Having bounced off record lows earlier in the week, the Turkish Lira is re-tumbling following President Erdogan’s comments that interest rates are “the mother and father of all evil” and that Turkey must “target double-digit economic growth.” Erdogan added a few more colorful comments sure to send shivers down the spine of any fiscal conservative (or…
BTC eyeing first support level following the last month rebound. pricechart: INVESTING.com
Oil prices are hovering just below a three year high as many are still shocked that oil prices are again trading this high. Oil Prices started out strong on Iranian, Israeli war tensions but pulled back after data from Genscape put crude storage at Cushing, Oklahoma at 39.56 million barrels as of Tuesday, up 479,644 barrels from Friday….
<< Listen Part I: Weakening Dollar Buy Gold? (Video length 00:14:20)
News reports covering yesterday’s April report on consumer inflation emphasize that the monthly increase fell short of the consensus forecast. The cooler-than-expected gain is cited by some analysts as a factor that will allow the Federal Reserve to slow its plans for raising interest rates. Perhaps, but reviewing the annual pace of inflation and the…
The situation in the market has become one where Bitcoin is trading on relatively low volume without major moves. But the currency is in a very important place. Actually, Bitcoin is simmering slowly. Will it boil? Will this increase the profits on our hypothetical positions? The Bitcoin market has its undeniable quirks. From the wild…
After opening the day in green, share markets in India witnessed positive trading activity throughout the day and ended the day on a positive note. Sectoral indices traded on a mixed note, with stocks in the banking sector and stocks in the capital goods sector, leading the gains. At the closing bell, the BSE Sensex stood higher by 290 points (up 0.7%)…
The US dollar pulled back following yesterday’s slightly softer than expected CPI report and this likely marks the beginning of a new phase, with the dollar moving lower. Investors have learned over the past two weeks that neither wages nor consumer prices are accelerating. There is little reason in the recent string of data or official…
Week 18 of 2018 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal and grain are removed from the analysis for carloads, this week it expanded…
Overnight Markets And News Jun E-mini S&Ps (ESM18 +0.23%) this morning are up +0.23% at a new 1-1/2 month high on expectations for the Fed to maintain their slow pace to interest rate hikes after Thursday’s CPI data came in below expectations. Energy stocks are stronger with Jun WTI crude oil (CLM18 +0.04%) up +0.14% as Middle…
