Author Archives: gtiqy

With 3 voting for “Others”, current House Speaker Johnson came up 2 votes shy of the 216 needed to secure the Speaker position. There will apparently be a 2nd vote shortly. Voting for “others”? Rep Massie (Kentucky) Rep Ralph Norman (South Carolina) Rep Keith Self (Texas) Massie has said that he would rather pull out […]

The major US stock indices are not been impacted by the voting for the Speaker of the House. The major indices are trading to new session highs in the currency hourly bar. Dow industrial average is up 333 points or 0.79% at 42726. For the week, the index is down -0.62% currently S&P index is […]

Crude oil futures are selling and $73.96 up $0.83 or 1.13%. The settlement price is the highest since October 11. Cold weather, and Chinese policy support are being cited as reasons for the rise today and for the trading week. This week the price has risen by $4.13 or 5.5%. Looking at the daily chart, […]

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, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]

Major US indices are closing solidly higher and in doing so are snapping multi-day losing streaks. For the Dow Industrial average it snapped its 4-day losing streak. For the broader S&P and NASDAQ indices,. they both snapped 5-day losing streaks. For the trading week, the indices are closing lower. A snapshot of the closing levels […]

Market: S&P index up +1.26% NASDAQ index up +1.77% Crude oil up $0.86 and $73.98. Gold down $-19.08 or -0.72% at $2638.45 Bitcoin is up $1400 at $98,314 In the US debt market, yields are higher with the shorter end up the most: US 2Y T-NOTE: Yield: 4.2807%, Change: 3.3 bps US 3Y T-NOTE: Yield: […]

Fed’s Kugler is on CNBC and says: US economy ended 2024 in a good place The economy is resilient Process of disinflation has kept going. Labor market remains resilient The labor market has been cooling gradually. Real wages are still up even with labor market cooling. The key is that job market has cooled gradually. […]

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, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]

Things are not looking good for the Speaker of the House Johnson on the first vote. Three have voted for “Others”. Johnson could only afford 1 “other” vote assuming members vote along party lines. What next? There can be a 2nd vote taken or they can go back and try to solicit support from those […]

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, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]