Gold Prices Weighed Down on Falling Breakeven Rates as NFP Report Approaches

As it turns out, during so-called Federal Reserve interest rate-hike cycles, which we seem set to enter as early as March, the U.S. stock market tends to perform strongly, not poorly.

If consumption remains elevated, California ports will “never” fully clear the hurdles needed to alleviate the supply chain, absent major infrastructure investments, RBC says.

Veteran investor Kyle Bass warned stocks could crash this year, predicted an oil-price surge within months, and blasted buyers of Chinese equities as irresponsible, in a CNBC interview this week. Federal Reserve officials, under pressure to curb soaring inflation, are widely expected to hike interest rates and trim the central...

Investors are pulling interest rates higher, which threatens to push buyers out of the housing market.

The Federal Reserve and Treasury Secretary Janet Yellen said last May that they didn’t anticipate inflation to be a major problem and that any rise in prices would be temporary. Both the Fed and Yellen reversed course when it became evident that prices, particularly of consumer goods, are rising sharply. And essential to nearly all […]

There continued to be hesitancy in global market sentiment. Wall Street started off 2022 on a sour note, though the second week was less painful. Nasdaq 100 futures were little changed. This is as Dow Jones and S&P 500 futures declined about 0.8% and 0.3% respectively. European and Asia-Pacific benchmark stock indices did not fare any better.

The US Dollar (via the DXY Index) was on its way to its worst weekly performance since May 2021 before a late-week rally offered relief. US Dollar net-long positioning fell for the first time in a month, but remains near its most net-long level since October 2019. The IG Client...

Gold is under pressure near Friday's close while the US dollar corrects. The focus will be on Chinese data to start the week following US economic disappointments for December. Update: Gold (XAU/USD) pares intraday losses during the three-day downtrend around $1,815, down 0.10% on a day, during Monday’s Asian session....

The S&P 500 index is hovering near all-time highs as earnings season arrives. Analysts are anticipating a 22% YoY earnings growth rate for the broader market in Q4. Goldman Sachs, Bank of America, Morgan Stanley and Netflix results are in focus this week. The Dow Jones, S&P 500 and Nasdaq...

Gold prices traded flat at around $1,816 on Monday after rising 1.6% last week. Japanese machinery orders expanded at 11.6%, Chinese GDP grew 4.0% - both beat expectations. Gold prices are eyeing $1,834 for immediate resistance, breaching which may open the door for further gains. Gold held steadily during Monday’s...

Dow Jones, S&P 500 and Nasdaq 100 indexes closed -0.56%, +0.08% and +0.75% respectively. JPMorgan and Citigroup dipped after earnings reports. Both highlighted higher expenses as key headwinds. Asia-Pacific futures are pointing to a mixed start for the week. US markets are shut for a holiday. US Bank Earnings, China...

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Australian Dollar, AUD/USD, China GDP, Data, PBOC, Commodities - Talking Points. China’s 4th quarter GDP was solid but still its lowest since 2Q 2020. Covid-19 zero case policy is taking its toll, PBOC might have to act. If the PBOC does add stimulus, Will AUD/USD benefit?. Chinese GDP printed...

Billionaire hedge-fund manager Bill Ackman says the Federal Reserve needs to deliver old-fashioned shock and awe to financial markets with a big rate hike.

Australian Dollar, AUD/USD, China Q4 GDP, Technical Outlook – Talking Points. Australian Dollar in focus as China’s Q4 GDP growth rate data readies to cross the wires. Asia-Pacific markets face a busy week ahead, with BoJ and Australian Jobs report due out. AUD/USD eyes confluent area of resistance...

Crude Oil, China GDP, PBOC, Japan, USD/JPY - Talking Points. Crude oil prices are marching higher as the northern winter arrives. APAC equities were mixed, currency and rates markets were quiet. Energy commodities are up on the day.Will WTI make a new high?. Crude oil managed to hold onto Friday’s...

EURO, US DOLLAR, EUR/USD, TECHNICAL ANALYSIS – TALKING POINTS:. Euro struggling to follow through after sharp rally out of 3-month range. Technical positioning seems inconclusive as bullish, bearish cues compete. Retail sentiment narrowly favors weakness but the signal is weak for now. The Euro shot higher out of a...

Shares were mixed in Asia on Monday after China reported that its economy expanded at an 8.1% annual pace in 2021, though growth slowed to half that level in the last quarter.Tokyo, Shanghai and Sydney rose, while Hong Kong and Seoul declined. The weakness in China's economy toward the end of 2021 is prompting suggestions Beijing should intervene to prop up growth with interest rate cuts or by injecting money into the economy through public works spending.Shortly before the growth data were released, the Chinese central bank announced a rate cut on medium-lending to commercial banks to the lowest...

The banks say the major profit increases are due to improving economy and consumers, as well as businesses, willing to spend and take on loans.

Is cash your best option amid high prices and market volatility?