Silver as an investment

Category Archives: Yen

Selloff Accelerates As Trump Fears Mount: “The Market Will Revert To Much Higher Volatility”

European and Asian stocks slumped on Thursday following the worst one-day drop in US stocks in 8 months, while S&P futures tumbled to session lows, down 0.3% to 2,350 after initially posting a modest rebound, following a new Reuters report alleging that Trump campaign members communication with Russians on at least 18 occasions, and which […]

X-Asset Strategy Head: “Traders Have Become Desensitized To What Constitutes An Actual Threat”

Earlier today, RBC’s Charlie McElligott explained why today’s action is indicative of one or more energy/risk-neutral/value funds blowing up. Now he looks at the underlying cause, and attributes it to the inability of investors to discriminate between real and imaginary threats in what has now become a “deafening cacophony of noise.” THE DOLLAR MELTDOWN We […]

Euro Surges As Trump Fears Slam Dollar; Futures Poised For New Records

In a replica of Monday’s early trading, European shares are down, this time led by health-care stocks even as the Euro surges above 1.1050, the highest level since the US election. Asian equities rose, while S&P futures were unchanged although we expect the ramp to kick in any second, and take the NASDAQ to another […]

Gold and Silver Market Morning: May 15 2017 – Gold still consolidating with a stronger bias! / Julian D.W. Phillips / 15 May 2017  Gold Today –New York closed at $1,227.90 Friday after closing at$1,219.30 Thursday. London opened at $1,231.00 today.  Overall the dollar was weaker against global currencies, early today. Before London’s opening: –         The $: € was weaker at $1.0979 after Friday’s $1.0864: €1. –         The Dollar index was weaker at 98.82 after Friday’s 99.64. –         The Yen was stronger at […]

Oil Surges After Saudis, Russians Agree To 9 Month OPEC Output Cut Extension; US Futures Flat

In an otherwise quiet session in which European shares dropped, Asian equities rose and S&P500 futures were little changed, crude oil surged above $49 on high volume, after the Saudi and Russian energy ministers said in Beijing they favor extending the OPEC production cut for 9 months, though the end of Q1 2018. WTI rose […]

Markets All Too Quiet Ahead Of Inflation, Retail Sales Data

Asian stocks and S&P futures are both feeling the weather this morning, while European stocks are little changed as traders have decided to hold back until today’s key US CPI and retail sales data is released in under two hours. Commodities have posted another modest rebound, driven by a rise in metal prices that has […]

Europe, US Futures Slip Despite Brent Bouncing Back To $51

Asian stocks rose lifted by commodity names; European equities trade mostly lower but with little in the way of conviction or firm direction while the Italian banking index is at the highest level in a year following domestic earnings; S&P index futures are modestly in the red after the cash market closed at a record […]

Gold and Silver Market Morning: May 08 2017 – Gold bottoming and consolidating! / Julian D.W. Phillips / 8 May 2017 Gold Today –New York closed at $1,229.30 Friday after closing at$1,239.50 Thursday. London opened at $1,230.00 today.  Overall the dollar was weaker against global currencies, early today. Before London’s opening: –         The $: € was weaker at $1.0973 after Friday’s $1.0964: €1. –         The Dollar index was weaker at 98.73 after Friday’s 98.83. –         The Yen was weaker at […]

Bank Of Japan “Bought The Dip” Over Half The Time In The Last 4 Years

A year ago, we noted that The Bank of Japan (BoJ) was a Top 10 holder in 90% of Japanese stocks. In December, we showed that BoJ was the biggest buyer of Japanese stocks in 2016. And now, as The FT reports, the real "whale" of the Japanese markets is stepping up its buying (up […]

Oil Fireworks Unsettle Global Markets Ahead Of Payrolls Report

With all eyes on crude, following last night’s mini flash crash which sent WTI lower by 3% from just above $45 to under $43 in under 10 minutes, equity markets, generally quiet overnight, have taken on a secondary importance ahead of today’s key risk event, the April payrolls report (full preview here). In global equities, […]