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The news and analysis archive

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The news and analysis archive
Wall Street in Santa mood on chip stimulus and policy boost

Wall Street in Santa mood on chip stimulus and policy b...

·         Gold waved on uncertainty about an imminent Gaza war ceasefire; oil buoyed as Biden may impose fresh sanctions on Russian oil shipment ·         Big Techs and Chip stocks...

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Gold surged on US shutdown drama and softer core PCE inflation

Gold surged on US shutdown drama and softer core PCE in...

·         Wall Street also recovered from the Fed panic low on renewed hopes of another Fed rate cut in March, but Nov’24 core PCE inflation is in line with the Fed estimate ·     ...

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20
Dec

U.S. Core PCE Price Index, UoM Consumer Sentiment & Inf...

The U.S. dollar continues to move higher against most major currencies on Thursday, with the dollar index adding a total of 1.24% to its value on the weekly chart, following hints ...

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19
Dec

BOE Monetary Policy Statement, U.S. GDP & Jobless Claim...

The U.S. dollar gained sharply against most major currencies, with the dollar index hitting two-year highs on Wednesday, following the Federal Reserve's widely expected interest ra...

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Hawkish Fed cut spoiled year-end Santa rally at Wall Street

Hawkish Fed cut spoiled year-end Santa rally at Wall St...

·         Gold, Stocks slid even after the expected Fed rate cut as it projected a 50 bps cumulative cut in 2025 instead earlier 100 bps ·         Fed already cut an additional 50 ...

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18
Dec

FOMC Statement, U.S. Building Permits & Housing Starts

The U.S. dollar gained against most major currencies on Tuesday as U.S. retail sales surged 0.7% in November, exceeding expectations and bolstering economic optimism. This occurred...

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Wall Street, Gold waved ahead of Fed’s expected 25 bps cut

Wall Street, Gold waved ahead of Fed’s expected 25 bps ...

·         The latest US retail sales data shows a resilient US economy, solid consumer spending, robust labor market, and controlled inflation ·         Fed may cut another 100 bps...

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17
Dec

ZEW Economic Sentiment, U.S. Core Retail Sales, U.S. In...

The U.S. dollar was almost unchanged against most major currencies on Monday as Investors are wary ahead of the Federal Reserve's interest rate decision on December 18th. While a r...

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Is the ECB pushing EURUSD to parity to fight Trump trade war 2.0?

Is the ECB pushing EURUSD to parity to fight Trump trad...

·         EU is the biggest victim of the Ukraine war and US/Trump trade war policies; EURUSD now turning into a carry trade currency rather than a growth currency ·         Also l...

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16
Dec

In the week ahead: U.S. Retail Sales, FOMC Statement, C...

The U.S. dollar gained strength in the past week, appreciating against most major currencies, with the dollar index up by 0.66% on the weekly chart.  Recent U.S. economic data sugg...

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US PPI and CPI data indicate stalled core disinflation in Q4

US PPI and CPI data indicate stalled core disinflation ...

·         But despite unfavorable data and Trump policy uncertainty, the Fed may cut 25 bps next week for a cumulative 100 bps cut in 2024 and a repo rate of 4.50% ·         Fed ma...

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13
Dec

U.K. GDP, U.S. Import Prices, Eurozone Industrial Produ...

The U.S. dollar gained strength once again on Thursday, appreciating against most major currencies. The dollar index has risen by 0.31%, crossing above the 107.0 mark ahead of the ...

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Gold slips on renewed hopes of Gaza & Ukraine war ceasefire

Gold slips on renewed hopes of Gaza & Ukraine war cease...

·         Wall Street closed mixed as Broadcom boosted NQ-100, while Nvidia and Boeing dragged DJ-30 on the concern of Trump trade war 2.0 ·         The market is now expecting an ...

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12
Dec

ECB Rate Statement, U.S. Core PPI, U.S. Jobless Claims

The U.S. dollar has shown resilience once again on Wednesday, appreciating against most major currencies. The dollar index has risen by 0.25% after U.S. CPI data came in line with ...

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Dow slid on stalled core disinflation and Trump trade tantrum

Dow slid on stalled core disinflation and Trump trade t...

·         But despite stalled core disinflation and stable employment, the Fed may cut on 18th December as the Fed may have made a policy mistake by not cutting in H1CY24 ·        ...

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11
Dec

U.S. CPI, Federal Budget Balance, BOC Rate Statement

The U.S. dollar showed some resilience against most major currencies in recent sessions, with the dollar index up for a third session in a row, gaining 0.24%. Market attention is n...

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10
Dec

OPEC Meetings, Gamestop Earnings, U.S. Revised Nonfarm ...

The U.S. dollar posted a moderate increase against most major currencies on Monday, with the dollar index up by 0.19% after dropping to monthly lows last week. Market attention is ...

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Wall Street slips on fading hopes of Fed rate cut in Dec’24

Wall Street slips on fading hopes of Fed rate cut in De...

·         Gold surged as China’s PBOC may have resumed buying the precious metal to diversify from UST after a brief pause since May’24 (long-term strategy) ·         Fed talks aft...

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9
Dec

In the week ahead: U.S. Core CPI, BOC & ECB Rate Statem...

The U.S. dollar recovered against most major currencies on Friday, with the dollar index up by 0.23% after dropping to monthly lows, amid a disappointing jobs report, featuring hig...

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Fed may pause in December as US labor market remains stable

Fed may pause in December as US labor market remains st...

·         On early Monday, Dow Future was buoyed by Chinese stimulus optimism, while Nasdaq slumped on talks of Chinese regulatory action on Nvidia’s alleged monopoly ·         Gol...

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