The sentiment was already positive before the release of the US jobs report as Italian bond yields were lower for the third day due to diminished political concerns following the formation of a coalition government there. When the U.S. jobs report was published, this triggered a fresh rally in risk-sensitive assets as investors were relieved […]
Solid NFP prompts mixed dollar response as stocks surge Read More »
The coming week (June 4-8) will continue trending behaviors with gold in a narrow range with strongly-trending monthly and weekly pivots. In lesser-trending order toward the least trending are the yen, S&P 500, crude oil and bitcoin. Soybeans has trending June pivots but sideways weekly pivots and a wide range intraweek to offset/weaken the moderate
Major Market Ranges & Directions for the week of June 4 Read More »
This has certainly been a rollercoaster trading week for financial markets thanks to geopolitical uncertainty and renewed trade war fears. Easing political tensions in Italy have rekindled risk appetite, ultimately resulting in global equity markets venturing higher. …read more From:: Resource Investor
NFP Preview: Wage growth remains in focus Read More »
This has certainly been a rollercoaster trading week for financial markets thanks to geopolitical uncertainty and renewed trade war fears. Easing political tensions in Italy have rekindled risk appetite, ultimately resulting in global equity markets venturing higher. …read more From:: Resource Investor
Global stocks shrug off trade war fears NFP in focus Read More »
Ahead of today’s May Nonfarm Payroll Report, there is one word that can describe the U.S. equity market this week; resilience. This market has digested every fear mongering event inching forward and awaiting the next. Tuesday morning, Italy was going break off into the Mediterranean Sea, the market battled back. …read more From:: Resource Investor
Daily markets morning round-up: E-mini S&P, gold, crude & Treasuries Read More »
Crude oil is mixed as strong market fundamentals are competing with trade and geopolitical uncertainty. If it isn’t enough to have to handicap how much OPEC and Non-OPEC producers will agree to raise output, you must balance that against political uncertainty in Europe and the fallout from steel and aluminum tariffs imposed by the Trump
Crude: So many factors, so little time Read More »
Total nonfarm payroll employment increased by 223,000 in May, and the unemployment rate edged down to 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in several industries, including retail trade, health care, and construction. …read more From:: Resource Investor
Jobs increase by 223k in May, unemployment rate edges down to 3.8% Read More »
After an extended period of historically low volatility the agricultural futures markets have sprung back to life. They have been driven by what we call The Two W’s, weather and Washington. Late spring and summer weather in the northern hemisphere is always important for our markets, but the severe problems in Brazil and Argentina have
May grains market analysis Read More »
Serious gold investors know that May has historically been a weak month for the price of the yellow metal. For the 10-year and 30-year periods, the month delivered negative returns. The general decline in enthusiasm comes before the late summer rally in anticipation of Diwali and the Indian wedding season, when gifts of gold are
Spinning Italy’s distressed bebt into gold Read More »
The United States will impose tariffs on steel and aluminum imports from the European Union, Canada and Mexico from midnight Thursday, May 31, ending months of uncertainty over potential exemptions and sharply escalating the risk of a trade war. The announcement by Commerce Secretary Wilbur Ross was sure to cast a long shadow over a
US to impose steel, aluminum tariffs on EU, Canada & Mexico Read More »
