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Markets Very few market-moving data in the US and EMU today. US markets are counting down to tomorrow’s US payrolls. This report, together with the US November CPI data (to be released on Dec 11), will provide concluding data evidence for the Dec 18 Fed policy meeting. US markets still only discount about 75% of […]

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06/05/2024

Sunset Market Commentary

Markets With Japanese and US markets closed, Europe stood on its own to look for direction after Friday’s yield decline in the wake of weaker than expected US payrolls and services ISM. US markets again considering two potential Fed rate cuts (Sept +/- 90% discounted, 2nd in December +/- 80% discounted) gives European investors some […]
22/01/2024

Gold Lower; Tests Key Trendline

Gold is lower again today Holds beneath short-term SMAs Momentum indicators disappoint below mid-levels Gold prices are fighting with the short-term uptrend line, which has been drawn since mid-November, and the 38.2% Fibonacci retracement level of the upward wave from 1,810 to 2,145 at 2,016. Also, the market is failing to surpass above the 20- […]
18/09/2024

Crypto Market Gets a Boost from Stocks

Market Picture The crypto market has gained 2.1% in the last 24 hours to reach $2.08 trillion. The rise in the stock market has brought buyers back to Bitcoin, which has positively impacted cryptocurrencies. The sentiment index is still in the fear zone, but at 45, it is already close to neutral territory. This shows […]