Gold Price Plunges As Wall Street Indices Soar
The US Economy Is Running Red Hot and Gold Is Persona Non-Grata The S&P 500 index is currently trading at 2,392.23, up 6.85% and 16.86% over the course of 1 year. The 52-week range topped out at 2,400.98, with a low of 1,991.68. For binary options traders, all these numbers may seem irrelevant to the […]
BoJ Raises Economic Assessment While Keeping Policy Steady
Bank of Japan April Meeting Summary: Interest rates left unchanged at -0.10% QQE purchases unchanged at 80 trillion yen 2017 – 2018 GDP forecasts increased from 1.5% to 1.6% 2017 – 2018 (core) inflation forecasts reduced from 1.5% to 1.4% Inflation goal expected to be reached by April 2018 As widely expected, the Bank of […]
GBP: When Will The GBP Peak? Where To Target? – NAB
The pound is on the move higher after the elections announcement. After the initial move, it consolidated its gains. What’s next? Here is their view, courtesy of eFXnews: NAB FX Strategy Research notes that GBP has surged since the announcement of early UK elections. In that regard, NAB argues that while there are several reasons for the […]
The Main Highlights In Trump’s Sweeping Tax Reform Proposal
In brief, the tax reform was largely in line with what was leaked and what was expected. Small surprises: the tax bracket for high income earners was 2% more (at 35%) than what Trump campaigned on, and the standard deduction has been doubled so that no married couple pays tax on their first 24k earned, […]
Amazon Q1 Earnings Preview: How Much Will AWS Grow?
In what promises to be one of the busiest days of season, several of the world’s biggest tech companies, including the likes of Alphabet (GOOGL – Free Report) and Microsoft (MSFT – Free Report) , are set to post their latest reports on Thursday. Nevertheless, investors can expect internet behemoth Amazon (AMZN – Free Report) to hog the attention when it […]
Gold Rebounds From Two-Week Lows
Gold rose on Wednesday, edging away from two-week lows reached in the previous session, as lower prices enticed buyers back to the market. The market’s focus is now on the ECB’s monetary policy meeting. The key levels remain unchanged, as the market continues to consolidate between the daily Tenkan-sen (nine-period moving average, red line) and […]
Trump Cries Wolf – Backs Down On NAFTA Cancellation Already: “Trump’s Bluff Didn’t Come Off”
In a few short hours Trump when from threatening to pull the plug on NAFTA (again), to stating “It is my privilege to bring NAFTA up to date through renegotiation.” In the here we go again category, please consider Donald Trump will not terminate NAFTA treaty after ‘pleasing talks with Canada & Mexico’. The President congratulated […]
BOJ Holds Policy Stable, Sends Optimistic Signs
The Bank of Japan ended its policy meeting on Thursday with a commitment to keep monetary policy unchanged. The BOJ signaled confidence that an increase in overseas demand will help support the country’s economic recovery. The central bank cut its inflation forecast marginally for this fiscal year and hinted that it will maintain its aggressive […]
Trump’s Disappointing Flip-Flop On The Export-Import Bank
President Donald Trump has apparently changed his mind about eliminating the crony Export-Import Bank, opting to “reform” the swamp rather than drain it. As bad as this flip-flop is, his excuses for doing so are downright pitiful. Billions of taxpayer dollars will go to foreign firms to purchase exports from favored multinational companies. As a […]
US Consumers Tap Out: Credit Card Defaults Surge To 4 Year High And It’s Getting Worse
Two weeks ago, when JPMorgan launched Q1 earnings season, we noted that while the results were generally good, one red flag emerged: the company’s credit card charge offs rose to just shy of $1 billion, the highest in four years. It wasn’t just JPM: all other money-center banks reported similar trends, so we decided to look […]
