Markets

Commodities Weekly: Gold struggles for upward momentum

Slower Chinese GDP growth in the fourth quarter and a resurgent US dollar have taken a bit of the shine off some commodities. NOTE: The US government shutdown is still preventing the publication of the weekly Commitment of Traders report by CFTC. The latest published data is only at December 18. Pr ...

Daily Markets Broadcast 2019-01-22

Daily Markets Broadcast 2019-01-22 US indices snap winning streak US equity markets were closed yesterday, but index futures retreated following the release of China’s Q4 GDP data. PM May’s Plan B appears to focus on delaying Brexit to get better concessions from the EU.   US30USD Daily Chart ...

January 21, 2019

Click for Big TXPR closed at 630.25, down 0.74% on the day. Volume of 1.85-million was nothing special in the context of the past thirty days. The index dropped 2.69 points, over half the total drop, in the last forty minutes of trading. CPD closed at 12.64, down 0.63% on the day. Volume of 70,59 ...

TheDailyGold Premium Update #605

The 21-page update was published Monday afternoon. In this update we opine on the sector outlook and our trading strategy for some names we hold and some on the watch list.   ...

Tuesday: Existing Home Sales

Weekend:• Schedule for Week of January 20, 2019Tuesday:• At 10:00 AM ET, Existing Home Sales for December from the National Association of Realtors (NAR). The consensus is for 5.24 million SAAR, down from 5.32 million. Housing economist Tom Lawler expects the NAR to report sales of 4.97 million ...

The time Jack Bogle set me straight

My colleague Nick accidentally came across this and I had forgotten all about it. But it’s TIMELESS! I’m so excited this exists… It’s August 2013 and the S&P 500 has just been completely rattled by the sell off in bonds due to Fed Chairman Bernanke’s hint about the tapering off of QE stimu ...

Markets Rebound from China Slowdown on Trade Hopes

FX – Dollar not slowing down despite holiday and ongoing partial shutdown OIL – Energy Hit by China Slowdown But Trade Optimism Boosts Prices GOLD – Yellow metal falls on thin North American volumes FX – Dollar not slowing down despite holiday and ongoing partial shutdown The US dollar i ...

MEG Energy announces the timing of the release of its 2019 capital budget and conference call

CALGARY, Jan. 21, 2019 /CNW/ – MEG Energy Corp. (TSX:MEG) announces that it intends to release its 2019 capital budget at 5 a.m. Mountain Time (7 a.m. Eastern Time) on Tuesday, January 22, 2019. A conference call will be held to review the 2019 capital budget and outlook at 7:30 a.m. Mountain T ...

Oil Rises Despite Weak Chinese GDP Data

Oil prices edged up on Monday, reversing earlier losses, as investors shrugged off data that confirmed China’s slowing economy and instead latched on to positive supply-side drivers for the market. Brent crude oil futures LCOc1 were up 12 cents at $62.82 a barrel by 12:27 p.m. EST (1727 GMT), ...

IMF Cuts Global Growth Forecast for 2019 and 2020

The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020 due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy. In its second downgrade in three months, the global ...