Market Overview

Consumer inflation in Australia rose in April, contrary to the expected decline. Year-on-year price gains totaled 3.6% vs. 3.5% previously and average forecasts of a decline to 3.4%.The inflation rate...

This article follows part one, which discusses the massive investment dollars that will be spent expanding and modernizing the power grid to facilitate demand from AI data centers and EV users.With...

US stock indices under pressure as yields climb German CPI could dictate next week’s ECB rhetoric Yen underperformance lingers; all eyes on Friday’s Tokyo CPI Dollar rallied on Tuesday, US stock...

Gold Rose Despite Strong US Consumer Confidence DataXAU/USD rose by 0.43% on Tuesday despite higher-than-expected US CB Consumer Confidence figures. The Conference Board (СВ) reported on...

The first day back after the long weekend brought traders back down to earth. A weak sale of US 2-year and 5-year notes, and Federal Reserve’s (Fed) Neel Kashkari’s comments that the Fed...

A broad set of US economic indicators continue to show that the odds are low that an NBER-defined recession has started or is imminent. This profile upends the dark narrative favored in some quarters....

Dollar extends slide on thin holiday trading More Fed officials to step onto the rostrum Euro gains ahead of key inflation data Wall Street set to open higher, oil rebounds Will Fed officials come to...

Hello traders, I hope you had a fantastic weekend!Some traders were off yesterday due to the holidays in the US and UK, so the market could have started off slow. However, the rest of the week is...

Yesterday was a slow Monday. The US and the UK markets were closed, the news flow was light and the trading volumes were thin.The barrel of US crude trades a touch below its 100-DMA. The tense...

The Q2 ’24 Atlanta GDP Nowcast is projecting mid 3% GDP for the 2nd quarter, 2024.The scheduled GDP release this Thursday, May 30, ’24, is the 2nd look at Q1 ’24 GDP and the 2nd...

Market Overview: S&P 500 Emini FuturesThere was no weekly S&P 500 Emini follow-through buying following last week’s breakout above the March 21 high. The bulls see this week simply as a...

US dollar stabilizes after profit-taking pullback Investors agree with Fed’s ‘higher for longer’ view Wall Street rebounds as AI remains main driver Gold gains, but remains well off...

Gold Slightly Corrected Upwards After a 3% DeclineThe gold (XAU) price fell 3.33% over the last week. However, XAU/USD rose slightly from 2,330 towards 2,340 on Friday. Gold fell too rapidly last...

It will be a holiday-shortened trading week, with markets in the US Closed today for Memorial Day. We had some typical holiday-like price action on Friday, with light trading volumes and the typical...