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[AP] Egypt media cite progress in truce talks as Israel downplays chances of end to war with Hamas [Yahoo/Bloomberg] Bond Market Parties On as Jobs Data Revive Fed Rate-Cut Bets [Reuters] Fed’s Williams says 2% inflation target ‘critical’ [Yahoo/Bloomberg] Traders Spooked by Intervention Risk Trim Record Yen Shorts [AP] Houston braces for flooding to worsen […]
The Japanese yen (dollar/yen) traded Monday to 160.17, the first time above 160 since April 1990. The yen rallied to 154.54 after purported intervention. The Japanese currency had weakened back to 157.94 by Wednesday, before a second round of intervention pushed the dollar/yen down to 153. It was back above 156 on Thursday, before reversing […]
[Reuters] Wall Street sharply higher on soft jobs data [Yahoo/Bloomberg] Yen Volatility Threatens to Derail One of the Year’s Best Trades [Yahoo/Bloomberg] Oil Set for Biggest Weekly Drop Since February as War Risk Fades [Yahoo/Bloomberg] Asian Currencies Set for Best Week in Two Months on Intervention [CNBC] U.S. job growth totaled 175,000 in April, much […]
Here’s our weekly report on the price moves of precious metals for May 1. There’s volatility in the markets after the FOMC release and remarks from Jerome Powell. As of this recording, here is where precious metals stand: The gold price is now at $2,320. It’s up about $5 from a week ago. The silver […]
Dovish Pivot to Melt-Up to Instability – May 2, 2024 Disclaimer: Advisory services are offered by McAlvany Wealth Management, an investment adviser registered with the U.S. Securities and Exchange Commission. The comments made in this audio recording discuss economic and market trends and are not intended as advice for any particular investor. A short […]
[Yahoo/Bloomberg] Stocks Gain as Rates Relief Sets In: Markets Wrap [Reuters] Yen weakens, paring sharp rise after suspected intervention [Yahoo/Bloomberg] Yen Bears Push Back on Japan’s Suspected Intervention Again [Yahoo/Bloomberg] Oil Rises After Dropping to Seven-Week Low on US Inventory Gain [Reuters] US weekly jobless claims unchanged; layoffs decline in April [Dow Jones] U.S. trade […]
[Yahoo/Bloomberg] Stocks Slide With Markets Bracing for Powell: Markets Wrap [Reuters] Dollar near five-month high ahead of Fed policy decision [Yahoo/Bloomberg] Oil Slumps Below $85 With US Inventories Seen Rising Before Fed [CNBC] Bitcoin nosedives below $57,000 to two-month low ahead of U.S. Fed decision [Yahoo/Bloomberg] Traders Count Down to Fed With No Relief in […]
