Bitcoin makes a break for it before stalling at the November high
Bitcoin began to spring to life on Thursday and has gone straight-vertical since as risk assets globally spike. The high was $21,292 where it ran into some sellers just ahead of the November high. Last was $20,812, up $1001 on the day. I take this as not-only a good sign for crypto but for risk […]
EUR/USD heads for biggest weekly gain since November despite Friday’s slide
EUR/USD about to post the highest weekly close since May 2022. US Dollar back under pressure, heads for sharp weekly losses. US Consumer Confidence rises more than expected in January. The EUR/USD trimmed daily losses during Friday’s American session, rising back above 1.0800. The euro was holding onto significant weekly gains, headed toward the biggest close […]
Australian housing finance (November) dribbling lower in the face of higher interest rates
The next Reserve Bank of Australia meeting is February 7 where analyst consensus is for a +25bp rate hike to take the cash rate to 3.35%. Market pricing is not totally on board with that extent of a hike though. I am: Anyway, Australian housing fiance data for November 2022: ADVERTISEMENT – CONTINUE READING BELOW […]
Crude Oil Posts Biggest Rally Since November 4 with CPI Volatility Ahead
US Oil, Interest Rates and Recession Talking Points: The Market Perspective: WTI Oil Range Between 80 and 70; Oil Bearish Below 70 WTI crude oil has worked its way back into a technical situation between a prevailing bear trend from June and uneven technical support between 70 and 72 The upcoming CPI release will likely […]
China bought another 30 tonnes of gold in December 2022, following 32 tonnes in November
Information posted to the People’s Bank of China website over the weekend reported it increased its holdings of gold Gold Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold […]
JOLTS Job Openings little changed at 10.45 million in November
Job openings in the US declined margianlly in November. US Dollar Index continues to rise toward 104.50. The data published by the US Bureau of Labor Statistics (BLS) revealed on Wednesday that the number of job openings on the last business day of November was 10.45 million, compared to 10.51 million in October and the […]