Category Archive: Finance, No picture
Gold COT Update: Big Specs Increase Shorts
Commercial gold traders are still short, but barely. I like the format of CotPriceCharts but there is a delay in updating the charts for some reason. I highlighted the changes as noted by the current US Commodity Commitment of Traders Report. Not all of the reports are in a single link. Commercial traders (miners forward selling gold plus […]
USD/JPY Rate Recovery Susceptible To Lackluster U.S. GDP Report
Fundamental Forecast for Japanese Yen: Bearish JAPANESE YEN TALKING POINTS: USD/JPY pulls back from the weekly-high (111.49) as Fed Chairman Jerome Powell sees ‘no clear’ threat for above-target inflation, and the U.S. data prints on tap for the week ahead may continue to drag on the exchange rate as updates to the Gross Domestic Product (GDP) report are […]
Are Markets Vulnerable To White House Headlines?
(Video length 00:05:44) On the latest edition of Market Week in Review, Senior Investment Strategist Paul Eitelman and Rob Cittadini, director, Americas institutional, discussed the […]
Powell Speaks: Rate Hikes Appropriate, No Risk Of Overheating; Strong Economy To Continue
The day’s most anticipated moment arrived when moments ago Fed chair Jerome Powell released his speech titled “Changing Market Structure and Implications for Monetary Policy” which appears to have no surprises, and underscores the Fed’s gradualist policies and highlights the same key themes the Fed touched in its latest minutes, to wit it expects the “strong economy […]
Steer Clear Of The Bitmain IPO
Bitmain, the world’s leading maker of cryptocurrency mining chips, is planning to raise up to $18 billion in a Hong Kong IPO. In 2017, Bitmain produced roughly 77% of all bitcoin mining equipment, and it has a huge share of the altcoin mining hardware market as well. Bitmain generates revenue in two ways: It uses its own equipment to […]
The British Pound Finally Finds Relief – But Can It Last?
Fundamental Forecast for GBP: Neutral BRITISH POUND TRENDS MOVE FROM FEAST TO FAMINE IN 2018 It’s been a rocky past four months for the British Pound. Coming into the month of April, the currency was flying high on the expectations of tighter policy and higher rates out of the Bank of England. This was largely […]
Powell Praises The Fed, Discusses The Stars (Literally), Defends Goldilocks
In Jackson Hole, Jerome Powell gave his first speech as Fed Chairman. It was little more than a defense of Fed policy. In the Jackson Hole Wyoming symposium, Jerome Powell discussed Monetary Policy in a Changing Economy. Here are some snips: Thank you for the opportunity to speak here today. Fifteen years ago, during the period […]
DXY Index Threatens Key Break After Powell’s Jackson Hole Speech
The US Dollar (via the DXY Index) is closing in on its lows of the week established on Wednesday as traders are heading into the weekend disappointed by what they’ve heard so far at the Jackson Hole Economic Policy Symposium. As a result, the DXY Index may be poised to break trendline support going back to the […]
Gold Juniors’ Q2’18 Fundamentals
The junior gold miners’ stocks have been thrashed in August, plummeting to brutal multi-year lows. Such carnage naturally left sentiment far more bearish than usual in this forsaken contrarian sector. But these extremely-battered gold-stock prices certainly aren’t justified fundamentally. Junior gold miners’ collective results from their just-completed Q2’18 earnings season prove their stock prices need […]
