Although gold markets firstly fell during trading on Tuesday, the precious metal found enough buyers underneath to push it up. Spot gold was up 0.2% to $1,782.39 per ounce by 01:40 p.m. ET (1840 GMT). U.S. gold futures settled up 0.3% at 1,784.70. Gold is trying to stay in the …
Read More »U.S. CPI Hits 3-Year High of 4.2% as Gasoline Prices Surge 40.5%: Fed Rate Hike Bets Solidify
Key Takeaways Headline CPI accelerates: Annual consumer prices rose 4.2% in May — up from 3.8% in Ap…
U.S. CPI Hits 3-Year High of 4.2% in May: Iran War Energy Shock Keeps Inflation Pressure Firmly Elevated
Key Takeaways CPI at 3-year high: Annual U.S. consumer inflation rose to 4.2% in May — the highest r…
Trump Threatens Iran Power Plants and Bridges as Talks Collapse: Oil Surges 2% on “Bully of the Middle East is DEAD” Post
Key Takeaways Oil rebounds sharply: Brent rose 1.7% to $93.03 per barrel, while WTI climbed 2.0% to …
May Inflation Expected at 4.2%, Highest in Three Years as Iran War Ripples Through Consumer Prices
Key Takeaways 4.2% annual CPI expected: If confirmed, it would mark the highest inflation reading si…
Barclays: European Stocks Can Handle ECB Rate Hikes Better Than 2011 — Banks, Energy, and Miners the Top Picks
Key Takeaways ECB 25bp hike expected Thursday: Policymakers responding to Iran war energy-driven inf…
Wall Street Futures Slide as Iran Strikes Resume and Tech Rally Fizzles: CPI Data the Last Hope for Market Direction
Key Takeaways Futures fall: S&P 500 futures dropped 0.2% to 7,373.75, Nasdaq 100 futures fell 0.…
Bitcoin Crashes 3% as Iran Missile Barrage Crushes Peace Hopes: ETF Outflows Slow But War Fears Dominate
Key Takeaways Bitcoin falls 3%: The world’s largest crypto dropped to $61,375.5, wiping out mo…
Oil Rebounds 1.8% as U.S. Strikes Iran Over Downed Helicopter: Ceasefire Unravels and API Shows Massive 9M Barrel Draw
Key Takeaways Oil bounces back: Brent rose 1.8% to $93.08 per barrel, while WTI climbed 1.8% to $89.…
Gold Slides to 11-Week Low for Fourth Straight Session: U.S. Helicopter Shot Down Adds to Iran War Inflation Spiral
Key Takeaways Fourth consecutive loss: Spot gold fell 1.9% to $4,180.85 per ounce — its lowest since…
Asian Stocks Fall as U.S.-Iran Helicopter Shoot-Down Sparks Fresh Strikes: SoftBank Crashes 10% on OpenAI Loan Collapse
Key Takeaways Broad regional decline: Japan’s Nikkei fell 1.1%, TOPIX shed 0.7%, Chinese index…
Market Analysis
December, 2021
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8 December 2021 12:48 am
Why Cryptocurrency Mining Stocks Surged On Tuesday
Cryptocurrency mining stocks recorded gains, on Tuesday, due to a price rebound among cryptocurrencies including Bitcoin ( BTC -0.08% ), in addition to the hotter than normal stock market. The S&P 500 was up 2%, which is a big move for a single day. And Bitcoin is up 4% over …
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8 December 2021 12:35 am
USD Benefits From Markets’ Optimism
Markets were more active on Tuesday, with optimism leading the way. Hopes that the Omicron coronavirus variant is milder and will not interrupt the economic comeback sent global shares well into the green territory.It is still too early to say how things will turn out with the new COVID-19 strain. …
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8 December 2021 12:26 am
Gold Market’s Surplus Continues In 2022
Strong economic recovery, rising nominal yields and potential rate hikes are factors that together hurt investors’ appetite for gold, which has affected other precious metals as well, according to the latest report by London-based Metals Focus Consultancy.Metals Focus said that the threat of new virus variants, concerns of stagflation and …
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8 December 2021 12:14 am
Debt Ceiling Plan Relies On Help By Republicans
Republicans leaders have declared for months that they will not vote with Democrats to raise the debt ceiling. Top lawmakers may have found a new way for Democrats to hike the borrowing limit before 15 December, the date when the Treasury will no longer be able to pay its bills.The …
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7 December 2021 11:52 pm
Canadian Credit Market Reflects Positive Momentum
Q3 2021 TransUnion Credit Industry Insights Report (CIIR) was released on Tuesday, showing increased consumer credit activity as the economy reopened. Canada’s Credit Industry Indicator (CII) rose to 101.7 points, up eight points from Q2 2021 and up 38 points from the lowest point in the pandemic (August 2020 at …
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7 December 2021 11:43 pm
Instability Risk Tops China’s Key Economic Meeting Agenda
China’s top leadership made stability its top economic priority for next year, indicating that it will redouble efforts to support the economy as growth slows, analysts say.At a Monday meeting led by President Xi Jinping, China’s Politburo vowed to expand domestic demand, promote the healthy development of the property industry, …
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7 December 2021 11:30 pm
Tech, Auto Help European Shares’ Best Gains in One Year
European stocks jumped 2.5% on Tuesday, boosted by a solid rebound in technology shares as worries somewhat eased over the Omicron coronavirus variant, while German shares surged close to 3% led by automakers.Likewise, the continent-wide STOXX 600 Index witnessed its best session since last November, bouncing back to levels before …
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7 December 2021 10:58 pm
Wall Street Leaps On Tech, Chipmaker Shares
Wall Street’s main indexes are strongly leaping on Tuesday, with the Nasdaq surging 3% as investors piled onto beaten-down quality technology stocks, while Intel jumped after plans to take its self-driving car unit public.The chip giant’s (INTC.O) decision to list Mobileye in the United States in mid-2022 was met overwhelmingly, …
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7 December 2021 10:44 pm
RBA Keeps OCR Steady At 0.10%
The Reserve Bank of Australia (RBA) board members decided, on Tuesday, to leave the official cash rate (OCR) unchanged at a record low of 0.10% during their December monetary policy meeting.The board decided to maintain the interest rate on exchange settlement balances at zero percent. The board decided to continue …
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7 December 2021 10:26 pm
BoC Ponders Groundwork For Rate Hikes
The Bank of Canada is expected to keep the major part of focused spotlight on inflation at its policy decision, as the country’s central bank is about to encounter an aggressive campaign in favour of interest rate hikes. Policy makers led by Governor Tiff Macklem are unlikely to raise their …
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7 December 2021 9:40 pm
Oil Surges, EIA Raises 2022 World Oil Demand Growth Forecast
In its monthly Short Term Energy Outlook (STEO) report, the US Energy Information Administration has raised its forecast for 2022 world oil demand growth by 200000 barrels per day (BPD).This data was released on Tuesday, and now demand growing 3.55M BPD YoY next year. The EIA STEO cut its forecast …
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7 December 2021 9:24 pm
White House Expects Economy To Power Through Omicron
White House economist believes that inflation is falling by about half and admits that the pandemic has challenged economic forecasting as the Federal Reserve targets inflation at 2%. Existing vaccine protections should help the United States to largely power through the emergence of the omicron coronavirus variant and avoid additional …
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