U.S. Economic Strength and Bank Turmoil Boost the Dollar
The dollar index (DXY00 ) on Friday rose by +0.56%. The dollar Friday rose moderately on stronger-than-expected U.S. economic reports. Also, signs of strong foreign demand for dollars are bullish for the greenback after the Federal Reserve facility that gives foreign central banks access to dollar funding was tapped for...
Stocks Rally Off Morning Lows
What you need to know… The S&P 500 Index ($SPX ) (SPY ) is up +0.36%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.28%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.03%. After a opening up in the red, U.S. stock indexes...
Gold Surges to $2,000; Will the Rally Continue?
Gold prices have surged at an exceptional pace in the last month and the yellow metal is trading near all-time highs in March 2023. Will gold prices breach record levels in the next 12 months?
Gold Pings $2000, and Tech Outperforms
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Dollar Rebounds as Stocks Falter
The dollar index (DXY00 ) on Thursday rose by +0.16%. The dollar Thursday recovered from a 6-week low and posted moderate gains. A reversal in stocks Thursday sparked short covering in the dollar after the S&P 500 erased an early rally and turned lower on a slump in bank stocks....
Silver is Breaking Out, Where To?
We remain optimistic, but one must understand...
Stocks Rebound as Bank Stocks Stabilize
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +1.08%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.78%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.87%. U.S. stock indexes this morning are moderately higher as...
Why Were Markets Slammed After the Fed?
Stocks and risk-assets reversed sharply after Fed Chair Powell's press conference, but Gold and Bonds remained firm.
Dollar Slumps as Fed Projects Only One More Rate Hike This Year
The dollar index (DXY00 ) on Wednesday fell by -0.90% and posted a 6-week low. Strength in the British pound undercut the dollar after an unexpected increase in the UK Feb CPI pushed GBP/USD to a 6-week high. Also, hawkish comments Wednesday from ECB President Lagarde pushed EUR/USD up to...
What's Up at the US Fed?
The US Federal Reserve is set to raise interest rates Wednesday afternoon. That is a given. What comes next, though, is more of a mystery.