Investor Michael Farr: The Fed’s fine-tuning of every economic soft patch must eventually must end
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a press conference following the Federal Open Market Committee meeting in Washington, D.C., May 1, 2019. Anna Moneymaker | Bloomberg | Getty Images It’s rare that I feel that both...
Canadian Inflation & Retail Sales Figures May Lift the Loonie
After losing some ground last week in the face of a stronger US dollar and softer oil prices, the Canadian dollar will now turn its sights to the nation’s inflation and retail sales figures, due out on Wednesday and Friday...
Kudlow says the White House is not considering demoting Fed Chair Powell right now
President Donald Trump is not currently considering removing Jerome Powell as head of the Federal Reserve, despite persistent White House criticism of the way the central bank is handling monetary policy, one of the president’s top advisors said. Larry Kudlow,...
CRUDE OIL Recovers Further Higher On Correction
CRUDE OIL recovers further higher on correction. Support lies at the 53.00 level where a break will expose the 52.30 level. A cut through here will set the stage for a run at the 52.00 level. Further down, support comes...
How the trade war with China could crush California’s $2.7 trillion economy and hurt other states
Roughly one year into the U.S. trade war with China, importers and exporters are still finding workarounds for the tariffs. But with new tariffs going into effect this month and no end to the battle in sight, experts say it...
Gold Spikes to 14-Month Highs; Could Gain More
Gold bulls took over again on Tuesday, driving the price near Friday’s 14-month high of 1,358. The location of the RSI – above 70 – hints that the bullish action may be overdone, and therefore no space is left for...
Euro Tumbles, German Yield Hits Record Low as ECB Prepares for More Easing
Surprisingly dovish comments from ECB President Mario Draghi sent Euro sharply lower, and German 10-year yield to new record low today. There are some speculations that ECB could eventually cut interest rates, with a tiered system”, alongside released of new...
US housing starts fall in May, but starts for the prior two months were revised higher
Construction workers build a single-family home in San Diego. Mike Blake | Reuters U.S. homebuilding unexpectedly fell in May, but data for the prior two months was revised higher and building permits increased, suggesting that the housing market was drawing...
Fed should listen to the Treasury market’s screams to cut rates, Wall Street bull Tony Dwyer says
If the Federal Reserve fails to signal on Wednesday a rate cut, the June rally could hit the skids,Wall Street bull Tony Dwyer warns. The Canaccord Genuity chief market strategist contends it’s necessary for the Fed to ease soon to...
Australian Dollar Tumbles on Dovish RBA Minutes, Sterling Weakens Too
Australian Dollar drops broadly today after RBA minutes confirm that more rate cuts are underway. Additional, worse than expected house price data gives the Aussie more selling pressure. Sterling is not far away as second weakest, ahead of the next...
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