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Bank Of England Hints That The First Rate Cut Is Drawing Nearer

Bank Of England Hints That The First Rate Cut Is Drawing Nearer

Photo by Colin Watts on Unsplash  The latest post-meeting statement is slightly dovish The Bank of England has voted 7-2 in favour of keeping rates at 5.25% for another month. No surprises there, but in the limited comments we got from the Bank today, this is a statement that reads more dovish than we suspect many investors might have […]
Market Morsel: A Top Heavy Market

Market Morsel: A Top Heavy Market

Image Source: Pexels The S&P 500 is up 4.8% in the 2nd quarter to date but that is far from the whole story. The bull market over the last year has become ever narrower with the index return pulling away from the average return. This quarter the average return of the stocks in the index is […]
Stocks Underperforming Bonds In Iceland

Stocks Underperforming Bonds In Iceland

Image Source: Unsplash At the beginning of the year, the benchmark index for government bonds in Iceland – NOMXIBB – made new all-time highs and has kept rising with no clear top in sight. NOMXIBB – Weekly Chart  Meanwhile, the OMX Iceland All-Share Price Index (OMXIPI) is still in a long-term downtrend but possibly in a trend reversal […]
Jobless Claims Still Positive For Forecasting Purposes

Jobless Claims Still Positive For Forecasting Purposes

This morning’s jobless claims report continued the uptrend we’ve seen for the past month. But it still looks more likely than not that it is mainly unresolved post-pandemic seasonality. We’ll probably get a more definitive answer to that issue in th next several weeks.Initial claims declined 5,000 for the week to 238,000. The 4 week […]
Central Banks’ Appetite For Gold Hasn’t Been Satisfied 
                    
Why Gold?

Central Banks’ Appetite For Gold Hasn’t Been Satisfied Why Gold?

By Mike Maharrey, Money Metals ExchangeCentral banks have been gobbling up gold, and based on responses to the World Gold Council’s 2024 Central Bank Gold Reserves Survey, their appetites for the yellow metal aren’t going to be satisfied any time soon.Last year, central banks added a net 1,037 tons of gold to their reserves, just […]
Copper Could Gain Momentum Above $9,854/t – TDS

Copper Could Gain Momentum Above $9,854/t – TDS

While industrial metal prices found some support, the hopes for fresh Chinese stimulus are failing to generate any material upside for the time being, TD Securities Senior Commodity Strategist Ryan McKay argues. Chinese stimulus fails to push industrial metals up“Our gauge of commodity demand is weakening amid a precarious global macro landscape, and our return decompositions […]
German Bund Can Stabilize And Recover The EURUSD Pair

German Bund Can Stabilize And Recover The EURUSD Pair

German Bund is nicely breaking above important trendline after a completed complex w-x-y corrective decline in wave B, which can now send the price higher for wave C towards 140 resistance area. If we respect a positive correlation between German Bund and EURUSD currency pair, then EURUSD could easily stabilize and recover. For a detailed […]
Chart Of The Day: Cava Group – Mediterranean Fast Food Star

Chart Of The Day: Cava Group – Mediterranean Fast Food Star

The Chart of the Day belongs to the Mediterranean fast food restaurant chain Cava (CAVA) . I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for […]
Still Buying Almost Every Dip

Still Buying Almost Every Dip

Consolidating sharp Monday‘s gains, S&P 500 did OK through the soft landing supportive retail sales, and bonds reliably showed further way. And that was higher – strong 20y Treasury auction tone continued through CBO raising deficit estimates to less than $2T. Similarly to precious metals, stocks had all the reasons to go down to consolidate, […]
USD/JPY Price Analysis: Rising Up In Channel Towards Intervention Zone

USD/JPY Price Analysis: Rising Up In Channel Towards Intervention Zone

USD/JPY is currently trading in the 158.50s as it continues rising up in an ascending  channel. It is now quite close to 160.32, the April 26 high – its highest level since 1986.  USD/JPY Weekly Chart USD/JPY is now close to the “intervention zone” (red shaded band) around where the Japanese authorities intervened to support the […]