EUR/USD Slumps As ECB Rate Call Looms Ahead
Image Source: Pixabay EUR/USD shed barely a tenth of a percent on Monday. Despite limited movement, Fiber eased back from 1.0600. US CPI inflation, ECB rate call in the barrel for the mid-week. EUR/USD trimmed its stance slightly on Monday, easing back away from the 1.0600 handle after facing a technical rejection from the key level […]
700,000 People Just Lost Their Job… What’s Next For The Economy?
Image Source: Pexels The BLS labor data had a chance to show that October’s weakness really was just a combination of one-off factors, instead did everything to confirm that it wasn’t those at all. That includes the headline payroll number, too. Unemployment is up and, when you properly account for everyone, up A LOT. Just like […]
Russell 2000 Tags Support
Bears ultimately won out, but it was not Semiconductors that suffered, but the Russell 2000 (IWM) instead. I had talked about the Rusell 2000 as the bullish play for today, but in the end, it couldn’t deliver. However, despite today’s loss it didn’t undercut 20-day MA support, although the ‘sell’ trigger in the MACD expanded […]
Argentina’s Economic Challenge In Context
When those outside Argentina discuss Javier Milei, who took office as President of Argentina in December 2023, I sometimes feel as if they are actually saying how they would feel if Milei was elected in their own country. For example, Milei has in a year cut Argentina’s government spending by 30% in real terms. So US-based […]
5 ETFs For Smart Holiday Season Investing
Image Source: Pixabay The holiday season started on a strong note with online and in-store shopping surging on early sales promotions from retailers. The skyrocketing stock market backed by the Trump bump, Fed rate cuts and AI boom has laid a strong foundation for the festive period amid difficult weather trends and a shorter holiday calendar. Consumer […]
Rates Spark: CPI Tuesday A Test For Longs
U.S. rates are running a tad scared ahead of Tuesday’s CPI report. And it’s a week of high duration supply to boot. We’re still eyeing lower yields, but this week is pushing against that. Implied volatility of EUR rate markets suggests that near-term risks have fallen. Having said that, going into 2025 we see plenty […]
Stocks And Precious Metals Charts – Stocks Slumped Today
Stocks slumped today, and failed to recover even into the close.They were incredibly short term overextended.Gold and silver rallied sharply after the Non-Farm Payrolls and Option Expiration smackdowns.Wash – rinse -repeat.Bitcoin backed off further from its attempted takedown of $100,000.VIX ticked upward slightly but there was no real fear in the markets today.Have a pleasant […]
Dow, Nasdaq Shed Triple Digits As Nvidia Weighs
Tech stocks finally showed some weakness today, as Nvidia (NVDA) weighed on the outperforming sector. The Nasdaq took triple digits off Friday’s record close, while the Dow clocked its third-straight triple-digit loss. The S&P 500 also finished lower, as profit taking gripped Wall Street. Against this backdrop, the Cboe Volatility Index (VIX) logged its best single-session […]
BTC Report: MSTR Ups Holdings To 423,650 Bitcoins With $2.1B Purchase
Image courtesy of 123rf.com November was remarkable for the cryptocurrency market, with Bitcoin (BTC) making big headlines. The total crypto market cap surged by 45%, marking an unprecedented monthly return. However, amidst these gains, notable developments affected Bitcoin’s legal and market landscape. El Salvador announced changes to its Bitcoin Law in anticipation of a new IMF deal, and […]
Softs Report – Monday, Dec. 9
COTTON General Comments: Cotton was lower last week after a weaker weekly export sales report and the trends are turning down. There was not much in the way of news or action in outside markets to spur Cotton in one direction or the other. Selling came from news that Trump will impose some big tariffs […]
