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“Early Signs Of Rebound”: Manhattan Home Prices Rise For First Time In Year

“Early Signs Of Rebound”: Manhattan Home Prices Rise For First Time In Year

Image Source: UnsplashFor the first time in a year, Manhattan home prices in the fourth quarter rose as homebuyers came off the sidelines after the Federal Reserve’s pivot led to a plunge in mortgage rates, laying the groundwork for a re-acceleration in the borough’s housing market this spring. Bloomberg cites new data from appraiser Miller Samuel Inc. and brokerage Douglas […]
GBP/USD Rises Toward 1.2700 Ahead Of US Nonfarm Payrolls

GBP/USD Rises Toward 1.2700 Ahead Of US Nonfarm Payrolls

Image Source: Unsplash GBP/USD gains ground as the US Dollar moves in the negative territory. Low-impact upbeat UK data might have reinforced the strength of the British Pound. Upbeat US labor data limited the losses of the Greenback. GBP/USD continues its winning streak for the third successive day, trading higher around 1.2690 during the Asian session on […]
Index Reflections

Index Reflections

Image Source: PexelsI come to you from the Delta Sky Club with a head hanging low, burdened by the guilt of a lack of content. I have a lengthy plane flight ahead where I can stockpile up some posts. Let’s just take a stroll through eight major index charts while I share a few words about […]
Asia Morning Bites For Friday, January 5

Asia Morning Bites For Friday, January 5

Image Source: UnsplashGlobal Macro and Markets Global Markets: US Treasury yields pushed higher again on Thursday as macro data held firm. The yield on the 2Y note rose 5.4bp to 4.385%, while that on the 10Y rose 8.3bp taking it to 3.999% though it did push briefly above 4%. This didn’t do much for the USD, and […]
Metals Report For Thursday, January 4

Metals Report For Thursday, January 4

Image Source: UnsplashIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:14:53More By This Author:SPDR ETF Report For Wednesday, January 3Financial Markets Report For Wednesday, January 3Metals Report For Wednesday, January 3
Crystal Ball Season

Crystal Ball Season

Image Source: UnsplashMARKETSThursday’s trading session brought a mix of New Year blessings, with the Dow Jones Industrial Average rising modestly, the S&P 500 declining, and the Nasdaq ending lower. As global investors assess the S&P 500’s decline, it raises questions about its potential role as a leading indicator for global stocks this year, given the heavy […]
Not Too Hot, Not Too Cold, The Jobs Report Needs To Be Just Right

Not Too Hot, Not Too Cold, The Jobs Report Needs To Be Just Right

Image Source: PixabayThe S&P 500 dropped by around 35 bps on the day, with most of the decline coming in the final minutes. Today, there was a large sell imbalance that was $4.1 billion, which helped to create that wave of selling into the close.The level of support was 4,700, which has been the important level for a […]
‘Goldilocks’ Gored By Growth Gains; Bitcoin Bounces As Rate-Cut Hopes Hammered

‘Goldilocks’ Gored By Growth Gains; Bitcoin Bounces As Rate-Cut Hopes Hammered

Strong jobs data (ADP jobs added more than expected, slowing wage growth, and initial jobless claims at 2023 lows) and strong Services economy survey data (PMI at 5 month highs) prompted higher Treasury yields today, and sent rate-hike expectations tumbling for March…Source: BloombergIn the words of one veteran trader (who happens to be long and wrong), “the growth’s just too […]
3 Top-Ranked Small-Caps Delivering Large Gains

3 Top-Ranked Small-Caps Delivering Large Gains

Image Source: UnsplashSmall-caps have found plenty of buyers over the last few months, undoubtedly a welcomed development as investors look to find strength outside of large-caps.Many small-cap stocks turn out to be big winners in the long run, and they typically have less analyst coverage, providing investors an opportunity to get in somewhat “early” before the […]
AUD/USD Falls Back To 0.6700 As Aussie Grinds Lower

AUD/USD Falls Back To 0.6700 As Aussie Grinds Lower

Image Source: Unsplash The Aussie is down 0.4% against the Greenback as the AUD deflates. Thursday’s early risk-bid on China PMI beats gave way to pre-NFP positioning. USD NFP Friday to close out the first trading week of 2024. The AUD/USD continued to backslide on Thursday, slipping back into the 0.6700 handle after a short-lived rally sparked by […]