Today’s release of the April Producer Price Index (PPI) for Final Demand came in at 0.1% month-over-month seasonally adjusted, down from last month’s 0.2%. It is at 2.6% year-over-year, down from 3.0% last month, on a non-seasonally adjusted basis. Core Final Demand (less food and energy) came in at 0.2% MoM, down from the previous…
Oil prices are going nuclear as President Donald Trump pulled out of the Iranian nuclear accord creating a new risk dynamic for global oil markets. The decision by president Trump to pull the plug on what he said was a horrible deal comes as global oil demand is rising and the lack of investment in…
This chart looks at the Gold/US Dollar ratio over the past 7-years. Gold bulls want to see this ratio heading up and they get disappointing news when it falls in price. Since 2011, the ratio started creating falling channel (1) and broke below it back in 2013. The rally that started back in 2016, saw the ratio make…
It’s official — house prices are now as high as they were at the bubble peak in 2006 according to the S&P/Case-Shiller 20-City Composite Home Price Index. Moreover, Americans believe they will continue to soar, according to an article by Quentin Fottrell at MarketWatch. That makes sense from the perspective of behavioral finance. People often extrapolate recent price…
10Y yields rose above 3% again overnight, so I guess Jamie Dimon is getting closer to being “right” all the time. I’m just kidding. Jamie Dimon was just spitballing and you people blew his comments out of proportion. But hey, I can’t blame you. “Jamie Dimon Says 10Y Yields Are Headed To 4%” is a good…
Overnight Markets And News Jun E-mini S&Ps (ESM18 +0.43%) this morning are up +0.43% at a 2-week high and European stocks are up +0.16% at a 3-month high. A rally in energy stocks is boosting the overall market with a +2.58% surge in Jun WTI crude oil(CLM18 +2.85%) to a 3-1/2 year high. Crude oil has moved…
Traditional Markets He was said to be the president for the traders and so far Donald J Trump has not disappointed in bringing market volatility. Even though market participants were well prepared for the decision to exit the Iran deal, it didn’t stop things from getting shaky when the announcement was made. Here’s the price of…
After opening the day in red, share markets in India witnessed a turnaround and then continued the momentum throughout the day and ended the day in green. Sectoral indices were mixed, with stocks in the IT sector and stocks in the capital goods sector leading the gains. At the closing bell, the BSE Sensex stood higher by 103 points (up 0.3%) and the NSE…
EUR/USD 4 hour The EUR/USD downtrend continued yesterday with one more lower low within wave 3 (green). The bearish momentum could be aiming at 1.17-1.18 support zone before a larger correction within a wave 4 (green) could take place. Price remains however in a downtrend as long as price stays within the bearish channel and…
