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Archives by Year:
The Morning After
Image Source: UnsplashTuesday’s opening bell in the Asian markets might as well have been a call for lifeboats, as traders, weary from bailing out from Monday’s market tsunami, clung to hopes for calmer waters. Interestingly, the yen, which played the villain in yesterday’s dramatic sell-off, might transform into today’s hero, offering a potential lifeline amid the […]
NZD/USD Holds Above 0.5950 As US Recession Fears Mount
Photo by Thomas Coker on Unsplash NZD/USD rebounds to near 0.5955 in Tuesday’s early Asian session. Traders raise pressure on the Fed to take more aggressive rate action. The interest rate cut by the RBNZ in August cannot be ruled out, said BNZ analysts. The NZD/USD pair recovers some lost ground around 0.5955 after retracing to near […]
EUR/USD Jumps But Fails To Grasp 1.10
Image Source: Pixabay EUR/USD bumped higher on Monday before easing back into range. European Retail Sales due on Tuesday, economic calendar remains thin. Softening US data keeps rate cut hopes pinned to the ceiling. EUR/USD scrambled for higher ground on Monday, launching bids into 1.1000 before settling back into a familiar range near 1.0950 and failing to […]
“Chip Wars” Will Soon Be “Data Center Wars”, As Our “Next AI Trade” Develops
Photo by Steve Johnson on UnsplashAs we have alluded to numerous times when talking about the next “AI” trade, data centers will be the “factories of the future” when it comes to the age of AI.That’s the contention of Chris Miller, the author of Chip War, who penned a recent opinion column for the Financial Times noting that ‘chip wars’ could very soon become […]
VIX Surges: The Surprising Effects On You And The Market
Image Source: PexelsIn this video, we talk to you about the VIX soaring sixfold from just July 19th to today, August 5th, 2024, and stock indices, which have been going up, suddenly entering correction territory. What’s going on?Video Length: 00:06:04More By This Author:Morning Flash Report For Friday, Aug 2 Metal Markets Report For Thursday, Aug 1 […]
Gold Slips But Stays Firm Above $2,400 On Risk Aversion
Image Source: Pixabay Gold dips to $2,364, a six-day low, then recovers above $2,400. Market turmoil stems from weak US data, anticipates 50 bps Fed cut in September. US Dollar Index falls 0.50% to 102.70; 10-year Treasury yield to 3.783%. Rising Middle East tensions buoy Gold; US base in Iraq hit by missiles. Gold price dropped […]
Global Market Rout May Only Intensify
Stocks were smashed again today as the carry trade unwinds. The velocity increased last night when the Nikkei fell by more than 12%, yes, 12%. The Nikkei has erased all of its gains this year and is down 25% from its high in July. This trade rippled across Asia, with Taiwan and South Korea falling […]
Carried Away, Then Carried Out
Image Source: Unsplash As those of us in the US awoke to the carnage in a wide range of overseas markets and even cryptocurrencies, the following question came to me in my morning Wordle text group: Steve, how bad will it be today?The query came from a friend who is the CFO of a mid-sized company, so […]
Bitcoin And Nasdaq Speculation: It’s The Same Trade, Stupid
Gold, Bitcoin, Nasdaq Today Bitcoin is down $5,061 to $53,710 That’s a decline of 8.5%with extreme volatility. Nasdaq Index is down 550 to 16,235. That’s a decline of 3.3% Silver and copper (industrial commodities) are down 4.0 and 3.6%respectively. Gold is down $20 to $2,248. That’s a decline of about 0.85%. The above numbers are […]
Stocks And Precious Metals Charts – The Next Trigger
Stocks continued to get pummeled globally over the weekend.The precise trigger for this is less interesting than the conditions which set the markets up for this.That could be seen coming. And many did see it and spoke up about it.But there is no reason with people determined to be rich by extraordinary means.Stocks managed to […]
