Currencies
Now, Joe Biden indicates his opening salvo for spending will be a $1.9 trillion COVID relief package, which will quickly be followed up by another two-trillion-dollar economic spending deal. For now, most of the major currencies pulled back on Monday with the exception of the New Zealand dollar.
Metals
Gold moved briefly below it in recent days, after which it rallied back up, and right now it’s very close to the upper right corner of the rectangle. Also adding to the upswing, one of the most popular gold indicators – the stochastic oscillator (see below) dipped below 20 last week. Gold also continues to decline in today’s pre-market trading, despite a small move lower in the USD Index. I wrote about this previously (Jan. 21), saying that there’s a good reason for gold to reverse any day (or hour) now.
Radomski is the author of Sunshine Profits’ Gold & Silver Trading Alerts and many of company’s investment tools. After injecting itself with Janet Yellen’s stimulus sentiment, gold came down from its highs on Friday (Jan. 22). Well, gold fell by 0.52% as the Yellen-led intoxication began to wear off.
Radomski is the author of Sunshine Profits’ Gold & Silver Trading Alerts and many of company’s investment tools. After injecting itself with Janet Yellen’s stimulus sentiment, gold came down from its highs on Friday (Jan. 22). Well, gold fell by 0.52% as the Yellen-led intoxication began to wear off.
United States
image source The US budget deficit is up 60.7% in only the first three months of the budget year. Melvin started the year with $12.5 billion and had been one of the best performing hedge funds on Wall Street in recent years. His market analysis can also be read in most major financial publications, including the Wall Street Journal. Additionally, Michael has worked at an investment advisory firm where he helped create ETFs and UITs that were sold throughout Wall Street.
While the Dow Jones Industrial Average, extended its slide for the third trading day, Nasdaq and the S&P 500 held onto their gains. He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post. Palantir was awarded a $1.5-billion contract by the Trump administration for the use of its software. It’s no secret that the fourth quarter was hard for the US.
0 While the Dow Jones Industrial Average, extended its slide for the third trading day, Nasdaq and the S&P 500 held onto their gains. He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post. Palantir was awarded a $1.5-billion contract by the Trump administration for the use of its software. It’s no secret that the fourth quarter was hard for the US.
