Wednesday, the Federal Reserve is expected to indicate how quickly it will push up interest rates. Ordinary Americans can expect monthly payments on home purchases to rise, selling houses they already own to get tougher, and interest rates to jump on credit cards and other consumer loans.
Gold continues to consolidate below the $1400 level. No change from previous analysis on the commodity, waiting for either a move above $1500 or below $1300 for the next big direction. We have FOMC and G-8 this week, I don’t expect any big surprise coming out of these meetings but it is better to be [...]
Wednesday, the Federal Reserve is expected to indicate when and how quickly it will pull back from its easy money policies. Americans can expect mortgage rates to climb, selling homes to get tougher, and interest rates to increase on credit cards, auto purchases and home equity loans.
Wall Street is cooking up another crisis-making shoddy loans and selling worthless securities to investors hungry for higher yields than CDs and government bonds offer. Dodd-Frank banking reforms imposed very costly regulations on mortgage and commercial lending. Regional banks, which have solid knowledge of smaller businesses, could not bear these costs and sold out to [...]
Even though gold was up in today’s trading but its inability to stay above $1400 is troubling. Technically, I believe the correction in gold is over. If the bull market in gold is still intact, $1300 level should hold. A break below this level means a reverse in trend for the commodity.
It has been a rollercoaster ride for the USD/Yen in the past few days. The direction of the movement was expected but not the speed of this correction. At the time of this article, USD/Yen is trading around 99.00. I have no firm conviction on the next direction at this time, thus prefer to be [...]
As Presidents Obama and Xi Jinping meet this weekend, China’s aggressive actions and halting cooperation on a growing list of issues undermine the U.S. economy and national security. Diplomacy has not yielded satisfactory results.
by Dixon Fung From yesterday analysis, USD/Yen broke 98.80 support and fell to the low of 96.00 at the time of this article. Even though, I originally have 94.60 as the target, but after the quick move today, I need to re-evaluate the situation.
Nikkei closed below 13100 major support last night, increasing pressure on USD/Yen. At the time of this article, USD/Yen is about to test the support at 98.80. Overall, the markets feel heavy, I am expecting the support will not hold, thus a deeper decline in the currencies pair is highly possible in the short term. [...]
Friday, forecasters expect the Labor Department will report the economy added 167,000 jobs in May. This is in line with the pace of recent months but hardly enough to lower unemployment down to acceptable levels. In the first quarter, GDP was up only 2.5 percent, due to stronger consumer spending and an inventory bounce. Despite [...]