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United States

Gold Heading to $1900 as Fed Hikes Expected!

David Kindley Sep 14, 2023 64 0

Gold saw a confirmed downturn as US inflationary pressures kept prices subdued. Jobless claims and retail sales could push the yellow metal even further. With the $1900 area in sight, could this turn out to be a support handle for…
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Fundamental Analysis

OPEC Report and Press Suggest Oil Headed for $100/bbl.

Daniel John Grady Sep 14, 2023 39 0

Earlier in the week, OPEC released its monthly report, which included forecasts for next quarter's demand and supply. According to the cartel, demand in Q4 will exceed supply by over 3M bbl. That explains the recent increase in oil prices.…
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Fundamental Analysis

Fed Speakers Before Blackout: Don’t Know About Hike

Daniel John Grady Sep 8, 2023 237 0

Tomorrow is the start of the Fed's pre-rate-decision blackout period, in which members of the FOMC won't speak to the press. In anticipation of that, a bunch of them have done interviews at the end of this week. Investors have been keenly…
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Fundamental Analysis

US, China, and Shrinking Trade

Daniel John Grady Aug 7, 2023 63 0

Economists are forecasting some concerning data to be reported tomorrow. But, that doesn't necessarily mean the market will react immediately, and it could go a little under the radar. With so much attention on central banks and when they…
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Fundamental Analysis

US Debt Ceiling Meeting Postponed, and That’s Good News?

Daniel John Grady May 12, 2023 77 0

US President Joe Biden was scheduled to meet again today with congressional leaders to talk about resolving the debt ceiling. But it was abruptly postponed, without a reason given. A few hours later, it was reported that the delay was…
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Fundamental Analysis

The Last Positive US GDP Number This Year?

Daniel John Grady Apr 25, 2023 76 0

Thursday will be the biggest day for the markets this week with the concurrent release of two key data points. The US reports flash Q1 GDP, expected at 2.3% compared to 2.6% prior. Alongside that is the release of Core PCE prices for Q1,…
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Fundamental Analysis

US NFP: Will Analysts Get It Right This Time?

Daniel John Grady Apr 6, 2023 75 0

The release of US March NFP this time around is going to be unique for a couple of reasons. First, as a reminder, it's happening on Easter Friday when markets are closed. Any potential reaction would have to wait until Monday's Asian…
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Fundamental Analysis

The BOE to Hike, or Not?

Daniel John Grady Mar 21, 2023 58 0

Expectations for what the BOE will do when it meets tomorrow have been shifting quite a bit recently. Just last week, a poll of economists by Reuters showed a near universal agreement that the BOE would hike by 25bps. That was in the wake…
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Fundamental Analysis

China PMI and Risk Appetite Continuation

Daniel John Grady Feb 28, 2023 110 0

Tomorrow we get the release of PMIs from major economies around the world. With preliminary figures already reported last week for Europe, US and the UK, focus is likely to be more on China. PMIs provide an advanced look at how the economy…
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Fundamental Analysis

Worst Drop in Wall Street So Far This Year: What Happened?

Daniel John Grady Feb 22, 2023 92 0

Something of a "perfect storm" hit the markets yesterday, leading to all sectors in the US markets taking a dive. The Dow even wiped out all of its gains so far this year. The dollar also notched a gain as traders headed for safe havens.…
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