XAG/USD Falls To Near $31.00 After Breaking Below Ascending Channel
Image Source: Pixabay Silver price extends its losses amid a momentum shift to bearish from bullish bias. The emergence of the bearish bias is confirmed as the 14-day RSI breaks below the 50 mark. XAG/USD may find immediate barriers at the 14-day EMA at $31.17, aligned with the nine-day EMA at $31.22. Silver price (XAG/USD) extends its […]
Gold Price Surrenders Major Part Of Intraday Gains; Downside Potential Seems Limited
Image Source: Pixabay Gold price struggles to capitalize on its modest intraday gains amid mixed fundamental cues. Expectations for a less dovish Fed and elevated US bond yields cap gains for the XAU/USD. Geopolitical risks, trade war fears and Fed rate cut bets could lend support to the precious metal. Gold price (XAU/USD) surrenders a major part […]
These 2 Mag 7 Members Just Broke All Time Highs
Image Source: PexelsRecently, several Mag 7 members – Tesla (TSLA – Free Report) and Alphabet (GOOGL – Free Report) – have hit fresh all-time highs, reflecting considerably bullish momentum. Stocks making new highs tend to make even higher highs, particularly when a company’s outlook remains positive.Should investors tap into the momentum? Let’s take a closer look at how each titan […]
Metal Markets Report For Thursday, Dec 12
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:11:21More By This Author:Financial Markets Report For Thursday, Dec 12Metal Markets Report For Wednesday, Dec 11SPDR ETF Report For Wednesday, Dec 11
Bonds Try To Weigh On A Market Trying To Look Past Stabilizing Inflation
Image Source: PixabayThe Consumer Price Index (CPI) for November met “expectations”. As a result, the latest confirmation that inflation is stabilizing and stopping short of the Federal Reserve’s target did not seem to bother the stock market. It is still possible for the market to look past the aggregate inflation dynamic by focusing on components like […]
WTI Consolidates Around $69.65-$69.70 Area, Below Monthly Peak Set On Thursday
Image Source: Pixabay WTI oscillates in a narrow trading band and is influenced by a combination of diverging factors. Concerns about slowing fuel demand and increasing supply act as a headwind for the commodity. Geopolitical risks remain in play and hold back bears from placing bets around the black liquid. West Texas Intermediate (WTI) US Crude […]
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
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 […]
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
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 […]
