Latest News
Gold Rush: Central Banks Drive Record Demand in First Quarter
Hedder - Thu May 2, 12:49AM CDT
Hedder
Thu May 2, 12:49AM CDT
Central banks worldwide continued their strong appetite for gold, setting a new first-quarter record for net purchases, according to the latest report by the World Gold Council. Global official gold reserves grew by a net 228 tonnes in Q1 2024, surpassing the previous Q1 record set in 2013 and marking a 68% increase compared to the five-year quarterly average.
Dollar Slides and Gold Jumps as Powell Downplays a Fed Rate Hike
Barchart - Wed May 1, 2:32PM CDT
Barchart
Wed May 1, 2:32PM CDT
The dollar index (DXY00 ) Wednesday retreated from a 2-week high and fell by -0.35%. The dollar today gave up early gains and turned lower as bond yields dipped from weaker-than-expected US economic news on Mar JOLTS job openings and the Apr ISM manufacturing index. Losses in the dollar accelerated...
Markets are Mixed After FOMC
Barchart - Wed May 1, 10:06AM CDT
Barchart
Wed May 1, 10:06AM CDT
The S&P 500 Index ($SPX ) (SPY ) is down -0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.29%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.23%. The market is mixed the FOMC was released this afternoon. Chairman Jerome Powell announce no...
Dollar Slightly Weaker as Bond Yields Dip Before the FOMC Meeting
Barchart - Wed May 1, 9:36AM CDT
Barchart
Wed May 1, 9:36AM CDT
The dollar index (DXY00 ) this morning fell back from a 2-week high and is down -0.05%. The dollar today gave up early gains and turned lower as bond yields dipped from weaker-than-expected US economic news on Mar JOLTS job openings and the Apr ISM manufacturing index. The dollar today...
Stocks Fluctuate After FOMC Decision
Barchart - Wed May 1, 8:59AM CDT
Barchart
Wed May 1, 8:59AM CDT
The S&P 500 Index ($SPX ) (SPY ) is up +0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.47%. The FOMC was released this afternoon . Chairman Jerome Powell announced no change in the...
2 Top ETFs to Invest in the 'Inevitable' Copper Boom
Barchart - Tue Apr 30, 4:12PM CDT
Barchart
Tue Apr 30, 4:12PM CDT
Explore the potential of investing in copper through two key ETFs, which are poised to benefit from increasing demand for the metal in AI and renewable energy initiatives.
Dollar Rallies Ahead of an Expected Hawkish FOMC Wednesday
Barchart - Tue Apr 30, 2:35PM CDT
Barchart
Tue Apr 30, 2:35PM CDT
The dollar index (DXY00 ) on Tuesday rose to a 1-week high and finished up by +0.60%. The dollar rallied Tuesday after T-note yields jumped when the US Q1 employment cost index rose more than expected, a sign of wage pressures and a hawkish factor for Fed policy. Falling stock...
Pan American Silver (PAAS) Rally in Impulsive Structure
Elliott Wave Forecast - Tue Apr 30, 1:31PM CDT
Elliott Wave Forecast
Tue Apr 30, 1:31PM CDT
Pan American Silver (PAAS) is a well-established Canadian silver mining company operating globally. It has assets primarily in the Americas, including Mexico, Peru, Bolivia, and Argentina. Known for its extensive experience and diversified portfolio, PAAS engages in exploration, development, and production of silver, gold, zinc, lead, and copper.
Gold and Silver Show the Way
Sunshine Profits - Tue Apr 30, 10:45AM CDT
Sunshine Profits
Tue Apr 30, 10:45AM CDT
Both key precious metals moved decisively lower today, which is in perfect tune with their recent price patterns.
Stocks Weaken as Rising US Wage Costs Curb Fed Rate Cut Expectations
Barchart - Tue Apr 30, 10:05AM CDT
Barchart
Tue Apr 30, 10:05AM CDT
The S&P 500 Index ($SPX ) (SPY ) this morning is down -0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.19%. US stock indexes this morning are moderately lower. Rising labor costs are pushing...
Dollar Climbs and Gold Falls as US Labor Costs Accelerate
Barchart - Tue Apr 30, 9:32AM CDT
Barchart
Tue Apr 30, 9:32AM CDT
The dollar index (DXY00 ) today is up by +0.28%. The dollar is moving higher today after T-note yields jumped when the US Q1 employment cost index rose more than expected, a sign of wage pressures and a hawkish factor for Fed policy. Falling stock prices today are also boosting...
Stocks Slip as Rising US Labor Costs May Keep the Fed Hawkish
Barchart - Tue Apr 30, 8:52AM CDT
Barchart
Tue Apr 30, 8:52AM CDT
The S&P 500 Index ($SPX ) (SPY ) this morning is down -0.29%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.48%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.35%. US stock indexes this morning are moderately lower. Rising labor costs are pushing...
