Metals News
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The watch-collecting community was out in force this week as Only Watch, Christie’s, Sotheby’s, Phillips, and Antiquorum made up the collective of Geneva’s Spring Watch Auctions. Highlights included 47 one-of-a-kind pieces at Only Watch, rare watches from Michael Schumacher’s personal collection at Christie’s, and some extraordinary timepieces from Italian ...
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In advance of today's CPI and Real Earnings releases, BLS inadvertently loaded a subset of files to the website approximately 30 minutes prior to the release. BLS has alerted the Office of Management and Budget and DOL's Office of the Inspector General of the incident. BLS takes its data security seriously and is conducting a full investigation into its ...
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There are certain names that echo down from the history of finance and economics. Adam Smith is one. Milton Friedman is another. So does the British economist John Maynard Keynes. Keynes’ was, and famously remains, an advocate of government deficit spending in a recession. It’s hard to imagine now how radical this position was in the decade before the ...
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post: Fed’s Mester: It Will Take Longer to Gain Confidence Inflation’s Moving Toward 2% Fed’s Mester: Current Restrictive Policy Will Help Lower Inflation Fed’s Mester: Welcomes CPI Data Sign of Cooling Inflation Fed’s Mester: Expects Gradual Progress on Lowering Inflation post: FED’S MESTER: RISKS TO THE INFLATION SIDE OF FED MANDATE HAVE INCREASED. post: <=USD>:*FED'S MESTER: PRUDENT TO HOLD RATES 'FOR LONGER' TO ASSESS DATA *MESTER: INFLATION PROGRESS WILL DEPEND MORE ON EASING DEMAND *MESTER: DATA SUGGEST RISKS TO FED'S INFLATION GOAL HAVE RISEN *MESTER: READINGS ON SHORT-TERM INF. EXPECTATIONS HAVE RISEN
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Industrial production in the United States in April remained unchanged in April compared to the month prior, the Federal Reserve shared in its report posted on Thursday. The industrial output fell 0.4% year over year. Manufacturing production edged down 0.3% month on month and 0.5% compared to April 2023. Mining lost 0.6% compared to March and saw an annual ...
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It’s rare when a target is reached so perfectly as it’s the case in the USDX right now. In yesterday’s analysis, I provided a lot of contexts for the current prices moves. Today, I’ll focus on the short-term price moves and I’ll start with the market where we saw the clearest, immediate-term indication: the USD Index. The Fibonacci retracement levels ...
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Here are some things I think I am thinking about this week: 1) CPI comes in soft: Wednesday’s CPI report was a big relief for the Fed after 4 consecutive upside surprises. The key ...
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The new tariffs on Chinese electric vehicles, semiconductors and medical supplies announced by the Biden administration on Tuesday raised questions for U.S. consumers and prompted ...
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The global economic expansion unfolded at the fastest pace in ten months at the start of the second quarter of 2024, supported by broad-based growth across both manufacturing and ...
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In the week ending May 11, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 10,000 from the previous week's revised level. The previous week's ...
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Euro area financial stability conditions have improved as recession risks decline, but markets remain exposed to possible adverse macro-financial and geopolitical surprises Tight ...
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The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis, after rising 0.4 percent in March, the U.S. Bureau of Labor ...
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It’s rare when a target is reached so perfectly as it’s the case in the USDX right now. In yesterday’s analysis, I provided a lot of contexts for the current prices moves. Today, I’ll focus on the short-term price moves and I’ll start with the market where we saw the clearest, immediate-term indication: the USD Index. The Fibonacci retracement levels ...
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Silver initially shot higher during the trading session on Wednesday but has given back quite a bit of the gains as we tried to break out. Ultimately, silver is a market that is highly manipulated, and you need to be aware of this. J.P. Morgan has spent millions paying off fines for doing exactly this, but when you make billions, that’s just the “cost of ...
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Gold prices hit an all-time high of $2,448.80/oz. on April 12, 2024, on the back of hotter-than-expected NFP, sticky inflation and rising geopolitical risk. These factors attracted inflow of funds as shown by increasing managed money long positions to around two-year high. Despite the pullback towards the end of the month as profit-taking and U.S. dollar ...