Technical Outlook and Review

Summary Real GDP grew at only a 1.6% annualized pace in Q1, held back by trade and inventories. Consumer spending in the service sector is not slowing, in fact, it is ramping up at a rate seldom seen in the past 20 years. That is problematic as core PCE prices are picking up again in […]

US indices have been gaining daily since the beginning of May. They have found strength amid relatively weak job reports and quite upbeat quarterly earnings. The S&P500 and Nasdaq100 indices are just 1.5% below the all-time highs set in March. The market downturn in the first three weeks of April has whetted bargain hunters’ appetite. […]

As the XAU/USD chart shows, on 16th July, the gold price rose above $2460 for the first time in history. The bullish sentiment is driven by: → Anticipation of Fed rate cuts, as the appeal of non-yielding bullion generally increases in low-interest-rate environments. → Geopolitical tensions, with an attempt on Trump’s life possibly boosting demand […]