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Archives by Year:
Does The Rising Price Of Industrial Metals Herald The Beginning Of The Next Commodity Super-Cycle?
Super-cycle theory In a 2012 paper for the United Nations/DESA – Super-cycles of commodity prices since the mid-nineteenth century – Bilge Erten and José Antonio Ocampo review the literature on the theory of Commodity Super-Cycles and go on to suggest that the current cycle began in 1999. Here is an extract from their concluding remarks:- The decomposition […]
In The Wake Of The Storm
DOW + 55 = 21,948 SPX + 14 = 2471 NAS + 60 = 6428 RUT + 13 = 1405 10 Y – .02 = 2.12% OIL – .18 = 47.05 GOLD + 12.70 = 1320.80 Top Cryptocurrencies Name Symbol Market Cap Vol. Total Vol. % Price USD Price BTC Chg. % 1D Chg. […]
S&P 500 And Nasdaq 100 Forecast – Friday, September 1
S&P 500 The S&P 500 rallied during the Thursday session, approaching the 2475 handle. A break above there is significant, and should send this market looking towards the 2500 level. However, today is the Nonfarm Payroll Friday, and that of course has a massive effect on where the market goes next. This is obviously a […]
Weekly Commodities Wrap: Copper Rally Extends Into Fourth Consecutive Week
Copper: Codelco Chairman Warns Against Rally Copper prices rallied for their fourth consecutive week this week, trading back up to levels not seen since mid-2014 and have risen nearly 50% against its price at this same time last year. Reuters reported that weekly stocks of copper in warehouses registered by the Shanghai Futures Exchange […]
Sensex, Nifty Continue To Trade In Green; Auto Stocks Rally
Indian share markets continued to trade in green despite weak economic growth data for the June quarter. Realty stocks, auto stocks and metal stocks witnessed majority of the buying activity. Consumer durables stocks and software stocks were trading in red. The BSE Sensex is trading higher by 133 points and the NSE Nifty is trading higher by 43 points. Meanwhile, the BSE Mid Cap index is trading up by 0.9% & […]
EUR/USD: Markets Await The NFP Report
Previous: On Thursday the 31st of August, trading on the euro/dollar currency pair closed up. After dropping to 1.1823, the euro recovered 82 pips to reach 1.1905. I think that the pressure on the US dollar came more from the loonie than from the mixed US data. The Canadian dollar rose by 1.6% against its US […]
Interpreting The August Employment Report
As I write this on Thursday night, very few people know what the August employment report will show. Only the President, Vice-President, and a few top economists get an advance look on Thursday afternoon. The BLS is in lockdown mode for eight days. Media sources get a look on Friday morning, but are cut off […]
Gold Jumps After Weak Inflation Reading
Gold prices rose $12.06 an ounce on Thursday after the Fed’s preferred inflation gauge remained below its annual target and the latest housing data came in weaker than expected. The Commerce Department reported that consumer prices grew 0.1% in July from a month earlier and 1.4% over the past year. The National Association of Realtors […]
Six Banks Join UBS’s “Utility Coin” Blockchain Project
Here’s a piece of news that the remaining human members of Wall Street’s FX sales and trading desks probably don’t want to hear. According to the Financial Times, six of the world’s largest banks have decided to join a blockchain project called “utility coin” that will allow banks to settle trades in securities denominated in different currencies […]
EUR/USD To Stage Larger Pullback On Strong U.S. NFP Report
A 180K expansion in U.S. Non-Farm Payrolls (NFP) paired a pickup in household earnings may trigger a near-term pullback in EUR/USD as it puts pressure on the Federal Open Market Committee (FOMC) to further normalize monetary policy sooner rather than later. Why Is This Event Important: With the U.S. economy approaching full-employment, signs of higher wage […]
