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Gold nears $2700 with eyes on China

Gold nears $2700 with eyes on China

gold dailyGold is up $22 to $2695 today and threatening to touch $2700 for the first time.I'm watching China as a catalyst. Chinese stocks are lower again today as they continue to retrace the big October rally. Earlier today, Chinese officials touted a big...

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US August business inventories 0.3% vs 0.3% expected

US August business inventories 0.3% vs 0.3% expected

inventoriesPrior month business inventories 0.4%Prior month retail inventories ex auto 0.5%Business inventories for August 0.3% versus 0.3% expectedRetail inventories ex autos 0.5% versus 0.5% last monthSales: The combined value of distributive trade sales and...

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US October NAHB home builder sentiment 43 vs 42 expected

US October NAHB home builder sentiment 43 vs 42 expected

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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Nvidia shares break the June high to hit a record

Nvidia shares break the June high to hit a record

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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The ECB is behind the curve and oblivious to it

The ECB is behind the curve and oblivious to it

The euro fell to a two-month low of 1.0812 during the ECB press conference. Some of that was on the US dollar side as retail sales beat expectations but the bulk of today's 40 pip decline in domestically driven.The ECB just doesn't seem to get it.Lagarde repeatedly...

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Lagarde Q&A: All the data is headed in the same direction

Lagarde Q&A: All the data is headed in the same direction

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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Watch live: ECB’s Lagarde holds press conference

Watch live: ECB’s Lagarde holds press conference

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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US initial jobless claims 241K vs 260K estimate

US initial jobless claims 241K vs 260K estimate

Prior week 258K revised to 260KInitial jobless claims 241K vs 260K est4-week moving average initial jobless claims 236.25K vs 231.5K priorContinuing Claims 1.867M vs 1.865M estimate. Prior week of continuing claims revised to 1.858M versus 1.861M previously reported4...

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