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Archives by Year:
EUR/JPY Price Analysis: Further Down Comes The 55-Day SMA
EUR/JPY appears side-lined in the low 161.00s on Friday. Further losses should face provisional support near 159.60. EUR/JPY alternates ups and downs around 161.30 on Friday, extending the consolidative mood in the lower end of the recent range.The continuation of the downward bias carries the potential to motivate the cross to break below the 160.00 round […]
Ex-Housing, PCE Inflation, Like CPI Inflation, Is Under The Fed’s 2% Target
Note: I may not be around for the ISM manufacturing or construction spending reports this morning. If so, I’ll comment later (maybe over the weekend) about them. What I’ll be watching for: as to manufacturing, because the ISM is a diffusion index, it didn’t pick up the big increase in vehicle manufacturing earlier this year. […]
Nasdaq 100 Forecast: Stocks Look Cautiously To Fed Chair Powell’s Appearance
Image Source: Pixabay US futuresDow futures +0.02% at 35920S&P futures -0.15% at 4558Nasdaq futures -0.3% at 15890In EuropeFTSE +0.6% at 7480Dax +0.4% at 16295 Fed Powell speaks after inflation data cools Nasdaq 100 & S&P500 on track for best monthly gain since mid-2022 Tesla falls as Cybertruck deliveries start Oil falls after OPEC+ meeting Fed […]
Silver Forecast: Dances Around Big Figure
Silver’s overall bullish sentiment remains intact, but it’s currently grappling with a pivotal obstacle at the $25 level, a significant psychological and round figure that demands our attention.The silver market displayed relative tranquility in Thursday’s trading session, with the $25 region hanging in the balance. This level has proven its importance on multiple occasions, and it […]
A Monster Under The Bed
Image Source: Pixabay Imagine a bedroom. It looks clean and safe, but there is a monster under the bed that nobody notices. As I explain in this episode of the Friday Gold Wrap, that’s the condition of the US banking system right now. It appears “sound,” but a closer look reveals a financial crisis is still bubbling […]
Why Was The U.S. Silver Stockpile Raided By DOD?
Photo by Scottsdale Mint on UnsplashSilver has been used for thousands of years as ornaments and utensils, for trade, and as the basis for many monetary systems. Of all the metals, pure silver has the whitest color, the highest optical reflectivity, and the highest thermal and electrical conductivity. Backstory.Whenever you read some precious metals expert discussing […]
Three Stocks That Can Rise If The Fed Starts Cutting Rates In 2024
If suppressive fed hiking burden is lifted, debt financing is alleviated as well.ince the Federal Open Market Committee (FOMC) held on November 1st, there has been a shift in interest rate expectations. Current fed fund futures, which speculate on the direction of the federal funds rate, price in additional hikes at a probability under 1.5%, […]
Eurozone Inflation Falls, ECB Considers Balance Sheet Reduction
Image source: Pixabay The European Central Bank (ECB) has been accused that it delayed taking any action against inflationary pressures that were observed in the autumn of 2021. The debate still rages on as some analysts suggest that quick action could have limited inflation’s rise and could have prevented the eurozone’s central bank from leading interest […]
EUR/USD Price Analysis: Euro Struggling After Overnight Losses
The EUR/USD price analysis unfolds as the dollar dips, allowing the euro to climb slightly after absorbing substantial overnight losses. Traders evaluated data revealing a drop in Eurozone inflation. Consequently, they are buzzing with expectations that interest rates may have reached their end.Meanwhile, the dollar index had its weakest monthly performance in a year in […]
Another Shot For The Turkish Lira After Big Rate Hike And Record Reserves
Photo by Omid Armin on Unsplash A week ago, the Central Bank of the Republic of Turkey (CBRT) hiked its policy interest rate another whopping 500 basis points to 40%. The response in currency markets was a collective yawn. The CBRT explained that while inflation performed in line with expectations, “the existing level of domestic demand, the stickiness […]
