Currencies
Gene comments on stock, bond, dollar, oil & gold markets, with a particular emphasis on monetary policy, technology issues and S&P intraday action. It recently traded above $1,850, in line with a declining dollar and a falling 10-year real rates yield. It s a busy day for economic data, with GDP prints from the euro zone as well as U.K. job data. Hence, the lower US dollar helps to boost the price of gold.
Metals
Gold & gold stocks are showing increasing relative strength against stocks and bonds. Inflation alone is enough to break the inverse correlation between the price of gold and the real rates. less Image Source: Pixabay The price of gold rebounded strongly from below the $1,700 level and continues its bullish run. Should inflation reach 8% annualised, it should boost the price of gold even more. He is also the author of the 2015 book, The Coming Renewal of Gold’s Secular Bull Market which is available for free.
The Fed’s dovishness is just one of the reasons for the bullish trend in the gold market. Gold has been traditionally viewed as a hedge against inflation. Watch Silver as a leading indicator to see if it can break $28.50 on a weekly and monthly basis.
The Fed’s dovishness is just one of the reasons for the bullish trend in the gold market. Gold has been traditionally viewed as a hedge against inflation. Watch Silver as a leading indicator to see if it can break $28.50 on a weekly and monthly basis.
Oil
Anand RathiKirloskar Oil (Buy)Target: ₹297CMP: ₹209.60Driven by healthy performance in all divisions (except Large Engines), Kirloskar Oil Engines reported the best revenue of Rs 910 crore in Q4 FY21.
United States
Now that bond traders, consumers and economists are all worrying about inflation more than they used to, should the Fed be a little more concerned? The legendary Fed chairman of the 1980s successfully convinced a generation of economists that U.S. inflation wouldn t be allowed to get out of hand again. In the past year, the Fed made no secret that it will remain accommodative beyond the point where the economy will recover. Global cues from the Asia-Pacific markets are positive even as the US and European markets closed in the red overnight.
One final measure of expectations comes from a quarterly survey conducted by the Philadelphia Fed. The Fed wants this to happen to a certain extent, as it is trying to breathe more life into the labor market. The recovery is here, much stronger than expected, and the Fed does what it promised to do. His views have been quoted in Barron’s, the Wall Street Journal, on CNN and now on his own ingerletter.com web site.
People in Wall Street and the City of London and other financial centers used to talk to each other.
One final measure of expectations comes from a quarterly survey conducted by the Philadelphia Fed. The Fed wants this to happen to a certain extent, as it is trying to breathe more life into the labor market. The recovery is here, much stronger than expected, and the Fed does what it promised to do. His views have been quoted in Barron’s, the Wall Street Journal, on CNN and now on his own ingerletter.com web site.
People in Wall Street and the City of London and other financial centers used to talk to each other.
Europe
Extraordinary video conference of EU foreign ministers to discuss situation in Israel and Palestine Commission presents business tax communicationLike the Brussels Edition?Don t keep it to yourself. Informal meeting of Ministers responsible for cohesion policy 11 a.m. EU Ombudsman s annual press conference 2 p.m.
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