By Myra P. Saefong, MarketWatch Gold rallied after the Federal Reserve announced an increase to its key short-term interest rate on Wednesday, but the metal’s price reaction isn’t quite the head scratcher that it seems to be. “It is a case of ‘sell the rumor (of a rate hike), buy the fact’,” said Ross Norman chief executive officer at Sharps...
By Myra P. Saefong, MarketWatch Gold rallied after the Federal Reserve announced an increase to its key short-term interest rate on Wednesday, but the metal’s price reaction isn’t quite the head scratcher that it seems to be. “It is a case of ‘sell the rumor (of a rate hike), buy the fact’,” said Ross Norman chief executive officer at Sharps...
By Michelle Fox, CNBC While the Federal Reserve is gradually raising interest rates in the U.S., the actions by two other central banks are actually the most important thing to watch right now, bond guru Bill Gross told CNBC on Wednesday. And it is something that could possibly wreak havoc on the bond market, he said. That's because monetary policy...
By Michelle Fox, CNBC While the Federal Reserve is gradually raising interest rates in the U.S., the actions by two other central banks are actually the most important thing to watch right now, bond guru Bill Gross told CNBC on Wednesday. And it is something that could possibly wreak havoc on the bond market, he said. That's because monetary policy...
Not that the Federal Reserve hadn't already made up its mind about a rate-hike later today, but to the extent any last minute data is capable of altering that choice, this week's inflation and retail sales data won't give Fed Chairperson Janet Yellen any pause… and neither data set was particularly, unusually strong. Indeed, both data sets were tepid by...
Not that the Federal Reserve hadn't already made up its mind about a rate-hike later today, but to the extent any last minute data is capable of altering that choice, this week's inflation and retail sales data won't give Fed Chairperson Janet Yellen any pause… and neither data set was particularly, unusually strong. Indeed, both data sets were tepid by...
Chart specialist Sandy Jadeja focuses on price, pattern and time By Barbara Kollmeyer, MarketWatch It’s already been a big year for the Dow industrials, which have stretched a near-decade-long bull market to historic heights. But if the technical stars collide, as one chartist predicts, the blue-chip gauge could soon plunge by more than 6,000 points to 14,800. That’s nearly 30%...
Chart specialist Sandy Jadeja focuses on price, pattern and time By Barbara Kollmeyer, MarketWatch It’s already been a big year for the Dow industrials, which have stretched a near-decade-long bull market to historic heights. But if the technical stars collide, as one chartist predicts, the blue-chip gauge could soon plunge by more than 6,000 points to 14,800. That’s nearly 30%...
Stocks logged a loss last week – the first in the past seven. And yet, even with the loss, they ended the week on a bullish foot, pivoting out of Wednesday's and Thursday's bearish move. Support at the 20-day moving average lines lent a helping hand. So, the trend remains bullish, as unlikely as more gains may seem following a...
Stocks logged a loss last week – the first in the past seven. And yet, even with the loss, they ended the week on a bullish foot, pivoting out of Wednesday's and Thursday's bearish move. Support at the 20-day moving average lines lent a helping hand. So, the trend remains bullish, as unlikely as more gains may seem following a...
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