Gold prices rose amid falling US Treasury yields after a comment from a European Central Bank spokesman earlier in the week. A member of the Board of Governors of the ECB said that the tightening of the bank's monetary policy after the meeting next week is not guaranteed. After this statement, the yield of world bonds, including American ones, fell, which led to...
Goldman Sachs sees a decline in the likelihood of a recession in the US over the next year from 25% to 20% thanks to encouraging economic data: improving consumer sentiment and slowing inflation, writes Business Insider. The bank expects only one and the last rate hike by the Fed and is quite optimistic about a "soft landing" for the US economy. The Fed's...
Gold quotes are testing the support of 1975, which is the key one. A breakdown of support may lead to reaching the level of 1935. If the support holds, we can see the growth of 1990 quotes.
The eur/usd pair has broken through the resistance and is likely now aiming for the next resistance around 1.1450.
From the report on the execution of the US budget published on Thursday, July 13, it follows that in June its expenses rose nearly $100bn on a basis yoy (+15% yoy) to $646bn, while revenues from tax revenues decreased by 9.2% yoy to $418 billion. Against this background, the rolling 12-month the value of tax revenues to the US budget decreased by 7.3%, which was a...
The views and feelings, as well as the understanding of the current situation, are so divided among bulls and bears that it is more and more like a political landscape. The stock market rally has sparked a war of controversy of unprecedented magnitude. The bottom line is that AI-related Big Tech shares are indeed growing faster than the rest of the market. If you...
Global oil demand to grow slower than expected due to economic slippage developed countries, according to a report released today by the International Energy agencies. By the end of 2023, global demand for black gold is expected to grow by 2.2 million b/d (about +2% y/y), i.e. 220 thousand b/d less than the previous (June) forecast.
The reason for the revival of the US stock market was the explosion of interest in AI. The market is up nearly 25% since its October low. Most interestingly, retail investors did not show active interest according to sources US retail investors were selling US tech stocks. And even more interesting is that, based on the analysis of historical data, experts draw...
Gold has risen in the previous week and passed the 1950 resistance. Now there is a possibility of testing the 1950 level which has become support. If the level resists it, the next growth impulse may begin.
I have pessimistic expectations about oil. In my opinion, the current growth above 80 means nothing. An important mark will be 85. But even there, not everything is clear. If there is enough momentum, it will move on. And if it is not enough (which is more obvious for me), it will beat back and again to the level of 70.8, which it could not break through.
Happy New Year to all who consider themselves New Zealanders!
Gold has passed all resistances calculated by me. But to be honest, I find it hard to believe in further growth. At the moment I have no open positions. While I try to assess the situation as efficiently as possible to make the right decision.
Global stock markets are dominated by purchases after the release of data that indicates a more significant than expected slowdown in US inflation. European stock indices also opened higher.
The reporting season for the second quarter begins this week. All investors will want to know about the state of companies and their economies. Earnings included in the SP500 are projected to decline by approximately 7.6% year-on-year. This will be the third consecutive quarter of decline and the largest decline in earnings reported by the broad-based index after...
And let's arrange a poll - who thinks - gold will go down or up from the current level. If you think down, put "-" in the comments -, if you think it will go up, put "+". I think it will go down.
The labor market remained resilient despite aggressive Fed tightening, but job growth was mostly in the service sector with low wages, which led to a decrease in labor productivity. In the first quarter US GDP growth was 2%. Forecasters polled by the Philadelphia Fed expect GDP to will grow by only 1.3%.
Gold is trying to break through the resistance at 1936.50. If successful, the next barrier will be the level of 1950. I already wrote that I stopped believing in the growth of gold, and over the past few days this disbelief has only strengthened. Surprisingly - you can find confirmation for any, even opposing opinions. Nevertheless, the current growth in gold...
This week, companies in the US will report on how much profit or loss they have made. Of course, most likely it will be about profit. And these data will tell the experts what dynamics of inflation is expected. Many experts are sure that the received profit is closely connected with the future indicators of inflation. Inflation is finally coming down. But...