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Dollar Marks Time Ahead Of U.S. Jobs Report

Dollar Marks Time Ahead Of U.S. Jobs Report

The foreign exchange market is becalmed, leaving the US dollar narrowly mixed. The euro has been confined to less than a 20-pip range through the Asian session and most of the European morning. The news stream is light. The US withdrawal from the Paris Accord may have garnered the headlines, but as a market force, […]
Silver And Nasdaq Strength Will Reverse

Silver And Nasdaq Strength Will Reverse

Bubbles come and go. Silver and gold – 1980 Japanese Nikkei – 1990 Nasdaq – 2000 Mortgages and Real Estate – 2006 Bonds, Debt, Stocks, Real Estate – 2017 Examine the following graph of monthly data for 32 years of the Nasdaq 100 Index and Silver. We saw the Nasdaq bubble in 1999-2000, a rapid rise for silver in […]
Friday, June 2 – Lookback

Friday, June 2 – Lookback

Welcome to the easyMarkets weekly review where we look back over the results of some of the previous week’s economic indicators. It gives us the chance to reflect on how much expectations were met or missed and to examine a successful trade you could have made this week. Event: US Core PCE Price Index Date: […]
Here’s Your Last Chance To Preview Friday’s “All-Important” Jobs Report

Here’s Your Last Chance To Preview Friday’s “All-Important” Jobs Report

We’ll get the jobs report on Friday and after Thursday’s ADP beat, there’s a palpable sense of optimism out there as evidenced by the overnight risk-on mood. Here are the estimates: Change in Nonfarm Payrolls, est. 182,000, prior 211,000 Change in Private Payrolls, est. 175,000, prior 194,000 Change in Manufact. Payrolls, est. 5,000, prior 6,000 […]
How America Could Save $65 Billion In Mobile Phone Bills

How America Could Save $65 Billion In Mobile Phone Bills

It is a fact of nature that all countries have the same electromagnetic spectrum of radio frequencies. It is a fact of politics that countries have different rules for allocating these frequencies. And it is a fact of economics that people in different countries pay very different rates for their use of spectrum. Mara Faccio […]
Crude Oil Prices Ignore Inventory Data As US Exports Hit Record

Crude Oil Prices Ignore Inventory Data As US Exports Hit Record

A larger-than-expected drop in US inventories failed to make an impression on crude oil prices, as expected. Stockpiles shed 6.43 million barrels, a draw well in excess of the 3 million barrel outflow predicted by analysts. The outcome was well-telegraphed by previously released API data however, robbing the official EIA release of its market-moving potential. Rather, the markets […]
WalMart Shuns Drones, Unveils “Associate Delivery On Way Home From Work” Program

WalMart Shuns Drones, Unveils “Associate Delivery On Way Home From Work” Program

While Amazon is testing drone delivery, ocean freight, (and teleportation devices, ok we made that up), WalMart has decided to take a different approach to fulfilling its online orders… employees will deliver packages on their way home from work! As AP reports, in its latest effort to compete with online giant Amazon, Walmart is testing a delivery service […]
Weekly Commodities Wrap: China Downgrade Weighs On Metals

Weekly Commodities Wrap: China Downgrade Weighs On Metals

  Copper: China Downgrade Weighs On Red Metal, But Losses Recovered Mid-Week The red metal came under pressure initially this week, tracking movement in the broader commodities markets as traders reacted to Moody’s downgrading of China’s credit rating from A1 to Aa3. The downgrade, which marks the first lowering of China’s credit rating since 1989, […]
Gold Retreats As U.S. Data Lifts Greenback

Gold Retreats As U.S. Data Lifts Greenback

Gold prices fell $3.41 an ounce on Thursday as better-than-expected U.S. economic data, which supported the case for a Federal Reserve interest rate hike this month, led to a bounce in the dollar. The market was not able to break through the resistance in the $1271.50-$1269 area, and ultimately extended its losses after prices pierced […]
Has Permian Productivity Peaked?

Has Permian Productivity Peaked?

The U.S. shale industry might have just received a huge windfall with the nine-month extension of the OPEC cuts. Shale output was already expected to come roaring back this year, but the extension of the cuts provides even more room in the market for shale drillers to step into.  The sky is the limit, it […]