First time unemployment benefits unexpectedly spiked last week by 15K. Read More
After bottoming out early last week at intra-day levels not seen since late November 2016, Crude Oil Futures rebounded slightly yet continued to fall on Tuesday. Read More
According to the Department of Labor, the number of Americans who filed unemployment applications last week fell by 2K, down to 241K.Read More
Gold Futures (GC) opened slightly lower the morning ahead of President Trump’s highly anticipated joint session with Congress. The lower open signaled a possible slowdown in the strong bullish run as the precious metal reached 3.5 month highs the previous session. Read More
On the heels of President Trump’s victory in November, Copper Futures (HG) rose nearly 16% in just over two weeks. The strong bullish run for copper had investors playing on President Trump’s infrastructure investment commitments in a vow to bolster the U.S. economy. While Copper Futures experienced a minor correction ahead of the new year, recent supply chain disruptions could push the metal into new bullish territories not seen since May 2015. Read More
Crude Oil Futures dipped to its lowest level since mid-January amid news that U.S. inventories are on the rise. Read More
For the first time in its 120-year history, the Dow Joes Industrial Average breached the 20,000 mark.
The stock gauge, comprised of 30 U.S. blue chip organizations, was up roughly 100 points and trading above the 20K threshold before the open.Read More
The U.S. Dollar continues to sell post President Trump’s inauguration speech giving way for stronger foreign currencies such as the Euro & Yen. The nationalistic sentiment of President Trumps speech on Friday, pointing to tougher international trade arrangements, nudged the currency on its continued slide. However, with all signs pointing to a very healthy U.S. economy, some economists predict the current pullback will be short lived. Read More
Intraday Gold Futures traded at its highest levels in nearly two months on Tuesday. News surrounding British Prime Minister, Theresa May, and her commitment to a full extraction from the European Union, combined with uneasiness leading up to Inauguration Day & the President Elect labeling the Dollar “Too Strong”, sent the U.S. Dollar on a dive. The 1.2% Dollar Index slide pushed Gold Futures nearly the exact same percentage in the opposite direction.Read More
First press conference jitters overtook investors amid tomorrow’s first Q&A meeting since the election.
The Dollar stalled in its impressive bullish run since election night as the markets look for hints of insight regarding upcoming legislative policies. Read More