Why We Are At The Start Of A Multi-Year Gold Bull Market

Dollar gold price aggressively broke a multiyear resistance level on the back of escalating wars, worrying asset bubbles, and sticky inflation. From a technical perspective, the price of gold has broken out from a multi-year consolidation phase. Gold is undervalued and can easily double in price over the coming years. We are in a boom as gold as a share of global financial assets is low.

Asia Mixed, Europe Advances, Crude Trades Below $80 - Global Markets Today While Us Slept

U.S. Stock markets closed higher for the third consecutive session on Monday. Japan's Nikkei 225 rose 1.47% and Australia's S&P/ASX 200 closed higher. Energy index led the gains, with natural gas futures reaching highest level in 14 weeks. U.S., employers added 175,000 nonfarm jobs in April, down from the expected 238,000.

Weekly Report: what happened at USDU last week (0429-0503)?

How The Bond Market Learned To Love The Fed

The bond market is abiding the Fed. The market had already priced itself out of the multiple rate cut fantasy. The Fed’s base case view continues to be that growth will maintain a steady pace while inflation gradually gets back to the 2 percent target. Jay Powell downplayed the possibility of stagflation.

Major Asia And Europe Markets Closed For Labor Day; Dollar gains, Gold Drops To $2,300 - Global Markets Today While US Slept

The U.S. Stock markets closed sharply lower on Tuesday, April 30th. The Dow Jones Industrial Average declined 1.49% to close at 37,815.92. Every sector of the S&P 500 ended the day in the red. Economic reports indicate increasing labor costs and falling consumer confidence. Gold prices dropped in Asian trading on Wednesday.

3 Views On The Yen 'Collapse'

Weekly Report: what happened at USDU last week (0422-0426)?

Asia Up, Europe Mixed, While Yen Surges Against Dollar - Global Markets Today While US Slept

Inflation Declined In March, But Remains High

Inflation Declined In March, But Remains High. Inflation remains well above the Fed’s 2-percent average inflation target. Core inflation, which excludes volatile food and energy prices, also remained elevated. The latest numbers will do little to sway members of the Federal Open Market Committee.

Is The Hot Inflation Data In Q1 Noise Or Signal?

U.S. Economic Growth Plunges In First Quarter 2024

Home Market Outlook Economy Analysis U.S. Economic Growth Plunges In First Quarter 2024. The release of 1st quarter 2024 Gross Domestic Product surprised virtually all forecasters. The first three months of 2024 were characterized by a notable deceleration in US economic growth, marking an almost two-year low.

U.S. Inflation Not As Bad As Feared, But Still Too Hot

U.S. Inflation Not As Bad As Feared, But Still Too Hot in the first quarter. The core PCE deflator came in at 0.3% month-on-month, up from 0.2%. Inflation is still too hot and September remains the earliest opportunity for an interest rate cut.

Japanese FX Intervention: Primed And Ready

Crude And Gold Trade Higher; Major Asia Indexes And Europe Rise - Global Markets Today While US Slept

GDP Update: Moderate Growth And Disinflation Continue

Real GDP is growing at about a 2.2% annual pace. On a year-over-year basis, the deflator rose only 2.4%. The economy today is about 20% smaller than it could have been. Calafia Beach Pundit sees no reason to worry about a near-term recession.

M2 Still Points To Lower Inflation

U.S. GDP Growth Slows Markedly, And Inflation Remains The Focus

U.S. GDP growth slowed to 1.6% annualised in the first quarter of this year. But inflation is hotter than expected, with the core PCE deflator up 3.7%. Inflation makes a near-term Federal Reserve interest rate cut look less likely. First quarter GDP growth is well below the 2.5% consensus.

Money Supply Sees Major Jump In Recent Weeks

Money Supply Sees Major Jump In Recent Weeks. Money Supply should dip some heading into the summer before rebounding later in the year. The large increase in seasonally adjusted Money Supply occurred in March. The drop in reverse repos is driving Money Supply and the stock market higher.

Asia Markets Mixed, Europe Dips; Copper Prices Rise On BHP's Buyout Offer To Anglo American - Global Markets Today While US Slept

The U.S. Stock markets closed mixed on Wednesday as the S&P 500 closed higher. The Dow fell, but the Nasdaq rose, with consumer staples and real estate sectors leading gains. Japan's Nikkei 225 index closed down 2.16% on Thursday. European stocks dipped as investors reacted to mixed earnings from major companies.

Asia And Europe Markets Rise, US Dollar Rebounds - Global Markets Today While US Slept

U.S. Stock markets closed higher on Tuesday, April 23rd. Japan's Nikkei 225 index finished the day higher by 2.26%. The Japanese stock market extended its winning streak to three days. Ten of the 11 S&P 500 sectors advanced on Tuesday.