September 26, 2022

U.S. dollar strength continues as global central banks struggle to keep up with the Fed

The U.S. dollar (DX-Y.NYB) screamed higher Friday after the British pound (GBPUSD=X) was whacked when British authorities introduced a new stimulus package consisting of fresh spending and tax cuts. Issues in the U.K. are only the latest catalyst for the ascent of the mighty greenback, […]
September 26, 2022

Oil prices: Expect a ‘few years of pain’ after 2022

Although crude oil prices plunged on Friday, energy costs in the coming years could be a different story, an oil analyst says. “I think the energy transition is going to be moving into another quarter,” Tom Kloza, Global Head of Energy Analysis told. “That is […]
September 26, 2022

Gold: Should investors hold it in a bear market?

The precious metal often labeled a ‘hedge against inflation’ and commonly known as a ‘safe haven’, is looking dull. Gold (GC=F) is 23% off from its peak in March, and 10% down year-to-date. Why hasn’t gold performed better this year? “First, with major central banks […]
September 23, 2022

Market Wrap: Bitcoin Holds Over $19K, Continues Wild Ride

Price Action Bitcoin pushed higher on Wednesday, reversing course after a roller coaster day of trading on Thursday. Bitcoin’s (BTC) rose 4.5% on Thursday, following a 2% decline on Wednesday. The relatively mild 2% Wednesday loss obscures a wild ride as bitcoin traded in a […]