MARKET NEWS
Dec 10, 2024
25 bps Cut Looks Imminent Based on CME Fed Watch
Key Statistics: Source: Bureau of Labor Statistics, US Department of Labor Release Period: November 2024     Last Release Date: November 13, 2024,    Actual: 2.6% vs Forecast: 2.6%. Previous:...
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Dec 10, 2024
Small Business Optimism Shows Biggest Monthly Increase in Its 38 Year History
National Federation of Independent Business (NFIB) small business optimism soared in November, hitting 101.7 (the street was expecting 94.7). The index has risen for a 3rd consecutive month, and 7...
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Dec 09, 2024
S&P E-mini: Bulls Momentum Beginning to Weaken
S&P 500 Emini market analysis Emini daily chart The Emini formed a downside breakout bar on Monday, as the bulls began to take partial profits and the bears began to sell. This is a warning...
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Dec 09, 2024
EUR/USD Maintains Negative Trajectory Ahead of US CPI and ECB
The EUR/USD failed to hold ono its earlier gains on Monday, turning lower into the close. It has fallen further so far in today’s session with the European Central Bank's rate decision and key US...
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Dec 09, 2024
Consumer Debt Surged in October
By Mike Maharrey After two months of keeping their credit cards in their wallets, American consumers pulled out the plastic again in October.A surge in card spending drove consumer debt higher by...
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Dec 09, 2024
A Chinese PBOC Elephant Leads The Charge
Gold continues to march higher from the $2550 buy zone, and Silveris beginning to look like the short-term leader of the precious metals pack. The first leg of the rally saw gold rush to $2720, and...
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Dec 09, 2024
The Energy Report: Mysterious China
Crude Oil prices rose on Monday on Middle East uncertainty after the fall of Bashar al-Assad in Syria as well as expectations that China will stimulate their economy with lower interest rates...
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Dec 09, 2024
Thanksgiving Spending Surge Lifts Retail and Entertainment Stocks
Record TSA travel, a Black Friday spending boom, and monster movie debuts set an upbeat tone ahead of the winter holidays “Moana 2” gross box office revenue impressed analysts, though...
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Dec 09, 2024
Is the Downshift in US Inflation Stalling?
Disinflation has stalled recently, but economists are debating if this is a temporary blip that will soon give way to a softer trend. Tomorrow’s consumer price report for November will be widely read...
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Dec 09, 2024
US Dollar Fails to Benefit From Muted Risk-Off Sentiment
US stocks experienced a rare red session on Monday. Focus has shifted to Wednesday’s US CPI report. RBA softens rhetoric, Aussie loses ground. Risk Sentiment Was in Retreat on Monday Risk appetite...
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