Market in Review 5/24/2024

MARKET REPORT – Lyon Stock Exchange. The oldest French exchange is in Lyon, not Paris. Est 1540 – US UoM revised up from prelim – US Durable Goods Rise +0.7% vs Exp -0.8% – US Fed’s Waller has not changed his view that the neutral rate is relatively low – The odds for an ease […]

Market in Review 3/20/2024

MARKET REPORT Review: – FED LEAVES RATES ON HOLD INDICATES 3 RATE CUTS FOR 2024 – Fed leaves Rates at 5.25-5.5%, 23yr High for a 5th consecutive meeting – Policy makers ‘do not expect to alter target range until greater confidence inflation moving lower’ – GDP see higher in 2024, 2.1% vs 1.4% (Dec project), […]

Market in Review 2/1/2024

MARKET REPORT Review: – US NFP TOM MORN. All eyes. (+AU PPI) – Strong ISM Manufacturing – Conflicting Gaza ceasefire reports – Rising initial jobless claims – BoE hold rates, as expected (three-way split) – Stocks up, Dollar down, crude down, crypto consolidates, Gold flat. DOLLAR: – AUD UNCH: 65.71                        UNCH (65.10 – 65.75) […]