Posts Tagged ‘US Dollar’
Shares and Markets - July 5, 2018 7:46
Dow Jones is Finding Resistance At 24450
As the United States celebrates Independence Day the Dow Jones and other stock indexes take a breather. The yearly national holiday sees markets close. It is possibly a good time for this break to arrive. Stocks have looked weary due to a backdrop of self inflicted trade tariff arguments from their wacky President, and a […]
Dow Jones Tussles With April Highs as US Dollar Begins to Retrace
After a mixed to down first quarter the Dow Jones index and US stocks are back on the rise. The Dow Jones price has gained over 1000 points since the low in early May, and is now sitting exactly at the April highs as the middle of the month passes. The US Dollar finally gave […]
Gold Prices Jump On Further Rate Increase and Forward Guidance
Gold prices jumped $30 from the lows after the FOMC rate increase of 25 basis points. Along with what was a largely expected rate hike, the Fed hinted that rate increases may continue in a steep upward curve over the next few years. Alongside the hike came comments that the Fed intended to sound hawkish […]
Dow Jones Stumbles and Reverses on Fed Unchanged Interest Rate
The US federal reserve released their quarterly interest rate decision in the United States. They left rates on hold for the next period but hinted at a rate hike maybe on the cards before the end of this year. Once again the Federal Reserve suggested that interest rates are due to rise again. Even though […]
Gold Price – To Buy Or Not To Buy?
As things stand, Gold prices have bounced (since Monday) from the lows of the last two years. The question remains, to buy or not to buy? With the US Dollar on a rampage, it’s easy to find reasons to be uncertain on Gold, however, does this bounce show us where support in the price remains? […]
Gold Fights for $1300 Ahead of Fed Meeting
The all-important FOMC meeting should be concluded and if it went to form the members spent all of 20 minutes deciding the fate of the world and 2 days figuring out how to communicate that to us mere mortals. When you think of it like that the idiocy of central planning is pretty stark.  But, […]
Market Stability Has Been Acheived
This may have been the most boring Monday in the markets I’ve seen in a long time. The only thing that is for sure, however, is that the S&P 500 will rise and if it doesn’t do so early in the session it will do so late. So, officially, as Zerohedge pointed out, a new […]
Gold Spikes Down to $1650 on Multiple Signals
I’m watching the gold market right now and $1650 has been reached this morning. There is still nearly two full sessions until options expiration tomorrow so this current downdraft has a lot of potential for a major wipe out. If you are long gold with leverage you are an idiot. Jim Sinclair has been telling […]