ECONOMICS:USGDPQQ (Q3/2023)
The American Economy ( ECONOMICS:USGDPQQ ) expanded an annualized 4.9% in the Third Quarter of 2023, slightly below 5.2% in the second estimate,
but matching the 4.9% initially reported in the advance estimate.
It still marks the strongest growth since Q4 2021.
Consumer spending rose less than initially anticipated (3.1% vs 3.6% in...
How high will gold prices reach? They will rise in proportion to the U.S. debt.
Today, we will study the relationship between U.S. debt and gold prices during these periods. We will also explore how high gold prices might go and how soon they could reach these levels.
Micro Fold Futures
Ticker: MGC
Minimum fluctuation:
0.10 per troy ounce = $1.00
Disclaimer:
•...
Macro Monday 43
Japan Composite PMI – Japan’s Business Activity
(Flash PMI is released Tuesday 23rd April 2024)
Unfortunately, I had great difficulty in locating the Japan Composite Flash PMI in chart form on TradingView (it appears to not be available).
Instead we will briefly cover the Japan Composite PMI chart which is the final PMI released later...
I believe the SBP will keep the policy rate unchanged at 22% in the upcoming MPC meeting. Due to the following points:
1. Inflation has been decreasing month by month due to lower food inflation, which holds greater weightage in our national CPI. However, it's important to note that this decrease may be temporary, as it coincides with the wheat cutting crop time,...
ECONOMICS:JPIRYY (March/2024)
The annual inflation rate in Japan ticked lower to 2.7% in March 2024 from February's 3-month peak of 2.8%, matching market consensus.
There were slowdowns in prices of transport (2.9% vs 3.0% in February), clothes (2.0% vs 2.6%), furniture & household utensils (3.2% vs 5.1%), healthcare (1.5% vs 1.8%), communication (0.2% vs 1.4%),...
Macro Monday 42
Japan Reuters Tankan Index – Business Sentiment
(Released this Wednesday 17th April 2024)
Firstly lets briefly cover the Japan Consumer Sentiment we covered last week,
Japan Consumer Sentiment
Last week we covered the Japan Consumer Confidence Index (CCI), which provided a great indication of how the Japanese consumer is feeling. The...
Macro Monday 38 - Please review the full report shared prior to this. This is only the German chart in Isolation.
GERMAN ZEW INDEX
The German ZEW Index data is not derived from all the countries in Europe, it is derived from the views of collection of 350 economists and analysts that operate from and represent the German economy. As Germany is the largest...
Macro Monday 38
The Euro Area ZEW Economic Sentiment Index &
The German ZEW Economic Sentiment Index
(Released this Tuesday 19th Mar 2024)
ZEW is the German acronym for the Zentrum für Europäische Wirtschaftsforschung, which translates to the Centre for European Economic Research.
There are two releases from the Centre for European Economic research we...
MACRO MONDAY 21
NAHB Housing Market Index
The NAHB Housing Market Index (HMI) is compiled from a monthly survey issued by the National Association of Home Builders (NAHB) to U.S. builders in order to measure the current and forward looking sentiment for single-family homes being built or with the prospect of being built in the U.S.
In the survey builders rate...
China continues to purchase Gold,
adding 23 Tons of the precious metal just the last month,
according to the World Gold Council.
Since November,
China has accumulated more than 180 Tons of Gold,
equating its official Gold State Reserves to around 2,136 Tons.
The European Central Bank raised Interest Rates by a Quarter of a percentage point Thursday, judging that Inflation remains too High ;
even as data points to a deepening economic downturn in the 20 countries that use the euro.
The move takes the benchmark rate in the euro area to 3.75%, the highest since October 2000.
- While ECONOMICS:USIRYY numbers remain inflationary,
having the latest increase to 3.2% on August 10th,
on the other side of the World from the second Global Superpower,
ECONOMICS:CNIRYY came Deflationary at negative 0.3% on 9'th of August,
just a day prior to numbers of ECONOMICS:USIRYY .
Note that The Head of Federal Reserve,
our pal Jerome Powell,...
This graph shows the mispricing of gold vs mining stocks. Mining stocks show incredible upside potential with very little lowside. This is a rare opportunity.
