On Monday, US equities gained modestly and closed at new yearly highs. This occurred ahead of key market events this week, including inflation readings and the Federal Reserve’s policy announcement. These events will strongly affect investors’ expectations of interest rates. Many market watchers now believe the central bank has completed its interest rate hike cycle Read More…
Introduction The dollar is flat for the year after, at one point being down 4%, then swinging to the upside and gaining nearly 8% from the lows in July. The Fed’s stance indicates that we should see Dollar weakness, but what do the charts tell us? 1-Year Daily Chart Here is an improved version: The Read More…
Introduction We saw Gold reverse violently last week as the all-time high was broken for the first time in three years. Bulls were hoping for continued buying pressure once the significant level was broken but what we saw instead was an incredible reversal. Gold was trading as high as $2,150 per ounce last week before Read More…
On Thursday, gold strengthened as the dollar weakened ahead of US non-farm payrolls data. Traders anticipated signs of a weaker labor market, increasing the likelihood of a Federal Reserve rate cut in March. Chris Gaffney, head of world markets at EverBank, warned that market expectations for interest rates had become too optimistic. He stated that Read More…
On Wednesday, oil prices dropped by almost 4%, reaching the lowest close since June. Concerns about global fuel demand increased following US data revealing a larger-than-expected increase in gasoline inventories. Prices were also impacted by worries about China’s economic health and future fuel demand, worsened by Moody’s downgrade of China’s A1 rating outlook from stable Read More…
Introduction The S&P 500 is close to ending the year well in the green, currently at an 18.5% return for the year. 7 months have closed in the green, and we will need to wait and see what December brings, but after this rally, it wouldn’t be surprising to see some investors who were long, Read More…
