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Archives by Year:
CPI Reactions Slide
The economic data slate is light today to kick off the new week with the only US release of note being the New York Fed’s Survey of Consumer Expectations (which we will cover in tonight’s Closer), but tomorrow we’ll get the all-important CPI report for the month of October. In the chart below, we show […]
FTSE In The Green As Phoenix Group Merger Supports Sentiment
Image Source: Unsplash FTSE 100 rose at the beginning of the week due to an increase in industrial metal mining stocks and copper prices. The life insurance index was also lifted by Phoenix Group’s forecast upgrade. The commodity-focused FTSE 100 increased by 0.25%.Phoenix Group, a UK-based insurance company, experienced a notable 5.8% surge in its shares, […]
Market Signals For The U.S. Stock Market And Indian Stock Market – Monday, Nov. 13
The S&P 500 and the Nifty rose last week. Indicators are mixed for the week. Markets have bottomed in the short-term and are approaching important resistance levels, as we enter bullish seasonality. We are transitioning from an inflationary regime to a deflationary collapse. The Nifty is also bottoming and will likely play catch-up this week.The past week saw US equity markets […]
Should We Be Worried About The Deficit Now?
Image Source: Pixabay The shrieks of the deficit hawks have been growing louder with the fiscal 2023 deficit crossing 6.0 percent of GDP, and the projected future deficits being no lower. With interest rates now close to or above GDP growth, we regularly hear about the story of a looming debt spiral, where high debt leads […]
Stocks Mixed As Bond Yields Edge Higher
Stocks are scattered this afternoon, after Moody’s cut its U.S. credit rating outlook. At last glance, the Dow Jones Industrial Average (DJI) is modestly above breakeven, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) both swim in red ink. Traders are also keeping an eye on Treasury yields, with the 10-year note rising to 4.686% […]
Softs Report – Monday, Nov. 13
Photo by Marianne Krohn on Unsplash CottonGeneral Comments: Cotton closed lower last week, but rallied late in the week despite bearish USDA reports. It appears that the bearish reports ere already part of the price and now the market is trying to form at least a short term bottom. On the charts The weekly export […]
Moody’s Lowers US Credit Outlook To “Negative”
Image Source: Pexels Mainstream media pundits and politicians generally act unconcerned about the skyrocketing national debt and ever-growing budget deficits, but somebody has taken notice.On Friday, Moody’s Investor Service lowered its outlook on US government credit from “stable” to “negative.” This could be a prelude to a downgrade in the country’s AAA credit rating. The agency typically resolves an […]
AUD/USD Rises As Soft USD Ahead Of CPI Drives Momentum
Image Source: Unsplash The AUD/USD jumped to 0.6375, seeing 0.30% gains The US will report US CPI figures from October on Tuesday. The Australian Consumer Confidence Index from November is also due on Tuesday. The AUD/USD gathered momentum on Monday, trading at the 0.6375 level, with 0.30% gains, and the pair’s price dynamics were set by […]
GBP/USD: Currency Pair Of The Week – Monday, Nov. 13
Photo by Colin Watts on Unsplash The US dollar has started the new week trading mixed, rising to a fresh 2023 high against the Japanese yen but falling against the likes of the Aussie and pound. The dollar index closed higher last week, erasing a good chunk of the losses from the week before. On Friday, however, the […]
Bears Couldn’t Even Muster 1 Day Of Follow Through
So much for Thursday’s downside reversal mattering. My thinking for a consolidation of mild pullback fell apart an hour into trading on Friday. If you want an example of how strong the bulls are and how powerful the rally is, that epitomizes it. There was a set up for one thing and the exact opposite […]
