Too Labored Bottoming
The core PCE price index isn‘t going to be a game changer, but the way it came in at 0.1% only, will provide some relief to risk assets.
December Of Discontent
It doesn’t officially start until tomorrow, but already it has been a December of discontent for bulls as breadth has been negative for a record 14 straight trading days and looks likely to extend that streak to 15.
Italian December Confidence Data Points To Continued Economic Soft Patch
Manufacturing and construction confidence was confirmed as weak but improved in services.
Government Shutdown Risk Is New Headache For US Economy
The good news is that the engine of growth for the US economy is the private sector.
USD/CAD Fails At 1.4435 And Pulls Back Below 1.4400 Weighed By A Softer US Dollar
The Canadian Dollar trims some losses with the USD pulling back ahead of US inflation data.
USD/CAD Moves Toward Multi-year Highs Above 1.4400 Due To Risk Aversion, Lower Oil Prices
USD/CAD appreciates toward 1.4467, the highest level not seen since March 2020. The US Dollar strengthened as the Fed may adopt caution regarding additional rate cuts. The commodity-linked CAD struggles due to declining crude Oil prices.
XRP Price Shows Resilience While BTC Sinks Deeper
XRP price remained stable above the $2.20 support zone. The price is consolidating and might aim for a fresh increase above the $2.40 resistance.
US Stocks Futures Dive Lower Over Govt Shutdown Fears Ahead Of Key Inflation Data Release
US stock futures fell on Friday as markets braced for the “Triple Witching” hour when approximately $6.6 trillion in options for the quarter are set to expire.
AUD/USD Trades Sideways Slightly Above 0.6200 As US PCE Inflation Takes Centre Stage
AUD/USD consolidates around 0.6200 as the US PCE inflation data for November is on the horizon. The Fed is expected to keep interest rates steady in the first policy meeting of 2025. Investors await the RBA minutes for fresh interest rate guidance.
The Fartcoin Explosion, A Sign Of The Fed's Failure
Western investor sentiment towards gold is at an all-time low, while we have literally been witnessing a gold rush in Asian countries for the past two years.
FedEx Freight Valuation Projected Between $30-35 Billion Post-Spinoff
FedEx's decision to spin off its freight truckload segment aims to enhance its focus on core operations and unlock substantial value.
US Dollar Hits Fresh Two-Year High Ahead Of PCE Inflation
The US Dollar hits another two-year high in Asian trading on Friday but retreats afterwards.
Prediction For 2025 Using Valuation Levels
It’s that time of year when Wall Street polishes up its crystal balls and predicts next year’s market returns.
USD/JPY Dips To Test A Previous Top At 156.60 Following Hot Japanese Inflation
The Yen trims some losses following higher than expected inflation levels in Japan.
Polish Consumers Show Renewed Enthusiasm In November
November retail sales exceeded expectations as purchases continued to improve after a surprisingly weak September.
Riksbank And Banxico Cut Interest Rates By 0.25%
The Mexican peso remained above 20.3 per US dollar, near the one-month low of 20.37 seen on December 18, after the Bank of Mexico (Banxico) cut rates to 10%.
Time For A Stock Market Bounce
There has been a ton of selling over the last two days in the stock market.
Brent Oil Under Pressure Again: USD And China In Focus
Brent crude oil prices fell below 73 USD per barrel on Friday, reflecting ongoing downward pressure.
Still No New Highs For Gold Since 1980
The all-time high for the gold price was set in 1980; and, it has never exceeded that price point since 1980.
A Global Currency Crisis Has Begun
While everyone is hanging on the Fed and the FOMC's indecision about how many rate cuts next year, there are currency crises - plural - beginning to break out in key places.