Rich Asplund on 11/21/2024

Dollar Supported by Weak Stocks and Higher T-Note Yields

The dollar index (DXY00 ) Wednesday rose by +0.47%. Higher T-note yields Wednesday and weakness in stocks supported moderate gains in the dollar. Also, weakness in EUR/USD benefitted the dollar on dovish comments from ECB Vice President Guindos, who said he expects the ECB to continue lowering int

R Rich Asplund
Przemyslaw K. Radomski on 11/21/2024

Gold Price To Re-Test $2,700

Gold is likely to rally even higher in the near term.Gold bar graph by Lemonsoup14 via Shutterstock

P Przemyslaw K. Radomski
Rich Asplund on 11/21/2024

Stocks Fall on Weakness in Retailers and Chip Makers

The S&P 500 Index ($SPX ) (SPY ) today is down -0.56%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.75%. Stocks today are moderately lower ahead of quarterly earnings results from Nvidia after the...Inside NYSE by Orhan Akkurt vi

R Rich Asplund
Rich Asplund on 11/21/2024

Dollar Grinds Higher on Weak Stocks and Stronger T-Note Yields

The dollar index (DXY00 ) today is up by +0.53%. Higher T-note yields today and weakness in stocks support moderate gains in the dollar. Also, weakness in EUR/USD is benefitting the dollar on dovish comments from ECB Vice President Guindos, who said he expects the ECB to continue lowering interest

R Rich Asplund
Rich Asplund on 11/21/2024

Stocks Move Lower Ahead of Nvidia’s Earnings

The S&P 500 Index ($SPX ) (SPY ) today is down -0.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.59%. Stocks today are moderately lower ahead of quarterly earnings results from Nvidia after the...Road sign of New York Wall str

R Rich Asplund
Phillip Streible on 11/21/2024

What Precious Metals Bulls Do Not Want to See!

Today’s Metals Minute with Phil Streible highlights key market moves and reveals what precious metals bulls are hoping to avoid.Bull on Wall Street by Alexander Naumann via Pixabay

P Phillip Streible
Darin Newsom on 11/21/2024

Has the Global Wheat Market Changed?

The spotlight has turned to global wheat markets this week as the situation in the Black Sea region of the world intensifies.The White House at sunset by idesignimages via iStock

D Darin Newsom
Rich Asplund on 11/21/2024

Dollar Falls Slightly as T-Note Yields Drop and Stocks Recover

The dollar index (DXY00 ) Tuesday fell by -0.07%. The dollar on Tuesday posted modest losses on the weaker-than-expected US Oct housing starts and building permits reports. Also, lower T-note yields Tuesday weakened the dollar’s interest rate differentials and weighed on the dollar. In addition,

R Rich Asplund
Rich Asplund on 11/21/2024

Stocks Recover from Early Losses on Strength in Nvidia and Walmart

The S&P 500 Index ($SPX ) (SPY ) today is down -0.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.41%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.11%. Stocks are mixed today, with the Dow Jones Industrials falling to a 1-1/2 week...View of the trading floor of New York Stock E

R Rich Asplund
Rich Asplund on 11/21/2024

Dollar Rebounds from Early Losses on Safe-Haven Demand from Geopolitical Risks

The dollar index (DXY00 ) today is up by +0.10%. The dollar recovered from early losses and moved higher on increased safe-haven demand on reports that Ukraine carried out its first strike on a border region in Russia using Western-supplied missiles and after Russian President Putin approved an upd

R Rich Asplund
TradingView on 11/21/2024

The geopolitical situation in the world is worsening

Tensions have shifted from the Middle East to the Russia-Ukraine conflict, raising fears of potential escalation. While markets remain relatively calm for now, the risk of broader conflict looms, threatening severe humanitarian, environmental, and economic consequences.Intelligence-war room by Frame

T TradingView
Rich Asplund on 11/21/2024

Stocks Fall on Escalation of Ukraine-Russian War

The S&P 500 Index ($SPX ) (SPY ) today is down -0.50%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.81%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.40%. Stocks are retreating today, with the Dow Jones Industrials falling to a 1-1/2 week...New York Stock Exchange during sunrise

R Rich Asplund
Phillip Streible on 11/21/2024

Geopolitical Risks Rise! – 2025 Precious Metals Outlook

With geopolitical risks on the rise, today’s Metals Minute with Phil Streible offers a 2025 outlook for precious metals and key levels to watch.Platinum bars by suntemple via Shutterstock

P Phillip Streible
Gregor Horvat on 11/21/2024

Elliott Wave Live: Dollar Can Stay In Uptrend If Stocks Pullback, Watch JPY!

Last week Powell delivered a speech, emphasizing that there’s no rush for rate cuts as the economy remains strong, jobs data is stable, and inflation is still above 2%. These are significant remarks, suggesting that the Fed may hold steady at upcoming meetings.Bull and bear by Nosheep via Pixabay

G Gregor Horvat
Rich Asplund on 11/21/2024

Dollar Retreats on Euro Strength and Lower T-Note Yields

The dollar index (DXY00 ) on Monday fell by -0.42%. Strength in the euro Monday weighed on the dollar as EUR/USD rose on hawkish comments from ECB Governing Council member Nagel, who said central banks may have to raise interest rates should international tensions intensify and lead to more signifi

R Rich Asplund
Rich Asplund on 11/21/2024

Stocks Mostly Higher on Positive Corporate News

The S&P 500 Index ($SPX ) (SPY ) today is up +0.43%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.91%. Stocks today are mostly higher on some positive corporate news. Tesla is up more...Inside NYSE by Orhan Akkurt via Shutterstock

R Rich Asplund
Rich Asplund on 11/21/2024

Dollar Slips as Hawkish ECB Comments Boost the Euro

The dollar index (DXY00 ) today is down -0.18%. Strength in the euro today is weighing on the dollar as EUR/USD rose on hawkish comments from ECB Governing Council member Nagel, who said central banks may have to raise interest rates should international tensions intensify and lead to more signific

R Rich Asplund
Rich Asplund on 11/21/2024

Stocks Mixed as Bond Yields Climb

The S&P 500 Index ($SPX ) (SPY ) today is down -0.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.21%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.14%. Stocks today are mixed, with the Dow Jones Industrials falling to a 1-1/2 week...Road sign of New York Wall street corner Broa

R Rich Asplund
Phillip Streible on 11/21/2024

The Damage is Done & Dip Buyers Emerge - The Week Ahead.

The damage is done, but dip buyers are stepping in. Today’s Metals Minute with Phil Streible previews the week ahead and key levels to watch.Bullish - green stock market chart with arrow up day trade by Quality Stock Arts via Shutterstock

P Phillip Streible