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NFTRH; On Rates, Gold, Miners and Stocks

An email from a subscriber prompts this mini update here at T-minus 1 day to FOMC. In response to this morning’s rate cut probabilities post Mark asked my thoughts about how a Fed ‘hold’ instead of ‘cut’ and the Saudi/oil news could affect broad stocks and gold miners. Being just a faulty human all I can do is guess like everyone else, but wanted to … Continue reading NFTRH; On Rates, Gold, Miners and Stocks

Rate Cut Probabilities Have Dropped Significantly

While a majority of wise guys still expect the Fed to cut the Funds Rate tomorrow, the percentage has dropped significantly, from what I seem to remember as near-unanimous in the upper 90% area to a situation where a negative surprise actually has a decent chance, according to players who are guessing the outcome as part of making their living. Now, Jerome Powell would not … Continue reading Rate Cut Probabilities Have Dropped Significantly

USD Index & USD/Global Pairs

In case anyone still cares what these tramps are doing, here is the USD index and USD pairs with other currencies at yesterday’s close. I’ve tried to make this NFTRH chart fairly self-explanatory. Subscribe to NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas. You … Continue reading USD Index & USD/Global Pairs