ISM data falls short of expectations, ADP to test strength of U.S. job market

By: keiko

With Middle East tensions escalating again, driving oil prices higher and intensifying inflation concerns and expectations for tighter monetary policy, equities and bonds were sold off, pushing gold lower. The MSCI Asia-Pacific stock index dropped 2%, hitting a one-week low, with five times as many declining stocks as gainers. All 11 industry sectors declined, reflecting […]

The Nasdaq remains resilient amid rate hike expectations, as tonight’s ISM data kicks off a crucial week of economic releases.

By: keiko

Rising oil prices have intensified inflation concerns, boosting investor expectations for higher interest rates from the Federal Reserve. Global bond yields have rebounded to their highest levels in nearly two decades. On Tuesday, Japanese and Australian bond prices declined, with the 10-year Japanese government bond yield touching 3%, its lowest level since 1996. Meanwhile, U.S. […]

Wash’s remarks boost rate hike expectations, gold plunges over 4% to 4300 level

By: keiko

Following Wash’s high-profile speech on Friday, he reiterated his commitment to reducing inflation. Traders now believe the central bank is highly likely to raise interest rates at its next policy meeting in mid-September. Wash stated that current financial conditions are not tight and described interest rates as the “primary tool” for the Fed to achieve […]

U.S. stocks held steady above the 29,500 level as markets await Federal Reserve Chair Kevin Warsh’s speech at the central bank’s annual meeting.

By: keiko

Asian equities edged higher, while U.S. stock futures declined, with traders adopting a wait-and-see stance ahead of Warsh’s remarks in Jackson Hole, seeking clues on the direction of interest rates. The MSCI Asia-Pacific index rose 0.4%, nearly flat overall. Wall Street futures dipped slightly after initial enthusiasm for artificial intelligence faded following Nvidia’s upbeat outlook. […]

Although PCE fell short of expectations, the fact that inflation has cooled remains unchanged.

By: keiko

Market Focus Analysis: Pulse Focus 1: NVIDIA (NVDA.O) reported another quarter of earnings exceeding market expectations and projected approximately 70% year-over-year revenue growth for the upcoming fiscal year. The company forecasted Q3 revenue of around $108 billion, plus or minus 2%, surpassing Wall Street’s prior estimate of about $104 billion. If achieved, this would mark […]

PCE data expected to continue declining, gold and Nasdaq poised for upward breakout

By: keiko

Market Focus Analysis: Pulse Focus 1: According to Reuters, Pakistan’s military said on Tuesday that Chief of Army Staff Asim Munir held “productive” talks with Iranian officials during his visit to Tehran, making “significant progress” on issues including preventing further escalation of conflict, restarting negotiations, and reopening the Strait of Hormuz. Focus Interpretation: We previously […]

Gold consolidates around 4600, Nasdaq attempts to form a bottom pattern

By: keiko

Market Focus Analysis: Pulse Focus 1: Yellen continues to speak out in support of suppressing long-end U.S. Treasury yields. According to recent statements by U.S. Treasury Secretary Yellen and related reports, she is considering using nearly $1 trillion from the Treasury General Account (TGA) to support expanded long-term Treasury buybacks. Focus Interpretation: The immediate reason […]

Gold continues to advance and holds above 4,600; watch for potential shift in Yellen’s tone this week.

By: keiko

Market Focus Analysis: Pulse Focus 1: U.S. Treasury Secretary Yellen published an article in the Financial Times stating that the United States is launching an “economic Normandy landings” against Iran, aiming to sever the economic lifelines sustaining the Iranian regime through an unprecedented financial offensive. Focus Interpretation: We believe the U.S.-Iran conflict has now reached […]

Biden’s two-day push for U.S. debt, gold holds above 4500

By: keiko

Market Focus Analysis: Pulse Focus 1: U.S. Treasury Secretary Yellen stated that a single repo operation could exceed $4 billion in scale, and may also announce intensified fiscal discipline—suggesting we might have already seen the peak of the deficit. Focus Interpretation: Markets won’t buy into verbal promises from Yellen. Fiscal tightening appears to contradict President […]

U.S. debt surpasses $40 trillion, boosting gold prices

By: keiko

Market Focus Analysis: Pulse Focus 1: U.S. government debt officially crosses the $40 trillion threshold. The U.S. Treasury announced it will increase its daily bond buyback program to $4 billion from the previous $2 billion per day. Focus Interpretation: The rapid expansion of U.S. debt—doubling over the past decade and growing by $3 trillion this […]