Market Overview

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...

We had a roller-coaster month of May in terms of central bank expectations. The month began with the Federal Reserve’s (Fed) decision to hold the interest rates steady, and Jerome Powell saying...

As we discussed recently, Wall Street economists increasingly believe the risk of recession has fallen sharply. To wit: “Economists don’t think the economy will get even close to a...

The "Fear of Missing Out" can cloud your judgment and lead to hasty trading decisions

Dollar traders lock gaze on core PCE index Eurozone CPIs in focus as June cut looms Tokyo CPIs may complicate BoJ’s policy plans Aussie awaits Australian CPIs and Chinese PMIs Will PCE data...

Rate cut expectations take another hit after upbeat PMIs Dollar rises to 10-day high, Nvidia (NASDAQ:NVDA) rally unable to lift Wall Street Higher for longer weighs on oil and gold Fed may not cut...

Gold Lost 2% in a Day Due to Better-Than-Expected US DataYesterday, gold (XAU) fell towards 2,328, marking a two-week low. Overall, XAU/USD lost 2.10% over the day. The main reason for the drop is...

The week hasn’t been pleasant for the market bulls. On Wednesday, the FOMC minutes showed the disturbing truth that ‘many’ Fed members wondered whether keeping the rates ‘high...

Last week, the Wall Street Journal reported that the Fed and two other U.S. banking regulators are going to significantly reduce a planned increase in capital requirements for the country's...

The recent spate of economic data continues to point to a weakening economy, but one that is not yet precipitously falling into recession.The Philly Fed Index was released late last week. The...