The Dow Jones Industrial Average (DJIA) tumbled around 257 points, or 0.6%, on Friday as all three major US indices tracked toward a fourth consecutive losing week. The S&P 500 fell 0.8%, while the Nasdaq Composite underperformed with a decline of 1.2%. Overnight strikes between Iran and Israel, fresh attacks on energy sites in the Persian Gulf, and a…
Trump is lamenting the lack of help in reopening Hormuz: Without the U.S.A., NATO IS A PAPER TIGER! They didn’t want to join the fight to stop a Nuclear Powered Iran. Now that fight is Militarily WON, with very little danger for them, they complain about the high oil prices they are forced to pay, but don’t want to…
Gold (XAU/USD) extends losses on Friday following a sharp two-day decline that pushed prices to their lowest level since early February, near the $4,500 mark. The drop comes as markets increasingly price in a ‘higher-for-longer’ global interest rate environment following this week’s major central bank monetary policy announcements. At the time of writing, XAU/USD is trading around $4,580, pulling…
Oft times, there are implications to actions. The Trump administration tends to look to solve problems with laser focus that goes above and beyond without thinking of the consequences. The ICE/deportation implementation is an example. That is being clawed back. The War against Iran is another major situation. Who knows what they thought how everything was going to work…
United States Baker Hughes US Oil Rig Count: 414 vs 412
One of the ideas that’s been floating around markets is that Trump just wanted to dramatically degrade Iran’s military, it’s nuclear program and its ability to make missiles. Once that was done, he would declare victory and leave it to Europe and gulf states on how to open the Strait of Hormuz. It was never clear if Iran would…
The Swiss Franc (CHF) trades flat against the US Dollar (USD) on Friday, reversing part of its earlier gains as the Greenback eases slightly from daily highs. At the time of writing, USD/CHF is trading around 0.7878 after briefly touching the 0.7900 mark. Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six…
Today’s stock market heatmap paints a vivid picture of a market grappling with varied performance across different sectors. Let’s delve into the dynamics shaping the trading landscape today. 📉 Technology Sector Faces Headwinds The technology sector is currently under significant pressure, marked by notable declines. Microsoft (MSFT) is down 0.91%, while Oracle (ORCL) has taken a sharper fall, dropping…
Argentina Gross Domestic Product (YoY) came in at 2.1%, below expectations (2.2%) in 4Q
The USD 10 year yield is trading up to 4.407%. That is the highest level going back to August 1, 2025.. The yield is up over 10 basis points this week. Yields are up around 45 basis points since low of 3.926% on March 2. The move higher has the US dollar moving to the upside. USDJPY: The USDJPY…
