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Archives by Year:
Healthy Central Bank Gold Buying Continued In February
Image Source: Unsplash Central banks continued to add to their gold reserves in February, albeit at a slightly slower pace.On net, global central bank gold reserves increased by 19 tons in February with some selling pushing down that total. It was the ninth straight month of net central bank gold buying.China was the biggest buyer in […]
Jobs Up 303,000 Full Time Employment Down 6,000 In March
Nonfarm payrolls and employment levels from the BLS, chart by Mish.From September 2020 through early 2022, nonfarm payroll job gains and full time employment changes tracked together.Starting around March of 2022, a divergence between employment and jobs became very noticeable, and I have been discussing the divergence since then.Payrolls vs Employment Gains Since March 2023 […]
Is The S&P 500 Flashing A Spring Sell Signal?
The stock market has been red hot over the past 5 months or so with both the S&P 500 and Nasdaq sporting big gains.But as we will see in today’s “weekly” chart of the S&P 500 Index, the seasonal start of Winter, Spring, Summer, and Fall can sometimes be a time for directional changes.“The facts, Ma’am. […]
Canada Is Now Experiencing A Hard Landing
Photo by Jp Valery on Unsplash Evidence is piling up that the Bank of Canada is not able to engineer the vaulted soft landing after a brutal series of rate hikes. Economists were so sure that this rate cycle would be managed in a way that inflation would moderate sufficiently to meet the target of […]
Too Hot To Handle: Gold Due For A Correction?
With gold hitting yet another awe-inspiring all-time high in the wake of Powell’s remarks reassuring markets (more or less) to expect rate cuts in 2024, a few analysts are pointing out risk factors for a correction — so is there really still room to run?The Wall Street Journal points out that oil price spikes driven by the […]
Analytical Overview Of The Main Currency Pairs – Friday, April 8
Image Source: Pexels The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0834 Prev Close: 1.0833 % chg. over the last day: -0.01 % The US dollar fell to lows on Thursday after weekly US jobless claims rose more than expected to a 2-month high, dovish for Fed policy. But by the end of the trading session, the […]
Sensex Today Ends 21 Points Higher; Banking Stocks Gain
After opening the day low, Indian share markets turned positive as the session progressed and ended the day higher.Benchmark indices stayed in the negative zone on Friday after the Reserve Bank of India’s Monetary Policy Committee (MPC) kept the repo rate unchanged at 6.5% in FY25’s first monetary policy. The decision was taken with a majority […]
Key Events In Developed Markets For The Week Of April 8
Image Source: Pixabay The main focus in developed markets next week will be US CPI data for March, which we expect will still be running too hot for a return to the key 2% target. Meanwhile, GDP data takes the spotlight in the UK, and we expect to see signs pointing to a first-quarter rebound. US: Core CPI print to be […]
March Jobs Report: Almost Uniformly Positive, Making A “Soft Landing” The Default 2024 Scenario
Image Source: Pixabay In the past few months, my focus has been on whether jobs gains are most consistent with a “soft landing,” i.e., no further deterioration, or whether deceleration is ongoing; and more specifically: Whether there is further deceleration in jobs gains compared with the last 6 month average, vs. a “soft landing” stabilization. Whether the […]
U.S. Economy Added 303k Jobs In March, More Than Expected
Image source: Pixabay The U.S. economy added 303,000 jobs in March, with significant gains in the healthcare, government, and construction sectors.The U.S. economy witnessed a substantial boost in employment in March, with nonfarm payrolls increasing by 303,000, according to the latest report from the Bureau of Labor Statistics. The healthcare, government, and construction sectors observed the most significant […]
