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 […]
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
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
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 […]
EUR/USD Pushed Into A Fifth Straight Loss, Falls Below 1.05 Again
Image Source: Pixabay EUR/USD backslid 0.2% on Thursday, shedding the 1.0500 handle. The ECB delivered a widely-expected double rate cut on Thursday. Tepid data docket awaits Fiber traders on Friday. EUR/USD backslid a fifth straight trading day on Thursday, falling another one-fifth of one percent and declining further away from 1.0500. Fiber eased lower for for […]
Canadian Dollar Tumbles After Turdeau Reportedly Weighs Export Tax On Uranium, Oil
Photo by Michelle Spollen on UnsplashIn a cute show of strength, Canada has flexed its tiny muscles for a second day in a row and in what it believes is an attempt to intimidate the Trump admin, has threatened to cut off its biggest customer from the one thing that keeps Canada’s economy running (hint: it’s not illegal aliens […]
U.S. Tariff Pass-Through On Chinese Imports Is High
So be prepared. From Feng, Han, and Li (2023): As noted in the article, machinery, electronics and optical equipment accounted for a lot of imports as a share of total US imports for these categories, so these pass-through coefficients pertain to substantial amounts of imports.Now, I can’t say the high pass-through estimates are a surprise, given Cox […]
Printing Power: The Central Bank And The State
Image Source: Pixabay This essay is adapted from a speech delivered at the Mises Institute’s Supporters Summit in Hilton Head, South Carolina, on October 12, 2024.“Printing Power” in our title has a double meaning: It can mean “printing power”—the power to print money, which central banks have. But we will focus on “printing power”—the central bank’s […]
Rates Spark: Not As Dovish As Hoped
The European Central Bank cut by 25bp as widely expected but EUR rates moved higher coming out of the press conference with the belly underperforming. Lagarde sounded more balanced than a central bank geared to supporting growth if pressed. Up next is the Fed next week. We look at a technical adjustment in the works for the Fed’s reverse repo […]
