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Copper Joins The Volatility Club

Copper Joins The Volatility Club

Image Source: PixabayWhile the equity markets keep chugging along, there have been some truly spectacular/peculiar moves over the last several weeks. It started with the Nikkei in early August when it plunged over 10% in a single day.  Over the last several days, we’ve seen extraordinary moves in the opposite direction in China. Just yesterday, […]
S&P Holds Breakout To Help Russell 2000

S&P Holds Breakout To Help Russell 2000

Image Source: PexelsWhile Small Caps typically lead markets, it’s currently the S&P doing most of the work. Today’s action saw the S&P move towards a test of breakout support without going all the way and doing so. What today did do was confirm there is high volume demand – marked by accumulation – and that buyers […]
Volatility May Rise Sharply Following Quarter End

Volatility May Rise Sharply Following Quarter End

Image Source: PexelsIt was a calm day until 2 PM when the JPM collar with a 5,750 strike price was closed out, and the December contracts were initiated. As anticipated, this triggered significant volatility in the market, and now that last week’s pinning effect is gone, the turbulence is likely to persist. This led to a […]
USD/CAD Trades Stronger Above 1.3500 As Fed’s Powell Signals A Slow Approach To Rate Cuts

USD/CAD Trades Stronger Above 1.3500 As Fed’s Powell Signals A Slow Approach To Rate Cuts

Photo by Michelle Spollen on Unsplash USD/CAD trades firmer around 1.3525 in Tuesday’s early Asian session.  Fed’s Powell said the central bank will lower interest rates “over time.” The Canadian economy expanded by 0.2% MoM in July, faster than expected; advance estimate indicated that growth likely stalled in August. The USD/CAD pair gathers strength to near 1.3525 during […]
The Stunning And Growing Dependence On Government Aid In Pictures

The Stunning And Growing Dependence On Government Aid In Pictures

Image Source: PexelsThe number of counties dependent on government aid has surged over time. The lead shows political part affiliation.The Wall Street Journal has a great article on the Growing Reliance of Americans Are Dependence on Government Aid over time. That is a free link. Americans’ reliance on government support is soaring, driven by programs such as Social […]
A Tumultuous Quarter Ends At New Highs

A Tumultuous Quarter Ends At New Highs

Image Source: UnsplashAnyone hoping to see a little more volatility finally got it today… but not necessarily in the shiny bearish package they were counting on. Indeed, the S&P 500 finished the day – and the third quarter – with an all-time high close.This comes barely two months after the market made its early August correction. […]
EUR/USD Churns In Familiar Territory Ahead Of EU Inflation Print

EUR/USD Churns In Familiar Territory Ahead Of EU Inflation Print

Image Source: Pixabay EUR/USD struggles to find fresh bids as price action holds near 1.1150. Key EU inflation print due early Tuesday, investors on the lookout for looming NFP. Fed speakers knock back early expectations of further jumbo cuts. EUR/USD cycled familiar territory to kick off the new trading, holding north of the 1.1100 handle but […]
Bitcoin faces near-term uncertainty despite strong September gains

Bitcoin faces near-term uncertainty despite strong September gains

Key Takeaways Bitcoin’s recent price surge is primarily driven by institutional investors, not retail. In spite of geopolitical tensions and market uncertainty, Bitcoin recorded a 7% gain in September. Share this article Despite Bitcoin’s rally near $66,000, key indicators suggest it’s not ready for a new all-time high. China-focused stablecoin data and low retail participation […]
Stocks And Precious Metals Charts – Reckless Arrogance, Shameless Greed

Stocks And Precious Metals Charts – Reckless Arrogance, Shameless Greed

Image Source: UnsplashStocks were ranging broadly today, with noticeable losses in the early afternoon. But they found a ‘footing’  and managed to rally back to post some gains by the close.Look for more instances of this to occur, until at least the November election.Gold and silver were sold lower, in anticipation of the Non-Farm Payrolls report on […]
Rates Spark: October ECB Cut More Likely Than Ever

Rates Spark: October ECB Cut More Likely Than Ever

Image Source: Pixabay ECB dedicated to staying ahead of the curve With disinflation broadening across the eurozone and Lagarde underlining this will be taken into account in next decision, an October ECB cut suddenly seems more likely than before. After falling inflation numbers from France and Spain last week, now also Germany and Italy are added […]