Gold rallied to the 1771.36 level yesterday and after a quick penetration dropped almost $20 per contract. This is why I prefer to focus on a) momentum [here a downtrend]…Read More

Is the uptrend in US equities soon over? Fed Minutes hinted that future rate hikes could hurt the economy (more on this later in this report) but is that going…Read More

Yesterday’s rally in Walmart Inc. shares added to a recent great bull run in which the shares have gained over 11% in just 8 days. Yesterday we saw a strong…Read More

Gold hit my downside target range (1771 – 1775) after breaking a key support level. Weakness in gold emerged just as I expected last week. I’ve been warning about softness…Read More

Lower oil prices helped to soften the US PPI and the measure had its first decline in two years. The US PPI (Producer prices) dropped 0.5% m/m. Analyst expectation for…Read More

USD sold off as both the headline and the core CPI came in lower than forecasted and lower than in June. As expected, lower oil prices indicated the inflation rate…Read More

Today’s the biggest day of the week for the financial markets as traders around the globe prepare to trade the US CPI release. Higher inflation readings would provide ammunition for…Read More

Markets aren’t moving much as holiday trading and the lack of macroeconomic news releases slow the markets down. Another factor is that just before the ever-so-important inflation report from the…Read More

The probabilities for a 75 bp hike by the Fed in September shot up to 70.5% after the super-strong employment report from the US on Friday.  The report forced traders…Read More

I said earlier today that when markets have priced in more recession than inflation a strong NFP number could create volatility as market participants need to reposition. This is exactly…Read More