Market in Review 12/14/2023
MARKET REPORT Review: – Dollar down another 1% – Powell DEC 1st “premature to conclude with confidence that we have achieved a sufficiently restrictive stance, or to speculate on when policy might ease” – Powell DEC13th “cuts are something “that begins to come into view, and is clearly a topic of discussion out in the […]
Market in Review 12/13/2023
MARKET REPORT Review: – Dollar smoked – The Summary of Economic Projections showed that the FOMC expects the Fed Funds rate to be 4.75% vs 5.25% previously projected – Dollar down vs EVERYTHING. AUD +1.65%, Euro -0.75%, Pound +0.4% (underperformer, hint, it’s a buy), Yen SMOKED -2.3%! (Yesterday you got long and were wrong. 140 […]
Market in Review 12/12/2023
MARKET REPORT Review: – US CPI largely in-line – Core CPI figures as expected – 0.3% M/M and 4.0% Y/Y, headline M/M rose 0.1% (above exp. 0.0%), while the headline Y/Y lifted 3.1%, as expected. – Fed pricing sits more hawkish to pre-data levels with 110bps of cuts priced across 2024 vs 117bps (pre-data), first […]
Market in Review 12/11/2023
MARKET REPORT Review: – US CPI TOMORROW! (Nothing else matters) – Dovish BOJ sources. YEN hit, a ‘BoJ sources’ piece from Bloomberg stated that the BoJ is said to see little need to end negative rates in December – Dollar flat across board except gains vs Yen (reversal of Thursdays statement) – Equities ND outperforms, […]
Market In Review 12/8/2023
MARKET REPORT Review: – Non Farm Payrolls outperforms. – Dollar up smalls across board, +0.3% vs AUD @, +0.3% vs EUR @, +0.3% vs GPB @, up 0.5% vs YEN – Equities small bid, DOW + @, ES + @, ND + @ – GC sold off post number – @, SI worse down , […]
Market in Review 12/4/2023
MARKET REPORT Review: – Dollar Index up on pre Non Farm nerves (my explanation). Dollar up vs AUD at 66.19 -53pips/0.8%, up vs EUR at 92.27 +40pips/0.45%, up 78 pips/0.6% at 126.31 vs Pound, and up vs the Yen, 147.20 +44 pips/0.3%. – Dow down 0.14% 36250, ES down 0.6% at 4575, ND continues to […]
Market in Review 12/1/2023
MARKET REPORT Review: – Dollar Down post Powell. Dollar down vs AUD at 66.71 +67 pips/+1%, UP SMALLS vs EUR at 91.89 +9 pips/0.1%, down 83 pips vs Pound 127.09 +0.65%, and smoked vs the Yen, 146.85 -135 pips/0.9%. Dow/ES UP (D up 300 points) +0.9% & 0.6%, ND up smalls 0.3%, closes above 16k. […]
Market in review 11/30/2023
MARKET REPORT Review: – Dollar UP. Dollar up smalls vs AUD at 66.07, Almost up one percent vs EUR at 91.82, over half a percent vs Pound 126.25, and almost 1% vs the Yen, 148.19. Dow/ES UP (D up 500 points), ND down smalls. Crude HIT 2.75%, Gold and Silver consolidate levels. Coins rest with […]
Market in Review 11/29/2023
Early bid tone for the Greenback from Barkin was tempered by a dovish Bostic and a mixed bag from usually hawkish Mester
Market in Review 11/28/23
Market Report. Today: – Dollar down on Fed Hawk Waller hinting IR cuts. Dollar down vs Yen, AUD, GBP, EUR in that order. EQ up smalls across the Indexes, Crude up 2%, Gold continues to firm, Silver continues to outperform its bigger brother, BTC and ETH push higher, Treasuries up. – Israel/Hamas truce breaches; OPEC+ […]
