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Gold Rises As Dollar Eases Ahead Of ECB Meeting

Gold Rises As Dollar Eases Ahead Of ECB Meeting

Gold prices ended Wednesday almost unchanged after a volatile session that saw prices swing between gains and losses as investors opted to remain on the sidelines ahead of the European Central Bank meeting. In the latest economic data, durable goods orders jumped 2.2%, while the prior print of 1.7% was revised higher to %2.0. Despite […]
Crude Oil Prices Fall With Stocks As Gold Gains In Risk-Off Trade

Crude Oil Prices Fall With Stocks As Gold Gains In Risk-Off Trade

Crude oil prices edged lower, with the WTI benchmark tracking the S&P 500 downward to suggest broader risk appetite were the culprit behind the selloff. Markets shrugged off EIA inventory data that fell in line with API projections released Tuesday showing a slight build in raw-material stocks and strong outflows from refined product storage. As for the reason […]
Not Every FANG Made Goldman’s Super- Awesome New Growth Stock Team

Not Every FANG Made Goldman’s Super- Awesome New Growth Stock Team

Goldman spent what looks like a shit load of time scouring the globe for “secular growth stocks.” And the reason you should care about this is because when things are going ok, but not great, growth should outperform value. As far as Goldman is concerned, that’s what you’re about to see in terms of the […]
ECB Preview: Here’s What Draghi Will Announce On Thursday

ECB Preview: Here’s What Draghi Will Announce On Thursday

Thursday’s ECB meeting is expected to be one of the most important in recent years: Mario Draghi has signaled, and is widely expected to announce a blueprint of what the central bank’s QE tapering will look like beyond 2017, and while no actual tightening will be implemented – either via rates of asset purchases – […]
EUR/USD Daily Analysis – Thursday, October 26

EUR/USD Daily Analysis – Thursday, October 26

EUR/USD continued its sideways movement in a trading range between 1.1725 and 1.1879. The sideways movement is likely a consolidation of the short term uptrend from 1.1669. Another rise could be expected after the consolidation. A breakout of 1.1879 resistance could signal resumption of the uptrend, then the next target would be at 1.2029. Only […]
EUR/USD Ahead Of The ECB: Where Are The Risks?

EUR/USD Ahead Of The ECB: Where Are The Risks?

Today is Draghi Day. The ECB is set to make its decision and the scenarios are laid out. Where could the surprises come from? And beyond the ECB, what could move the euro? Here are three views: Here is their view, courtesy of eFXnews: EUR/USD: 2 Possible Surprises From ECB; EUR Positioning Into The Meeting – […]
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                        Market Briefing For Thursday, Oct. 26

E Market Briefing For Thursday, Oct. 26

Lighting the path for the market’s rotational topping process; we have for several weeks described markets as in an ‘exhaustion phase’, as rotational selling in one sector was offset temporarily by buying in other sectors, like of course old-line Industrial types (which typically are less volatile than techs). Today only one stock we follow really […]
Mutual Fund Cash Hits All Time Lows

Mutual Fund Cash Hits All Time Lows

With the market now deep in what BofA has called an “Icarus Rally” melt-up phase, it is not surprising that retail investor cash levels are among the lowest ever as Joe Sixpack scrambles – as he always did just before the market crashes – to buy everything that institutions have to sell (and as we […]
The Market’s Inner Workings

The Market’s Inner Workings

Welcome back some volatility! With a down day in the market across the board, the volatility or fear index, caught eager bears and weaker bulls. An odd day, as the TBTs or inverse relationship to the 20+ Year Treasury Bonds were up while the dollar was down. Commodities and Utilities, generally safety plays, were also […]
Precious Metals Report – Wednesday, Oct. 25

Precious Metals Report – Wednesday, Oct. 25

A review of the day’s precious metal highlights. Video Length: 00:10:49