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Inflation Out Of Control Or Transitory? Risks And Data Points To Track
Video By:
Elazar Advisors, LLC
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Thursday, June 24, 2021 8:29 AM EDT
The Fed has been sticking to their mantra of transitory. They admit their dot plot will be wrong but their lack of care on inflation has been mostly accepted.
Gold Price Forecast: XAU/USD Looks To Retest $1794 If The Rebound Sustains – Confluence Detector
Article By:
Dhwani Mehta
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Thursday, June 24, 2021 8:25 AM EDT
Gold catches a fresh bid but remains confined in a familiar range. US dollar remains broadly subdued amid a return of risk appetite.
S&P 500 Forecast: Index Continues To Test All-Time Highs
Article By:
Christopher Lewis
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Thursday, June 24, 2021 8:20 AM EDT
The S&P 500 went back and forth during the trading session on Wednesday as it continues to reach all-time highs.
In this article: SPX
Gold Is Trying To Make A Long Breakout
Article By:
Nenad Kerkez
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Thursday, June 24, 2021 8:12 AM EDT
Gold is preparing for a long breakout if momentum persists.
In this article: GLD
Deep Dive: SMEE And China's Attempt To Replace ASML Tools
Article By:
EqualOcean
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Thursday, June 24, 2021 7:55 AM EDT
Everything you need to know about Shanghai Micro Electronics Equipment, the Asian nation's low-key photolithography system champion.
We Were Shocked – Shocked! – That Massive Stimulus Caused Inflations Caused Inflation
Article By:
Michael Ashton
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Thursday, June 24, 2021 7:47 AM EDT
This has become a very easy meme for Fed officials and disinflationistas: inflation is “transitory” over some unstated period because almost everything we are seeing is the direct result of the abrupt reopening of the global economy.
Tesla Pushes Nasdaq To Set New Highs
Article By:
Admiral Markets
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Thursday, June 24, 2021 7:37 AM EDT
During yesterday's session, the U.S. Nasdaq marked new all-time highs supported mainly by the rises led by Tesla to score 5.27%.
Nightmarish Inflation Is Already Here But The Fed Is Denying That It Even Exists
Article By:
Michael Snyder
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Thursday, June 24, 2021 7:30 AM EDT
Over the past year, politicians in Washington have gone on the largest spending binge in U.S. history by a very wide margin, and the Federal Reserve has created the most enormous financial bubble of all time.
Did The People's Bank Of China Signal It Is Content With The Yuan's Pullback?
Article By:
Marc Chandler
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Thursday, June 24, 2021 7:29 AM EDT
The dollar peaked yesterday near CNY6.4910, its best level since late April. We suspect Chinese officials are content with this month's yuan pullback. Today's fixing was nearly spot on expectations at CNY6.4824.
How To Trade Amazon Stock Today
Article By:
Money Morning
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Thursday, June 24, 2021 7:19 AM EDT
Amazon's $9.9 billion haul in 2020 wasn't bad, but analysts expect 2021 receipts to top $11.7 billion, as more than 150 million Prime customers hit "Add to Cart" on hundreds of thousands of specially marked items.
US Q2 Economic Estimate Still Expected To Post Strong Growth
Article By:
James Picerno
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Thursday, June 24, 2021 7:15 AM EDT
Next month’s preliminary estimate of US economic activity for the second quarter remains on track to deliver another round of accelerated growth, based on a set of recent nowcasts.
The US Dollar Index Is Overbought And Gold Is Now Oversold
Article By:
Mike Swanson
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Thursday, June 24, 2021 7:12 AM EDT
The US dollar has been rallying now for about four weeks after reaching an oversold condition on its technical oscillator indicators such as the RSI.
Euro Higher By Positive German IFO Business Climate Of 101.8; VWAP Perspective
Article By:
The Private Banker
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Thursday, June 24, 2021 7:08 AM EDT
Euro rose against the dollar about 0.15% in the early European trading session by the positive German IFO Business Climate which rose to 101.8 from previously 99.2 and is higher-than-expected with the forecast of 100.8.
In this article: FXE