MARKET NEWS
Dec 03, 2024
Is US Economic Growth Accelerating in Q4?
The odds still look skewed toward a softer pace of expansion for fourth-quarter GDP. However, an upgraded nowcast from the Atlanta Fed hints at the possibility for something stronger. The regional...
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Dec 03, 2024
US Dollar on Front Foot Against Peers But Awaits Key US Data
Fed officials support further interest rate reductions. Probability of a 25bps rate cut in December increases slightly. Euro traders keep their gaze locked on French politics.  Dollar Awaits More...
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Dec 03, 2024
The Dollar and Oil Foresee a Santa Rally for Bonds
Bond yields are primarily driven by macroeconomic factors such as inflation and economic growth. Given their impact on inflation and the economy, the US dollar and oil prices are frequently well...
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Dec 03, 2024
Volatility May Be Due to Increase Significantly Starting Today
10-year rates increased yesterday by roughly four bps to close at 4.23% following a stronger-than-expected JOLTS report. The report overlooked healthy, in my view, with the layoffs in October lower...
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Dec 03, 2024
Manufacturing's Cyclical Slowdown Hits 8 Months, But Key Metrics Show Improvement
The manufacturing sector contracted for the 8th straight month, with the November number coming in at 48.4 (anything below 50 is contracting). This was actually above the street estimate of 47.7 and...
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Dec 03, 2024
Gold Holds Steady Amid Fed Speculation and Geopolitical Risks
Strong US Macro Statistics Limit Gold's Gains Gold (XAU/USD) rose by 0.17% on Tuesday but failed to hold above the important $2,660 level. It appeared that XAU/USD was on course to break above an...
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Dec 03, 2024
Fix This or Nothing Else Matters
The top 10% are the dog sipping a drink as the cafe burns down, saying "this is fine." What's the one thing we need to fix or nothing else matters? There are plenty of potential candidates:...
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Dec 02, 2024
Gold Bullish Cycles in Play With Stocks Set to Enter a Long-Term Bear Market
The coming Trump presidency is likely to be exciting, but a lot is unknown. Investors need solid tactics to handle commodities, the stock market, bonds, crypto, and of course supreme money...
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Dec 02, 2024
In-Store Sales Falter Despite a Good Black Friday
Based on early Black Friday sales estimates, sales were strong, but shoppers were much more inclined to take advantage of online sales than go to the malls and stores in person. Mastercard...
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Dec 02, 2024
US Dollar Recharges, EUR/USD Drops on French Politics
Dollar rebounds on more tariff threads and better US PMIs. Euro feels the heat of France’s budget turmoil. S&P 500 and Nasdaq climb to fresh record highs. Trump’s threats continue, US data...
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