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Softs Report - Friday, May 3
Article By:
Jack Scoville
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Friday, May 3, 2024 2:45 PM EDT
Cotton was lower again yesterday, and trends remain down in the market. Demand remains a problem. The export sales report showed poor sales once again, and demand is not likely to improve with the US dollar stronger.
In this article: CANE
Softs Report - Thursday, May 2
Article By:
Jack Scoville
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Thursday, May 2, 2024 12:50 PM EDT
FCOJ closed higher and held the trading range once again. Reports of tight supplies are around.
In this article: CANE
Japan Drives Home Message
Article By:
Marc Chandler
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Thursday, May 2, 2024 8:09 AM EDT
The US Dollar is mixed, but the spotlight is on the yen. It appears that with the market challenging Monday's intervention, Japanese officials entered the market shortly after the US equity market closed and sold dollars again.
Navigating Stagflation: Money Metals Midweek Memo
Article By:
Stefan Gleason
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Thursday, May 2, 2024 6:54 AM EDT
In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey delves into the complexities of the current economic landscape including that of China as a member of BRICS, Federal Reserve policies, and stagflation.
Market Fluctuates Amid Fed Decision And Mixed Corporate Earnings And Economic Signals
Article By:
The Private Banker
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Thursday, May 2, 2024 6:30 AM EDT
The U.S. stock markets exhibited mixed responses on Wednesday as investors navigated through a complex landscape of disappointing corporate earnings and a slew of economic data.
Gold Price Remains On Tenterhooks With Eyes On Fed Policy Decision
Article By:
FXStreet
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Wednesday, May 1, 2024 7:41 AM EDT
Gold trades close to a more than three-week low around $2,285 in Wednesday’s European session. The precious metal weakens as the USD and bond yields strengthen amid speculation that the Fed will maintain a restrictive interest rate environment.
Visualizing Global Gold Production In 2023
Article By:
Jeff Desjardins
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Wednesday, May 1, 2024 6:17 AM EDT
Over 3,000 tons of gold were produced globally in 2023. China was the top producer in 2023, responsible for over 12% of total global production, followed by Australia and Russia.
In this article: GLD
Gold’s Persistent Bullish Phases Mark A Century Of Growth
Article By:
Muhammad Umair, PhD
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Wednesday, May 1, 2024 6:02 AM EDT
Gold has long been revered for its aesthetic allure and as a hedge against economic uncertainties. Recently, the gold market started to correct lower. This is due to seasonal adjustments and an overbought condition noted in weekly and daily charts.
In this article: GLD
April 30 - Market Close & Major Financial Headlines
Article By:
EconCurrents
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Wednesday, May 1, 2024 4:00 AM EDT
The Conference Board Consumer Confidence Index® deteriorated for the third consecutive month in April 2024, retreating to 97.0 (1985=100) from a downwardly revised 103.1 in March.
FX Daily: DXY Closing In On Year’s High Ahead Of Fed
Article By:
ING Economics
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Wednesday, May 1, 2024 3:48 AM EDT
The relentless stream of above-expected US inflation data continues. Yesterday it was the turn of the Employment Cost Index to surprise on the upside. Higher US rates have sent one measure of the trade-weighted dollar - the DXY - to the year’s high.
AUDJPY Forex Elliott Wave Technical Analysis
Article By:
Peter Mathers
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Wednesday, May 1, 2024 3:21 AM EDT
In the current AUD/JPY Forex Elliott Wave Technical Analysis, the position is described as "blue wave 1," indicating that the market is in the first wave of a new impulse sequence, suggesting that a larger trend might be forming or reversing.
Softs Report - Tuesday, April 30
Article By:
Jack Scoville
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Tuesday, April 30, 2024 1:38 PM EDT
Cotton was a little higher yesterday in sideways trading. Demand remains a problem.
In this article: CANE