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Gold Analysis: Will It Break New Record Highs?

Gold Analysis: Will It Break New Record Highs?

During last week’s trading sessions, the price of gold finally surpassed the $2200 resistance level for the first time. Gains extended to reach the all-time high resistance level of $2222 per ounce for the yellow metal. Clearly, this came after the Federal Reserve indicated that it would proceed with three interest rate cuts in 2024 […]
CNY: Second-Guessing The PBOC Proves A Challenge

CNY: Second-Guessing The PBOC Proves A Challenge

Image Source: Unsplash  Friday’s move in USD/CNY raised speculation that the PBOC was preparing to allow a new period of weakness for the renminbi. Today’s market activity suggests otherwise.  Friday’s CNY move gets partially unwoundLast Friday saw significant movement in the USD/CNH pair after the People’s Bank of China raised its USD/CNY fixing by the largest […]
Asian Stock: Hankook Tire & Technology

Asian Stock: Hankook Tire & Technology

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Hankook Tire & Technology Company LimitedBloomberg ticker: 161390 KSMarket cap: US$4,123mBackground: Hankook Tire & Technology Company Limited is a Korean manufacturer and distributor of tire and tube products. It’s top 10 in the world in tires. The […]
Greenback Consolidates Last Week’s Surge

Greenback Consolidates Last Week’s Surge

Image Source: Pixabay  Overview: After surging at the end of last week, the dollar is consolidating today. Stepped up verbal intervention by Japan’s currency chief Kanda and a slightly weaker dollar fix by the PBOC seemed to take the wind from the dollar sails. Except for the Swiss franc and Swedish krona, the G10 currencies are showing […]
Market Signals For The U.S. Stock Market And Indian Stock Market – Monday, March 25

Market Signals For The U.S. Stock Market And Indian Stock Market – Monday, March 25

The S&P 500 was up and the Nifty was unchanged last week. Indicators are bullish for the week. Markets are topping. We are transitioning from an inflationary regime to a deflationary collapse. We are way overbought short-term and are overdue a pullback here to as low as the 50 DMA, as we embrace bearish seasonality. The Nifty has started to correct and will likely underperform.The past […]
CRE Pain Is Just Getting Started

CRE Pain Is Just Getting Started

The vacancy rate of commercial real estate is higher today than at any point in the 2008 global financial crisis, per the Wall Street Journal. Yet, the CRE industry isn’t experiencing the pain one might expect to see with such high vacancy rates. CRE deals involving distressed sellers are still surprisingly low, at just 3.5% of […]
Gold’s Prospects Look Promising

Gold’s Prospects Look Promising

Image Source: Pixabay  Gold prices have stabilized around $2170.00 per troy ounce after two days of decline. Investors are taking a pause ahead of an important US inflation indicator report due this week, which could provide insights into the future direction of the Federal Reserve’s monetary policy.The Core PCE index data, an inflation measure closely watched […]
Stocks: Uncertainty Looms Ahead Of Economic Data

Stocks: Uncertainty Looms Ahead Of Economic Data

The pullback from new records brings more uncertainty – are stocks forming a top?Friday’s trading session saw little change, with the S&P 500 index remaining near its Thursday closing price (-0.14%). Although the market hit a new record high of 5,261.10 on Thursday, it only gained 0.3% after retracting some of its intraday advance. Last […]
After 2 Weeks Of Indecision, Bulls Defend Trendline Support From Last Oct On S&P 500

After 2 Weeks Of Indecision, Bulls Defend Trendline Support From Last Oct On S&P 500

Equity bears came up short last week, unable to take benefit of an opportunity to put the bulls on the defensive. Momentum remains with the bulls. With the S&P 500 having already rallied 28 percent from last October’s low, several variables need to act better for this to continue. Equity bulls put their foot down […]
Global Central Banks Ready To Move Rates: A Close Look On What Happened

Global Central Banks Ready To Move Rates: A Close Look On What Happened

Divergence in Central Banks’ Policies Signal More Trading Opportunities  Central banks worldwide are currently navigating a complex landscape of economic challenges, with some opting for more dovish approaches while others appear poised for a hawkish shift. In this piece, we will give a clear update on the global central banks’ outlook.Among the major players, the […]