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Yield Curve Flattens As 2-Year Treasury Rate Rises Above 2%

Yield Curve Flattens As 2-Year Treasury Rate Rises Above 2%

The 2-year Treasury yield is above 2% for the first time in nearly a decade. This rate, which is seen as a key proxy for monetary policy expectations, ticked up to 2.03% on Tuesday (Jan. 16), based on daily data via Treasury.gov. The increase, coupled with a fractional dip in the benchmark 10-year Treasury yield […]
‘Yesterday Was A Hell Of A Crazy Day’: Online Gold Sales Explode Amid Bitcoin Plunge

‘Yesterday Was A Hell Of A Crazy Day’: Online Gold Sales Explode Amid Bitcoin Plunge

$250 billion. Or thereabouts. That’s how much was wiped off the total market cap of global cryptocurrencies from the time things started to go wrong on Monday to the lows on Tuesday: The dip-buyers showed up briefly on Tuesday evening following another bout of selling after the closing bell on Wall Street that left Ripple […]
WTI Crude Oil And Natural Gas Forecast – Wednesday, January 17

WTI Crude Oil And Natural Gas Forecast – Wednesday, January 17

WTI Crude Oil The WTI Crude Oil market broke down significantly during the day, reaching towards the $63.50 level. There is a significant amount of structural importance to this level, so I think it’s only a matter of time before the buyers get involved. I would anticipate a rally from here will more than likely […]
Above The 40 – Overbought Conditions Abruptly End On A Reversal Day

Above The 40 – Overbought Conditions Abruptly End On A Reversal Day

AT40 = 64.0% of stocks are trading above their respective 40-day moving averages (DMAs) – ended a 1-day overbought periodAT200 = 62.7% of stocks are trading above their respective 200DMAsVIX = 11.7Short-term Trading Call: bullish Commentary It figures that just one day after the stock market finally crossed into overbought territory, it dropped right back out in dramatic fashion. […]
A Key Decision Awaits Bank Of Canada

A Key Decision Awaits Bank Of Canada

Today, at 3PM GMT, the Bank of Canada will release its first interest rate decision of the year. To traders, investors, and Canadians, this decision will be vital. As you recall, before the financial crisis of 2008/09, the base interest rate in Canada was 4%. Within and after the crisis, the BoC started providing support […]
IBM Upgraded To Overweight From Underweight At Barclays

IBM Upgraded To Overweight From Underweight At Barclays

Barclays analyst Mark Moskowitz double upgraded IBM (IBM) to Overweight from Underweight and raised his price target for the shares to $192 from $133. The technology giant closed yesterday up 69c to $163.85. The company could be entering a period of top-line stability and maybe even modest growth over the next 12-18 months, Moskowitz tells […]
Dow 30 Index Hits 26,000 As U.S. Stocks Gain $7.8 Trillion In Value Since 2016 Election

Dow 30 Index Hits 26,000 As U.S. Stocks Gain $7.8 Trillion In Value Since 2016 Election

TODAY’S NEW ALL-TIME HIGHS: the Dow 30 Index spiked above 26,000 briefly today (Tuesday), as shown on the following Monthly chart the S&P 500 Index spiked briefly above 2800, as shown on the following Monthly chart the Nasdaq Composite Index spiked briefly above 7300, as shown on the following Monthly chart …amid reports that measurements of the Wilshire 5000 Index indicate that U.S. stocksgained roughly $7.8 Trillion in value since the November 8, 2016 […]
The US Dollar Index Is Testing Local Lows

The US Dollar Index Is Testing Local Lows

2017 was the worst year for the US dollar in the last decade, but the analysts say that this is not the end. The low inflation and a moderate growth of the US economy contribute to the further weakening of the US currency. Investors believe that the closing of the asset purchase program and the […]
Gold Prices May Fall If BOC Signals More Rate Hikes On The Horizon

Gold Prices May Fall If BOC Signals More Rate Hikes On The Horizon

Gold prices were in for a volatile session. The metal began the day on the defensive as US markets returned in an upbeat mood after Monday’s holiday closure but a violent intraday reversal inspired a swift recovery that erased nearly all of the decline. The benchmark S&P 500 stock index touched a record high only to turn sharply […]
Why Commodities Are A Better Bet These Days

Why Commodities Are A Better Bet These Days

It’s been a long time since an article about commodities felt like ‘click bait.’ After all, commodity indices have been generally declining for about seven years – although 2016 saw a small advance – and the Bloomberg Commodity Index today sits 63% below its all-time high set in the summer of 2008. I’ve written before, […]