Learn

Dollar eases as market awaits key inflation data

Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration shot January 21, 2016. NEW YORK/LONDON, May 13 (Reuters) - The dollar eased versus most major currencies on Monday amid expectations key U.S. data this week will show a slowing pace of inflation and growth [...] READ MORE

Asia Gold Sky high prices take shine off Indian gold buying festival

A saleswoman picks gold necklaces to show it to a customer inside a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Kochi, India, May 7, 2019. Summary India flips to discount of $7/oz this week China premiums rise to $26-$35/oz Demand picks up in Japan after holidays - traders [...] READ MORE

Gold dips as traders await US inflation data for Fed rate cut cues

Production of gold at Krastsvetmet precious metals plant in Krasnoyarsk (Reuters) - Gold prices fell 1% on Monday on profit-taking, as investors looked forward to key inflation figures this week for clues on the U.S. interest rate cuts this year.   Spot gold fell 1% to $2,336.76 per ounce by 1745 GMT. It had hit [...] READ MORE

Thirty-Six Minutes of Chaos: Analyzing the Flash Crash

Fourteen years ago, the Dow Jones plummeted 9%, wiping out almost $1 trillion in market value almost instantly. This infamous event, known as the "Flash Crash," jolted the financial world, prompting significant regulatory reforms.   This week, we’ll examine this recent chapter in financial history. Have these changes truly addressed the underlying issues in the [...] READ MORE

How Do People’s Experiences of Inflation Differ?

The Issue: Inflation rates are among the most closely watched economic statistics, but, as with many statistics that attempt to capture what is happening throughout the economy, aggregate measures mask important particulars. Measuring inflation requires simplifying assumptions about the basket of goods that a typical consumer purchases in a given month as well as eliding [...] READ MORE

A recession in early 2025 could send the stock market tumbling 30%, strategist says

A recession by early next year could send stocks down 30%, says BCA strategist Roukaya Ibrahim. Continued unemployment and headwinds from China's limping economy will be drivers of a downturn.   Wall Street veteran Gary Shilling holds a similar forecast, he told BI this week.   There are two factors signaling a recession by year-end [...] READ MORE

Gold Market Commentary: Higher-for-longer: Inflation not growth

New-high fatigue?   Gold had another good month in April, posting a 4% gain and ending the month at US$2,307/oz. Unlike March, gold finished off its intra-month high from probable buyer reticence and profit-taking – reflected in falling Chinese premia, lower Indian imports and flat-lining COMEX positioning. On the flipside, the trend in North American [...] READ MORE

Americans have spent their savings. Economists worry about what comes next

Americans saved about $2.1 trillion during the pandemic. Now it's all gone. Americans saved quite a bit of money during the pandemic: $2.1 trillion worth, to be exact.   That extra cushion meant that consumers kept spending in the years that followed and the economy remained robust despite rising interest rates and persistent, though gradually [...] READ MORE

Time To Bet Against Banks

Why Bet Against Banks Now? Two main reasons. First, the Federal Reserve’s new, post Silicon Valley Bank collapse assistance program, The Bank Term Funding Program (BTFP), has expired. And second, the Fed’s first rate cut—initially expected in the first quarter of this year—has been pushed off indefinitely due to persistent inflation. So banks still have [...] READ MORE