Nvidia reported another blowout earnings report in its first-quarter results, and its stock is soaring to record highs above $1,000 per share on Thursday. The company reported revenue and profit that surpassed analyst estimates and offered second-quarter revenue guidance that was well ahead of Wall Street's expectations. On top of that, the company announced a...
The yields within the bond market are hinting towards a reversal in Gold and potentially other metals today, however, Gold right now is sitting at the HOP level of a Bearish Alt-Bat. If GLD were to reverse here, we would see it as a type 2 return which could result in Bearish price-Action beyond just the intra week but extended to the entire macro trend as a...
Gold prices traded higher midafternoon on Wednesday as a report showed US inflation is still high. Gold for June delivery was last seen up, again near US$2,400 per ounce. The US Bureau of Labor Statistics on Wednesday reported the April consumer-price index rose by 0.3% from March. Shelter, gas prices remain sticky. Notable call-outs from the inflation print...
The U.S. Government Bonds 10 YR Yield (US10Y) is expanding the new Bullish Leg, and continues to follow the buy signal we gave on January 24 (see chart below): Last week it tested the 1D MA200 (orange trend-line) as a Support, for the first time since April 01 and held. As a result, we expect it to resume the Bullish Leg, the same way it did on July 19 2023...
Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’, as in recent interview to Bloomberg JPMorgan CEO has warned for months that rates could stay high. Jamie Dimon said he’s still more worried about inflation than markets appear to be. The JPMorgan Chase & Co. chief executive officer said significant price pressures continue to influence the US economy...
Investors are still weightening the latest inflation data posted during the previous week. Posted inflation figures were in line with the market estimate. Inflation rate reached 3.4% on a yearly basis, while core inflation eased to 3.6% in April. By putting it into a perspective of jobs data and consumer sentiment, inventors are perceiving that the first rate cut...
Crash Zone highlighted in Red. Fair warning is given as well; "Sell Sell Sell"
Inflation is finally cooling off as inflation gradually loosened its grip on Wall Street and the economy in 2023, raising hopes for a gentler Federal Reserve and further gains for the market in 2024. Stocks rallied to their best 9-weeks stripe over the past 20 years in November and December, 2023 (so-called 'Santa Rally') as investors raised their bets that the...
Some weekly consolidation; Possible yields haven't topped yet. These inflection points lead to weekly and monthly trend changes which I will be looking for a potential spike as momentum shifts back down and rates test the keltner channel mid or upper line. There is also a possibility that rates breakout of the resistance (trend change) of this bullish leg from...
DXY retracement from it's last peak seems to have bottomed out, and is starting the next leg up to retest highs. Inflation is driving rates back up, or holding them up. While bonds occasionally sell off and yields rise. I imagine either other countries start lowering yields to prevent banking failures, or the US starts increasing yields to avoid dollar debt...
World's most important and the largest financial market is the US Treasury. Annual issuance of U.S. Treasuries has exploded. A record USD 23 trillion of treasuries were issued in 2023. This market is experiencing gradual but notable shifts due to the Federal Reserve (Fed) recent tapering of quantitative tightening and the Treasury buyback. Collective impact has...
Moves in Treasury yields during the previous week are showing that the market has already priced all known information, and waiting for new ones in order to decide on a further action to the up or downside. The 10Y Treasury benchmark was moving between levels of 4.51% down to 4.42% on one occasion. The majority of deals were around the 4.5% level. It should be...
There are several factors that can drive gold prices up in long term. Some of the key factors include: 1. Global Economic Uncertainty: Gold is often seen as a safe-haven asset during times of economic uncertainty or market volatility. Investors tend to flock to gold as a store of value when traditional investments like stocks and bonds are perceived as risky. 2....
During the previous period the market was trying to price its expectations of a less than three rate cuts during the course of this year, giving up on the Fed's announcement from the latest FOMC meeting. The meeting held on May 1st, showed that the market was right in its assumptions, considering that the emerging US inflation might put halt on rate cuts this...
BTC has reached the top around US$ 73700 on March 14, 2024 as it was clearly explained in previous publication. Since that it's gone around 1 month till now, and no one new high was printed in BTC. Bulls fade. Robust gain de-established. Upside bubble-alike trend transformed into detrend structure with flat top near US$ 73000 per BTC. RSI (14) is sluggish...
Price creeping closer to our 'selling confirmation' zone. This will be a safe entry for those who want a more definite reason to go short on Gold. Strict risk management required.
Released data for the US economy during the previous week could point to the stagflation moment in the US during the course of this year. Posted data for core Personal Consumption Expenditures Price index show that in March it increased by 2.8% on a yearly basis, from 2.6% expected by the markets. At the same time, the first estimate for the US GDP Growth Rate was...
Introduction: I won't have many comments on the US 10-Year Treasury Bonds (US10Y) as the statements made by Chairman Powell could alter the chart. In my estimation, it seems unlikely that there will be further interest rate cuts for a while, which could have positive implications for the price of gold. Technical Analysis: The chart for US 10-Year Treasury Bonds...