Elliott Wave Intraday Analysis on GDX: Further Rally Expected
Elliott Wave Forecast - Mon Apr 29, 10:54PM CDT
Elliott Wave Forecast
Mon Apr 29, 10:54PM CDT
Short Term Elliott Wave View on (GDX) suggests that rally to 35.74 ended wave 3 on April 12, 2024. From there, the ETF pullback as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 33.44 and wave (b) ended at 34.35.
Dollar Eases on Weaker T-Note Yields and a Stronger Yen
Barchart - Mon Apr 29, 2:30PM CDT
Barchart
Mon Apr 29, 2:30PM CDT
The dollar index (DXY00 ) on Monday fell by -0.29%. The dollar on Monday posted moderate losses, weighed down by lower T-note yields. Also, Monday’s stock rally reduced liquidity demand for the dollar. In addition, strength in the yen undercut the dollar on reports that Japanese authorities intervened in the...
Strong Q1 Earnings and Lower Bond Yields Boost Stocks
Barchart - Mon Apr 29, 10:10AM CDT
Barchart
Mon Apr 29, 10:10AM CDT
The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.26%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.24%. US stock indexes this morning are moderately higher, with the S&P 500 and...
Dollar Slips on Lower Bond Yields and Stronger Stocks
Barchart - Mon Apr 29, 9:26AM CDT
Barchart
Mon Apr 29, 9:26AM CDT
The dollar index (DXY00 ) this morning is down by -0.14%. The dollar today is posting moderate losses, weighed down by lower T-note yields. Also, today’s stock rally has reduced liquidity demand for the dollar. In addition, strength in the yen is undercutting the dollar on reports that Japanese authorities...
Stocks Climb on Q1 Earnings Optimism
Barchart - Mon Apr 29, 8:57AM CDT
Barchart
Mon Apr 29, 8:57AM CDT
The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.27%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.28%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.21%. US stock indexes this morning are moderately higher, with the S&P 500 and...
Dollar Gains on Persistent US Price Pressures and Yen Weakness
Barchart - Fri Apr 26, 2:36PM CDT
Barchart
Fri Apr 26, 2:36PM CDT
The dollar index (DXY00 ) on Friday rose by +0.37%. The dollar on Friday recovered from a 2-week low and rose moderately. The dollar strengthened Friday as stronger-than-expected US economic reports on Mar personal spending and Mar core PCE deflator were hawkish for Fed policy and may further delay rate...
European Commodities: After Asian Supply Shock, What's Next for Nickel?
Barchart - Fri Apr 26, 12:26PM CDT
Barchart
Fri Apr 26, 12:26PM CDT
European Commodity Markets Weekly 25 April 2024
Stocks Climb on Impressive Tech Earnings and Strength in AI Chip Makers
Barchart - Fri Apr 26, 10:00AM CDT
Barchart
Fri Apr 26, 10:00AM CDT
The S&P 500 Index ($SPX ) (SPY ) this morning is up +1.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.35%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.55%. US stock indexes this morning are moderately higher, with the S&P 500 climbing...
Dollar Climbs as Strong US Economic News May Delay Rate Cuts
Barchart - Fri Apr 26, 9:26AM CDT
Barchart
Fri Apr 26, 9:26AM CDT
The dollar index (DXY00 ) this morning is up by +0.23%. The dollar today recovered from a 2-week low and is moderately higher. The dollar strengthened today as stronger-than-expected US economic reports on Mar personal spending and Mar core PCE deflator were hawkish for Fed policy and may further delay...
Stocks Rally on Blockbuster Earnings from Alphabet and Microsoft
Barchart - Fri Apr 26, 8:49AM CDT
Barchart
Fri Apr 26, 8:49AM CDT
The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.55%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.31%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.05%. US stock indexes this morning are moderately higher as blockbuster earnings results from...
Gold Price Retraces From Its All Time High, How Low Can It Go?
Zaye Capital Markets - Thu Apr 25, 3:11PM CDT
Zaye Capital Markets
Thu Apr 25, 3:11PM CDT
The price of shinning metal is trading lower as investors continue to be more risk-takers in comparison to the previous weeks, when we saw the price of shinning metal rise through the roof. The metal is on track to post its first weekly loss in 5 weeks, but it may be a little premature to say this as we are only mid-week and some important economic data is about to hit the tape.
Dollar Gives Up Early Gains on Stagflation Concerns
Barchart - Thu Apr 25, 2:45PM CDT
Barchart
Thu Apr 25, 2:45PM CDT
The dollar index (DXY00 ) Thursday fell to a 1-1/2 week low and finished down by -0.28%. Stagflation concerns weighed on the dollar Thursday after revised US Q1 GDP showed slower-than-expected economic growth, along with persistent price pressures. The dollar initially moved higher Thursday after bond yields jumped when Thursday’s...
Dollar Moves Higher as T-Note Yields Jump and Stocks Falter
Barchart - Thu Apr 25, 9:37AM CDT
Barchart
Thu Apr 25, 9:37AM CDT
The dollar index (DXY00 ) today rebounded from a 1-1/2 week low and is slightly higher. The dollar saw support today after bond yields jumped when today’s US economic news showed signs of persistent inflation and labor market strength, hawkish factors for Fed policy. Also, today’s slump in stocks has...