Too Labored Bottoming
S&P 500 did not see convincing buying following the opening bell in the least – no surprise to clients, I had been bearish ever since the intraday update issued for them during Powell conference latter minutes. Also the macro reasons given for the slide presented earlier yesterday, offered my view on which price action scenario is to […]
December Of Discontent
It doesn’t officially start until tomorrow, but already it has been a December of discontent for bulls as breadth has been negative for a record 14 straight trading days and looks likely to extend that streak to 15. This kind of consistent broad weakness is unprecedented, and it’s reflected in the performance of the eleven […]
Italian December Confidence Data Points To Continued Economic Soft Patch
Image Source: Pexels Manufacturing and construction confidence was confirmed as weak but improved in services. Softer consumer confidence is a stark reminder that the consumption drive we anticipate for 2025 is not immune to downside risks. Consumers increasingly concerned by economic developments and future unemploymentConsumer confidence has declined for the fourth consecutive month, driven by growing concerns about […]
Government Shutdown Risk Is New Headache For US Economy
The good news is that the engine of growth for the US economy is the private sector. But the government’s share of GDP isn’t trivial, which means that a potential government shutdown that could start at midnight tonight will be a non-trivial event.How did we get into this mess? The usual path: political dysfunction in […]
USD/CAD Fails At 1.4435 And Pulls Back Below 1.4400 Weighed By A Softer US Dollar
Photo by Michelle Spollen on Unsplash The Canadian Dollar trims some losses with the USD pulling back ahead of US inflation data. The US Dollar is correcting lower against its main rivals on Friday after having rallied sharply this week. The USD/CAD has been capped at 1.4435 earlier today turning negative on the day below 1.4400 to […]
XRP Price Shows Resilience While BTC Sinks Deeper
XRP price remained stable above the $2.20 support zone. The price is consolidating and might aim for a fresh increase above the $2.40 resistance. XRP price remained stable above the $2.20 zone. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance […]
US Stocks Futures Dive Lower Over Govt Shutdown Fears Ahead Of Key Inflation Data Release
Image source: Pixabay The tech-heavy Nasdaq 100 e-minis posted the steepest drop, falling 280 points, or 1.3%. Investor sentiment was further dampened by concerns over a potential US government shutdown. Markets will closely watch the release of the November personal consumption expenditures (PCE) inflation index US stock futures fell on Friday as markets braced for […]
The Fartcoin Explosion, A Sign Of The Fed’s Failure
Western investor sentiment towards gold is at an all-time low, while we have literally been witnessing a gold rush in Asian countries for the past two years.ETF outflows persist, particularly in Europe, while India and China step up gold purchases.Why are the Chinese and Indians buying physical gold, while financial institutions in Western countries are reducing their exposure […]
US Dollar Hits Fresh Two-Year High Ahead Of PCE Inflation
The US Dollar hits another two-year high in Asian trading on Friday but retreats afterwards. Besides the US PCE inflation release, Quadruple Witching – the simultaneous expiration of four types of derivative contracts – will take place. The US Dollar Index (DXY) reached 108.55 before facing some profit-taking. The US Dollar (USD) retreats slightly on […]
Polish Consumers Show Renewed Enthusiasm In November
Image Source: Pexels November retail sales exceeded expectations as purchases continued to improve after a surprisingly weak September. Data indicates that private consumption, which hit a soft patch in 3Q24, improved again, remaining the main driver of economic growth in 2024. We see upside risk to our forecast of economic growth of 2.7% this year.Retail sales of […]
