on barley imports from Australia for the next 5 years together with Chinese officials having drawn up a list regarding potential goods including seafood, oatmeal and fruit that could be subject to […]
The second quarter of 2020 is shaping up to be the worst quarter in history in terms of contraction in demand and activity. This is despite a modest bottoming of the Chinese economy. Key summary points We are tracking 2Q yoy real GDP growth to be -12% in the US, +3% in China and -7% […]
The combination of plunging tax revenues and massive government stimulus spending in response to the Covid-19 crisis means government borrowing came in more three times higher than any previous month in history. The US is on course to hit a fiscal deficit of 20% of GDP in 2020, double the Global Financial Crisis peak of […]
USD: Enjoys a broader bid overnight, alongside somewhat higher yields and choppy equity markets as US rates reflect some fading of the negative rates story (though markets are still pricing negative in 2021). This comes as Fed speak from Evans and Bostic attempts to pushback on negative rates with the former seemingly taking a more […]
$XAU $GLD $VXX $USD The Big Q: How High is Too High for the precious Yellow metal? Q-1 of Y 2020 was positive for gold prices, as the chart below shows. The precious Yellow metal gained 6.2% from 31 December 2019 to 31 March 2020, moving from 1,515 to 1,609 oz. In April, gold rallied to 1,693, increasing […]
$GLD $XAU $USD The US once was on a gold standard. This meant people could exchange their Bucks for a fixed amount of gold. The US moved away from a strict gold standard in the 1930’s, and President Nixon abandoned it altogether in Y 1971. Since then, the USD has been a “fiat currency.” Meaning […]
$DIA $SPY $QQQ $RUTX $USO $USD $GLD $VXX Thursday, the market opened in the Red as some profit-taking into April’s month-end happened. The market has been climbing that wall of worry the last few sessions improving the charts in all 3 major US stock market indexes, and thus turning all Key technical indicators Very Bullish. […]
$XAU $GLD $XAG $SLV $USD Gold slipped for a 3rd day running as countries moves toward easing stay at home restrictions and reopening economies lessened desires for safe-haven assets. Spain announced loosening measures after Tuesday’s weekly cabinet meeting. France’s PM to present the blueprint for opening up to the National Assembly. Several US states have […]
$GLD $XAU $SLV $XAG $USD Australia’s largest gold refinery has ramped up production of 1 kilogram bars to ease the supply squeeze in the US that helped propel a surge in the premium for New York futures. The collapse in air travel that’s grounded passenger jets used to transport gold products and virus-related disruptions to some […]
Unprecedented situations require unprecedented actions. That’s why the Fed should fight a rapidly deepening recession by taking interest rates below Zero for the 1st time ever. When the FOMC holds its regular policy-making meeting next week, all the warning lights will be flashing Red. The unemployment rate is expected to reach 2X digits by June. […]
$EUR $USD The EUR fell to its lowest in a month Thursday after data showed economic activity in the Eurozone virtually halted by government-imposed lockdowns to stop the coronavirus chaos. The EUR was last at $1.07795, with investors awaiting the result of a meeting of EU leaders on the bloc’s response to the economic turmoil […]