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Australian Dollar Remains Subdued As US Dollar Gains Ground Due To Trump Tariff Threats

Australian Dollar Remains Subdued As US Dollar Gains Ground Due To Trump Tariff Threats

Image Source: Unsplash The Australian Dollar faces challenges as Trump’s tariff threats have created a headwind for the risk-sensitive currencies. The AUD declined as Chinese policymakers considered letting Yuan fall in response to an expected sharp hike in US tariffs. The US Dollar gained ground following a hotter-than-expected US PPI report released on Thursday. The Australian […]
XAU/USD Attracts Some Buyers To Near $2,700, Traders Brace For Fed Rate Decision

XAU/USD Attracts Some Buyers To Near $2,700, Traders Brace For Fed Rate Decision

Image Source: Pixabay Gold price rebounds to around $2,690 in Friday’s Asian session, adding 42% on the day.  Gold demand and geopolitical risks could support the Gold price.  The cautious stance of the Fed due to Trump tariff policies might put pressure on the USD-denominated Gold.  Gold price (XAU/USD) recovers some lost ground to around $2,690 during […]
The Changing US Labor Market

The Changing US Labor Market

Image Source: PexelsThere is a widespread belief that the US labor market has been undergoing a period of unprecedented chance in the last decade or two. On one hand, David Deming, Christopher Ong, and Lawrence H. Summers case doubt on this historical claim in their essay, ” Technological Disruption in the US Labor Market”–that is, they […]
The Breakout Pullback Could Make Our Entire Week

The Breakout Pullback Could Make Our Entire Week

Image Source: Unsplash One day left, let’s make it count!  Markets rolled over this afternoon, giving sellers a great opportunity for some bull traps and breakout pullbacks tomorrow!The 60-minute chart is giving us a big clue right now…Big moves in both directions… this means a big range is forming, and we have plenty of ways to […]
Current Report: Toyo Tire

Current Report: Toyo Tire

Image Source: PixabayToyo Tire Corp (TOTTF) manufactures and sells tires, rubber tubes, industrial rubber, polyurethane products, and automotive parts.The majority of the company’s revenue is amassed through Japanese and North American sales.Toyo Tire & Rubber’s tires are developed through micro-level research and analysis. Optimal tire performance is gained through proprietary nano-level blending techniques that provide uniform […]
Rates, The Dollar, And Inflation May Be Poised For A Big Move Higher

Rates, The Dollar, And Inflation May Be Poised For A Big Move Higher

Image Source: PexelsThe S&P 500 fell today by about 50 basis points, with the Nasdaq down roughly 65 basis points. PPI came in slightly hotter on the headline numbers, but as I reviewed with members earlier, if you strip out the components that feed into the PCE report, nearly all of those metrics were lower than […]
Financial Markets Report For Thursday, Dec 12

Financial Markets Report For Thursday, Dec 12

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, December 12.Video Length: 00:13:46More By This Author:Metal Markets Report For Wednesday, Dec 11SPDR ETF Report For Wednesday, Dec 11Financial Markets Report For Wednesday, Dec 11
Markets Take A Breather On Econ Data; COST, AVGO, RH Report Late

Markets Take A Breather On Econ Data; COST, AVGO, RH Report Late

Image Source: UnsplashStock market indexes had a down day from the start: higher producer prices from November’s PPI report and a notable increase in Weekly Jobless Claims ahead of the open today set the scene. We’re still near all-time highs on the major indexes, so taking a breather with less-than-stellar economic prints seems perfectly reasonable.Attention will now turn to next […]
USD/CAD Holds Above 1.4200 As Hot US PPI Boosts US Dollar

USD/CAD Holds Above 1.4200 As Hot US PPI Boosts US Dollar

Photo by Michelle Spollen on Unsplash USD/CAD trades with mild gains around 1.4215 in Friday’s early Asian session.  US annual PPI inflation rose to 3.0% YoY in November vs. 2.6% expected.  Trump tariff threats could undermine the Loonie, but higher crude oil prices might help limit its losses.  The USD/CAD pair posts modest gains to near 1.4215 during the early Asian […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Dec 12

Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Dec 12

Image Source: PixabayIt was more of a consolidating day for the markets from equities, to treasuries to precious metals and crypto. The NQ and ES saw some good moves early after the opening with a PPI bounce included and happening pre-market. Eventually, though, the corrective moves did begin to solidify and I update the situation for […]