Keep the dream alive Blue Turtles. It's typically when Food Inflation crosses 35% historically... The HOI POLLOI get nasty. it's coming. Count on it. 34.47% YOY.... 3 Bips... 3
Nas100 created a "W" pattern on the lower timeframe after a major sell off at the bell. PPI came out with a negative so the market sold after a 100 point move to the upside post news report drop. It reversed at the previous NY session low and bought up 142 points to the upside. Based off the previous PPI outcome, I am still holding for a 300 point move to the...
Cardano enjoys a sweet dead cat bounce before moving further down finishing wave 5 (.30-.10) before moving upward towards ATH. Headwinds to take into consideration BEFORE investing in what they identify as risk on investments: Jamie Dimon's Hurricane Comment: www.cnbc.com (People should take not coming from Jamie, potential significant heads up) Latest ISM...
BLS published March PPI results this morning showing an increase of just over 11% year over year for $PPIFIS (Final Demand) or slightly more than 1.3% increase month over month. This leaves critical information out and paints a partial picture as $PPIACO (All Commodities) reflects a full 20.46% increase year over year and over a 2.8% increase in March over...
- PPI DATA for USD is due out today. Reports and data on the CORE PPI, as well as the 10Y BOND AUCTION, will be released today. Also FOMC BRAINARD has a SPEAK today. - DXY currently stands at 100.32 LEVEL. USD has become STRONG in the last few days. After FOMC and LABOR DATA, USD received a slight POSITIVE SENTIMENT. Also, the CAD FEATURE is down to 0.7924...
- Today there are special indicators that affect GOLD. US PPI and CORE PPI DATA data to be released. GOLD will definitely be VOLATILE there. We must pay attention to the US10Y CHART. - US10Y currently stands at 2.76% LEVEL. Yesterday CPI DATA also made DXY UP at that moment. USD10Y LONG TERM UP is going to be up if this MARKET CONDITION is SUPPORT to USD. ...
Wall Street over the past few weeks appeared to be preparing for a more hawkish Federal Reserve approach to tamp down on sharply rising prices. The FOMC did raise rates by 25 bps, and the markets promptly responded by going higher. The markets' responses indicate the Fed completely lacks credibility in doing anything to get prices under control... instead the...
While the Federal Reserve aims for - Full Employment... The Math in the preceding prior 2 commentaries, turns that Sillyness on its head. While Producers are simply just Beginning to pass to on Higher Costs (Reported by EVERY COMPANY during Q3 EPS)... With the Highest Rate of Change in HIstory for this Ratio... It's all...
To examine the dollar index with the symbol DXY, we first go to the fundamental. Perhaps the most important data this week is the fundamental Unemployment Claims and then the Flash PMI. According to a previous chart review, whenever a lower Unemployment Claims is released, a long ascending candlestick is created in the 5-minute timeframe, and whenever it has a...
The yearly chart (not logged) Setting up for the Q4 push What I'm expecting is a third high to be made a pause And then run on to our target of $85-88K The Shenanigans in congress yesterday only highlight to more people the dire straits of the US federal govt's finances and their desire to squash the people and maintain their positions of power. Yellen...
The British pound has punched above the 1.38 level in the Thursday session. GBP/USD is currently trading at 1.3858, up 0.63% on the day. After posting three straight days of losses, the British pound has rebounded strongly on Thursday. The US dollar is in retreat against the majors, despite a positive unemployment claims release earlier in the day. Claims fell to...
"Consumer Prices rise in July, but rate of inflation slows" Yeah, Nah. Bullshit. Fed minutes released next Wednesday will show an increased number of Federal Reserve Board of Governors favor Taper. The count of those in favor now stands at 6 up from 2. Jerome Powell's recent Press Conference demonstrated Inflation is not going down. "The increases will...
Hi guys, I put my thoughts on the chart for GBPJPY. Let me know how you guys think about it.... thanks.
STRONG DEMAND #WEAK #DOLLAR SUGGEST FURTHER UPSIDE!
The Australian dollar has started the week with a whimper. Currently, AUD/USD is currently trading at 0.7620. Australia releases the NAB Business Confidence early on Tuesday (1:30 GMT). Business confidence continues to show stronger optimism, rising to 16 in February, up from 10 beforehand. The Australian economy has recovered remarkably well from the Covid-19...
The Producer Price Index (PPI) measures the average change over time in the selling prices received by domestic producers for their output. In other words, the PPI measures the prices offered to manufacturers of goods and services, in contrast to the CPI which measures the prices consumers (end-users) pay to obtain the good or service. The prices included in the...
EURCHF We can see price is forming a falling wedge on this pair. Swiss PPI and Monetary Projections tomorrow will show clear direction.