Gold Rallies as Investors Turn Cautious
Amid continuing uncertainty about the health of the global economy and the state of the ongoing trade wars, investor sentiment has been turning defensive once again this week. Traditional havens for capital in turbulent times continue to attract capital this morning with Gold up 1.8%, Silver up 2.2% and the Japanese Yen up 0.6%. Meanwhile, […]
US Dollar Rebounds as Talks Continue
Amid ongoing talks between the US and Russia aiming to end the Ukraine War, and conflicting stories about whether the US and China are talking tariffs or not, the US Dollar is bouncing back this morning. Gold is down 1.3%, the Yen is down 0.5%, the Euro is down 0.3%, and the Loonie is down […]
Gold Approaches $3,500/oz
With no new developments related to the trade war or the Fed overnight, Gold continues to rally, gaining 1.2% this morning and trading above $3,460/oz. Silver, meanwhile, is up 0.5% and Bitcoin is up 1.5%. Commodities are also rebounding with Copper up 1.5% and Crude Oil up 1.3%. With the US 10-year treasury note yield […]
New High For Gold; Stocks Slide as Focus Turns to Earnings Reports
US index futures have resumed their retreat this morning, with the three main contracts trading down 0.9% to 1.4%. Overseas trading action has been mixed with the Dax down 0.5%, the CAC down 0.6%, the FTSE flat, the Nikkei down 1.3%, and the Hang Seng up 1.6%. Earnings season ramps up this week and recent […]
Export Regulations Drag Down Chip Stocks, Boost Gold
The Morning Minutes will not be issued on Thursday April 17, they should return on Monday April 21st. For the last several weeks, investors have been focused on tariffs as the main tool in a growing trade war between the US and other countries. Last night, the street was reminded that other measures can be […]
Stock Rally Fades as Focus Returns to Earnings
The US stock market rebound which started last week continues to show signs of slowing. Coming off of a positive Monday, this morning US index futures are down 0.3% to 0.4%. In Europe today, the Dax is up 0.5% and the FTSE is up 0.7%. Commodity action finds Copper down 1.4% and Crude Oil down […]
Easing Technology Tariffs Sends Stocks Soaring
A shortened trading week has kicked off with stock markets around the world rallying in hope that the tariff war may ease. Over the weekend, the White House announced that it is removing technology (smartphones, computers, semiconductors, memory devices and more) from the reciprocal tariff program, as it prepares a separate technology tariff program to […]
Focus of Volatility Shifts to the US Dollar, Earnings Season Starts
The extreme volatility that has shaken equity markets since the start of this month appears to be subsiding for the moment. Overseas trading overnight has been mixed with the Nikkei down 3.0%, the Hang Seng up 1.1%, the Dax down 1.3% and the FTSE up 0.5%. In trade war news, China increased its retaliatory tariffs […]
Shaky Start to a Big Week for World Markets
The first day of the new trading week, which is also the last trading day of the month and the quarter, finds stock markets around the world under heavy selling pressure. Overnight, the Nikkei plunged 4.0%, while the Hang Seng fell 1.3%. European trading finds the Dax and CAC both down 2.0%, with the FTSE […]
Stock Rally Stalls as Trump Tariff Threats Increase
A two-day rally in stocks appears to be winding down this morning as US index futures are trading up 0.1%-0.2% after US indices soared 1.4% to 2.3% yesterday. Speculation that President Trump may scale back on his “Liberation Day” plan to introduce widespread reciprocal tariffs starting April 2 has faded. Instead of standing down like […]