Investors are hopeful that a trade war can be averted. Dollar and Treasury yields slide ahead of tomorrow’s NFP. Yen rallies on BoJ hawkish remarks; BoE decides on rates. Wall Street gains, gold...
The Fed is cautious, and so is the Bank of Japan. The ECB seems determined to keep cutting and the Bank of England might be tempted to speed up its rate reduction pace later in the year. The US...
Gold Continues Rising The gold (XAU/USD) price rose by 0.81% on Wednesday as investors continued to flock to safe-haven assets amid escalating concerns about the economic impact of a potential...
The private sector added 183K jobs in January, which was well above the market's expectation of 148K. These results were a little better than last month (December), revised to a net gain of 176K, and...
The services sector expanded at a slower pace than expected in January, with the ISM PMI coming in at 52.8. The street was expecting 54.2, and January’s result was lower than the previous month at...
Rates fell sharply yesterday following a weaker-than-expected ISM services report. The quarterly refunding announcement showed no significant shifts in how the Treasury plans to issue debt. With...
US bonds rip higher, 10-year yields dive Gold charges to fresh records, no topping signals yet USD/CHF cracks key support, downside risk builds Payrolls data the next big test Summary US long bonds...
I am continually fascinated by how many second-order ‘understandings’ are missed, even by those people who have a really good first-order understanding of finance. For example, every financial...
Ally Financial Inc. (NYSE: NYSE:ALLY) is a digital financial services company specializing in automobile loans. They were originally the financial arm of General Motors Inc. (NYSE: NYSE:GM). The...
There’s a lot of exaggerations going on. I pointed out that it’s an exaggeration to believe that tariffs cause inflation. It was a great exaggeration to believe that we were going to get into a...