Trading volume was light Wednesday ahead of the Federal Reserve meeting minutes release, with the SPDR S&P 500 ETF Trust (SPY) trading just 22.45 million shares through 11:58 a.m. ET. By midday, the ETF trades an average of 30.08 million shares, FactSet data shows. — Fred Imbert Wed, ...
By Greg Hunter’s USAWatchdog.com (Early Sunday Release) Financial writer and precious metals expert Craig Hemke contends there is no mystery why the dollar is going down in value. Hemke explains, “You’ve got the Fed wanting a lower dollar. You’ve got
Oil prices declinedafter the International Energy Agency slashed its outlook for oil demand growth by 100,000 barrels per day for 2017 and 2018. At 2:30 p.m. in New York, West Texas Intermediate (WTI) futures fell 0.6 percent (37 cents)to settle at $55.33 per barrel. The S&P 500 was...
Unlike the euro and the yen, Brazil’s and Mexico’s currencies did well against the USD due to the huge and early rate hikes. And both of their rates are still in the double digits with inflation not much worse than in the US. So when you talk about...