News list for "button"
Analysts Adam Button said that gold usually has a seasonal tailwind between December and January, and now it has a fundamental tailwind. Over the weekend, the People's Bank of China resumed buying gold for the first time in six months. After initially falling $50 when China stopped buying, the price of gold fell by about $100 in the following days. Today, gold has pulled up $40 during the day, breaking through $2,670 an ounce. And technically, it broke through December's...
Adam Button, an analyst at financial website Forexlive, said the Fed's meeting notes sent a consistent message about gradually adjusting policy, with only "a few" officials talking about a pause. Traders expect a 59.6% chance that the Fed will cut rates by 25 basis points at next month's meeting, up from 52.3% on Monday but little changed from 58.9% a week ago, according to CME Watch.
I'm not sure what the forex market is trying to tell us today, but all of the dollar's decline earlier today has been erased, said Adam Button, analyst at financial website Forexlive. The main reason I've heard for the dollar's rise over the past month is a "Republican landslide". The idea here is that Trump and the Republicans will increase the deficit, cut taxes and keep yields high. In the after-hours market, shares of Trump Media Technology Group (DJT. O) also rose nearly 20 percent.
Adam Button, chief FX analyst at financial website Forexlive, said Powell has been dovish throughout his tenure, a point he underlined today. It's clear Powell doesn't want to get behind the curve in a rate-cutting cycle and decided to take the lead. He made it clear at the Jackson Hole conference that he doesn't...
On September 6th, financial website Forexlive analyst Adam Button pointed out that the US non-farm payrolls report for August frequently appeared a seasonal oddity: in the past 23 years of August reports, the pre-revised data was lower than expected in 17 years. It is worth noting that the US Bureau of Labor Statistics may also be improving their seasonal adjustment method due to the higher-than-expected data in the past two years, although only higher by 15,000 and 17,000 respectively. For more...
