Stocks: A blistering 2 month rally left global markets closing 2023 with strong annual gains as investors bet that major central banks have finished raising interest rates and will cut them rapidly next year but decrease to 2, to 2.5 over 2024, 2025 and 2026. The MSCI World index, an indicator of global equities, had surged by 16 percent since late October and was...
Rate cuts: The Federal Reserve declared rate cuts to be a little bit ahead and it’s an attempt to rein in the exuberance that has driven up stocks and bonds. Loretta Mester challenged expectations that the central bank would abruptly pivot towards lowering borrowing costs now it was more confident it had lifted its benchmark interest rate to a level restrictive...
I started streaming on Kick as Pensativo58 and i will be making live trading in there in the mornings, its not financial advising, im there for entertainment, if you like to see how i think you can always pass by and follow its free anyways.
Bank of England raise the interest rate 50 basic points but the market didn’t react as it should. Us might survive recession, but the UK seems to suffer more from it we might see GBP/USD reach the 1.25444 and GBP/JPY might reach 184.150 or even higher due to the interest rate differential. Today is PMI if the number will be above 50 the economy is growing if its...
For my friends: Well, good to be back, I will be posting maybe not daily but we will see how it goes with my time. I might stream my trades as you know so you will be able to see it live and see me trade. I will stream random from trading or what I like doing so don’t just expect trading that is just a part of my day hahah. Today we have Jobless Claims and...
Today there is no data. The focus this week is now on more cues from a string of Federal Reserve speakers this week, most notably Chair Jerome Powell on Friday. I probably will skip this week and not trade since to much uncertainty on the FED s plans, so i will take a small vacation to relax and recharge. cya soon guys
News that came out that are important: The US Treasury Department said in a statement Friday that it had just $88 billion of extraordinary measures to help keep the government’s bills paid as of May 10. That’s down from around $110 billion a week earlier and that means that just over a quarter of the $333 billion of authorized measures are still available to keep...
Today we have Exports and Imports. This data is very important since it allows you to calculate GDP: GDP = Consumption + Investment + Government Spending + Net Exports. Yesterday data came out mixed so I ended up not taking any trades. ALSO: (data gathered over many sources) The CME FEDWatch Tool which tracks the probabilities of rate changes implied futures...
Today we have PPI and Jobless claims. As you know PPI measures the average change over time in the prices domestic producers receive for their output. This is a measure of inflation that is complied from thousands of indexes measuring producer prices by industry and product category. If PPI data comes lower Gold should go up since its deflationary But if PPI data...
Today we have CPI and Core CPI. As you know CPI measures the monthly change in prices paid by U.S. consumers and is one of the most popular measures of inflation and deflation. Always pay more attention to Core CPI since it’s more important than the normal. If CPI data comes Lower Gold should go up cause its deflationary But if CPI data comes higher Gold should go...
Today there is FOMC member talk where Williams will speak. John C. Williams is the president and chief executive officer of the Federal Reserve Bank of New York also his research focuses on monetary policy under uncertainty, business cycles, and innovation. He is a research associate at the Centre for Applied Macroeconomic. This will make his speech important for...
Today there is no major data and since tomorrow is FOMC it’s good since it will make the market move in unstable ways. I will take the day off cause I’m waiting for the FOMC to start trading again. Yes i do know the FOMC that Im writing is and naming is John C. Williams who is the president and chief executive officer of the Federal Reserve Bank of New York also...
Banking problems and how its affecting us now: Right now we are starting to see the Problems caused by the Banks with the fact that their executives have been making mistakes and contributing for the poor management and bad use of their banking regulations. We have seen that First Republic’s filings showed the lender was offering joke of a deal,...
Next week we have FOMC on Tuesday, be careful cause it might make Monday harder with more consolidation or movements against data. Me personally I will skip Monday. On Wednesday we will have CPI and Core CPI. Thursday we will have PPI and initial jobless claims and continuing jobless claims. On Friday we will have Import and export price index and CFTC. In...
Today is Unemployment Rate and NFP. If Unemployment Rate comes higher gold should go up cause its a deflationary data but if it will come lower means gold goes down since its inflationary, this is show in the circular flow of money model. The NFP is a monthly report released by the Bureau of Labor Statistics that provides a overview of the number of jobs added or...
Today is Unemployment Rate and NFP. If Unemployment Rate comes higher gold should go up cause its a deflationary data but if it will come lower means gold goes down since its deflationary, this is show in the circular flow of money model. The NFP is a monthly report released by the Bureau of Labor Statistics that provides a overview of the number of jobs added or...
Financial Times important parts collected till now: US stocks slip after Fed chair dims hopes for interest rate cuts US stocks closed lower on Wednesday, falling after Federal Reserve chair Jay Powell cautioned that the central bank might not begin cutting interest rates soon. The Fed on Wednesday raised its benchmark interest rate by a quarter of a percentage...
Today we have Exports and Imports which shows if a country is having a good or bad economy, Also we will have Jobless claims witch if the number comes higher means its deflationary which leads us to have a buy on gold but if its lower its inflationary so we should sell gold. This can be shown by the circular flow of money model. The "possibly" last 25 basic...