Today’s Japanese CPI report certainly did not push the Bank of Japan’s hand. With prices up 3.0% for the year (estimated), there is no need to change tactics. In addition, the BOJ increased its...
Read More
1 Minute
1 Minute
Timiraos: Fed 'barreling toward’ a 75 bps hike in November
WSJ Fedwatcher Nick Timiraos posts the latest and says: „Federal Reserve officials target another 0.75 percentage point rate hike” and whether to announce a smaller rate cut in December. He highlights the divide at...
Read More
1 Minute
US equities continue to make new lows as Nasdaq decline nears 3%
Yesterday’s optimism has certainly faded. The market seems to indicate that the problems in the gold market are not resolved and when inflation will peak is certainly an open question. Adding to the rest...
Read More
1 Minute
Fed’s Bullard: September inflation warrants more frontloading
Appropriate for rates to reach .50- .75% by the end of the year and further rates „depend on data” Bullard previously talked about a Q1 peak of around .5%, but now he is talking...
Read More
1 Minute
The Ethereum merger was a success – but now?
Ethereum successfully merged its beacon into a real proof less than a month ago, leading to arguably the biggest event since the creation of Bitcoin. Not only was it for the huge Ethereum community,...
Read More
1 Minute
Atlanta Fed GDPNow estimate for 3Q growth rises to 2.9% from 2.7%
The Atlanta Fed’s GDPNow model of third-quarter growth rose to 2.9%, up from 2.7% in today’s data. This is the highest growth forecast for the third quarter. It is also up sharply from the...
Read More
1 Minute
Oil climbs more than $4 on a terrible tape
Trading in the first half of the year was the sale of shares and the purchase of oil. This also becomes the fourth quarter business. WTI crude is up 5% today and briefly touched...
Read More
2 Minutes
OPEC+ to hold offline oil meeting next week in Vienna
The Alliance held a face-to-face meeting for the first time since March 2020, as all previous meetings were online. It is not yet clear whether Russia will send its representatives. Brent oil price in 1...
Read More
2 Minutes
London dealers are running out of gold amid strong demand for the precious metal
The cost of gold bars in pounds sterling last week approached a record. The dynamics of the price of gold in pounds per troy ounce When the pound tumbled after UK Treasury Secretary Kwazi...
Read More
1 Minute
October forex seasonals: It was a volatile September, what comes next?
At the start of September, I wrote about the seasonals and warned that it was a bad month for stock markets with a note that it was the worst calendar month for the S&P 500. It...
Read More