Gold Price Preview: October 25 - October 29

Good morning, traders; Welcome to our market week preview, where we take a look at the economic data, market news and headlines likely to have the biggest impact the price of gold this week and beyond, as well as market prices for silver, the US Dollar, and other key correlated assets.
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The New Fed Board Could Be Even More Dovish

The U.S. Federal Reserve is the world’s most dovish central bank considering its ultra-accommodative policy support of the only major economy that has recovered to its pre-COVID-19 growth trend. While a less accommodative Fed may be a fair future expectation, it instead may become even more dovish following the departures...
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Gold holds above $1,800 mark on inflation worries

BENGALURU: Gold prices reclaimed the $1,800 mark, supported by persisting worries over inflation, as investors looked ahead to the next Federal Reserve meeting for its outlook on the monetary policy. Spot gold rose 0.5 per cent to $1,801.22/ounce by 1203 GMT. The US gold futures rose 0.4 per cent to...
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Nasdaq 100 Leads Monday Rebound as Facebook Posts Mixed Q3 Earnings

Nasdaq 100, Tesla, Facebook Earnings, Federal Reserve – Talking Points. Facebook earnings beat estimates, but revenue and guidance comes up short. Tesla shares surge on announcement of 100k car deal with rental company Hertz. Apple, Amazon, Alphabet, Microsoft also report this week with FOMC next week. US equities pushed higher...

Gold extends gains after powell stressed on inflation pressures

Federal Reserve Chair, Jerome Powell, sounded a note of heightened concern over persistently high inflation as he emphasized that the central bank would begin tapering its bond purchases shortly while remaining patient on raising interest rates. The risks are now longer and more persistent bottlenecks, leading to higher inflation, he...

Weekly Stock Market Report: Earnings, FOMC & Inflation

Core central bankers have a difficult task ahead, trying to chart a course to start to unwind pandemic stimulus while addressing rising inflation pressures amid widening and varying impacts from supply chain disruptions. Policy decisions from the ECB, BoJ, and BoC are front and center this week, with the FOMC and BoE next. None are expected to hike rates yet, but the BoC, BoE, and FOMC are looking to start or continue slowing QE purchases in the near future.

Futures edge higher as Big Tech earnings take centre stage

(Businesshala) – US stock index futures rose higher on Monday as investors geared up for earnings reports from heavyweight technology companies this week, while PayPal said it was not interested in buying Pinterest. Tesla Inc. rose 2.6% in premarket trading after the electric-carmaker raised prices of its Model X, Model...

Weekly forex forecast: Major breakouts in AUD, NZD [Video]

USD (DXY), EUR, GBP, CHF, JPY, CAD, AUD & NZD. EurUsd, UsdJpy, NzdUsd, AudUsd, Crude Oil (WTI), EurCad, CadJpy, AudJpy, AudChf, NzdChf, EurAud, EurNzd, SPX (S&P 500), Russell 2000, Nasdaq, Dow Jones, Nifty, XauUsd (Gold Analysis), XagUsd (Silver Analysis), Btc/Usd ( Bitcoin Analysis) & more!. Weekly notes. Last week saw...

Gold Above $1,800 on Inflation Worries

Gold prices reclaimed the $1,800 mark on Monday, supported by persisting worries over inflation, as investors looked ahead to the next Federal Reserve meeting for its outlook on monetary policy. Spot gold rose 0.5% to $1,801.22 per ounce by 1203 GMT. U.S. gold futures rose 0.4% to $1,802.50. While there...

The inflation scare is accelerating the timetable for the Fed to raise rates

Outlook: It seems like every day we get another Fed official affirming that tapering will be announced at the November FOMC and also that inflation will be higher than we used to think. Over the weekend, TreasSec Yellen joined the chorus about higher inflation readings that will persist to mid-year next year. On Friday Fed chief Powell worried about high inflation persisting and continues to assert the Fed is watchful and can manage whatever happens.

October flashlight for the FOMC blackout period

We expect the FOMC to formally announce plans to taper asset purchases at the conclusion of their next meeting on November 3. "Substantial further progress" has clearly been made on the Fed's inflation goal since last December when inflation was well below the Committee's 2% target. Currently, at3.6%, core PCE inflation is at its highest level since 1991.

Municipal Calendar Week of 10/25/2021

Primary market activity is slated to cool off following last week's active new issue session which posted double digit pricing figures spanning a myriad of issue types despite overarching interest rate volatility paired with mounting inflation concerns. While equities continue to climb to record levels, treasury yields widened over the week, attributed to stagnant economic recovery with municipal benchmarks following suit after cuts of 3-7bps were noted across the scale, with the widest movement noted in the intermediate range of the curve. Fluctuations across muni benchmarks have triggered greater shifts within the intermediate and long-end ratios, with the 10YR currently hovering at ~74% and 30YR sitting at ~83%, prompting investors to take a closer glance at implied value when purchasing new issue paper. Buyside investors remain focused on an array of economic indicators after recent labor department jobless figures hovered ~300k, playing a factor in FOMC asset purchase tapering in addition to potential rate hikes in effort to combat pressing inflation registered throughout the nation. As supply chain bottle necks persist, supply shock continues to permeate across numerous sectors, resulting in limited inventory and expanding costs associated with common goods and services, prompting greater uncertainty across successful economic expansion and recovery. Stalled bipartisan conversations behind additional federal stimulus support across infrastructure and social projects remains a focal point amongst market players given the nature of rapidly evolving market conditions, prompting state and local governments to take advantage of current borrowing levels ahead of any impending rate hikes. As market participants navigate further into the fall season, new issue supply levels are expected to remain consistent driven by seasonal fundamentals despite heightened cross currents across macro markets. Given the general consensus of climbing interest rates, the market is heading towards an inflection point among borrowers whom seek to actively reduce debt service expenditures via current opportunistic borrowing levels.

US Stock Market Technical Analysis | October 25, 2021

DJIA futures slightly higher after previous week record high. U.S stock market might open higher today following the bullish streaks that happen the previous week. More earnings results were released this week and there is no reason to become bearish yet. Last week, China’s Evergrande paid bond coupon, buying more time before the next major payment which is on Friday. The news is rejoiced by the market and provides hope that the company will avert the current debt crisis.

Contrasting Ares Capital (NASDAQ:ARCC) and FOMO (OTCMKTS:FOMC)

Ares Capital (NASDAQ:ARCC) and FOMO (OTCMKTS:FOMC) are both finance companies, but which is the superior stock? We will compare the two companies based on the strength of their analyst recommendations, earnings, profitability, valuation, risk, institutional ownership and dividends. Volatility & Risk. Ares Capital has a beta of 1.19, meaning that...