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Archives by Year:
USD/JPY Forecast: Signal As A Double-Top Pattern Forms
Image Source: Pixabay The USD/JPY exchange rate has been in a strong uptrend in the past few months. The Bank of Japan left interest rates unchanged and tweaked its yield curve control. Economists expect the Federal Reserve will leave rates unchanged in December. The USD/JPY exchange rate sits at an important resistance level as investors assess the […]
Australian Central Bank Raises Cash Rate To 4.35%, Australian Dollar Sinks
The RBA had investors on the edge of the seats right up until the rate decision, as the rate odds ahead of the meeting were split 50/50 between a pause and a quarter-point hike. The RBA rate hike comes after four straight pauses.FreepikThe RBA revised its inflation forecast slightly higher to 3.5% by the end […]
Record Number Of Supertankers Heads To The Gulf To Export US Oil
Almost 50 tankers are bound for the US amid OPEC+ supply curbs. Some vessels are sailing for the US Gulf without cargo bookings.Bloomberg reports A Record Number of Supertankers Is Headed to Collect US Oil Forty-eight vessels are bound for the country in the coming three months, according to data gathered Friday by Bloomberg. That’s the […]
Enjoy The Santa Rally… What Comes Afterwards Won’t Be Pretty
Treasury Secretary Yellen wants stocks and bonds higher. FreepikThe reason is simple.Next year 2024 is an election year. And Yellen is a playing politics for the Biden Administration. After all, it’s hard to convince voters to re-elect someone when their 401(k)s are shrinking by the week.This is why Secretary Yellen chose to have the Treasury shift […]
Stocks Running Out Of Bullish Catalysts After Big Rally
Fed officials likely to dismiss talks of speedy rate cuts Much of macro concerns remain as earnings season winds down Nasdaq 100 technical analysis: Bearish trend being tested The optimism we saw last week was all based on signs of peak interest rates in the US. We had a few data misses and comments from […]
Hungarian Industry Runs On Exports Alone
Image Source: Pexels Although September brought some recovery in the Hungarian industry, domestic demand is still limiting the overall performance. The silver lining is that the third quarter was good enough to take Hungary out of technical recessionIndustry surprised on the upside in September, with output rising by 1.2% month-on-month, according to the latest release from […]
Copper Market Commentary
Image Source: Pexels China Exports Fall AgainCopper prices are coming under fresh pressure today on the back of weaker-than-forecast data out of China overnight. Total exports were seen contracting deeper than expected last month, reflecting an overall dip in output. With recent manufacturing sector data reflecting this weakness, traders are once again concerned about the health […]
S&P 500 Forecast: Running Into A Potential Ceiling
The past week has witnessed a noteworthy rally in the S&P 500, and it presently resides near the apex of a descending channel, conspicuously positioned above the 50-Day EMA. However, it’s crucial to acknowledge that this zone has historically posed as a formidable resistance area, hinting at the likelihood of an impending market reaction. FreepikA noteworthy […]
The Dollar’s Recovery Has Been Extended, But It May Give North American Operators A Better Selling Opportunity
Image Source: Unsplash Overview: The dollar’s sell-off last week was extreme and it recovered yesterday and through the European session today. The Australian dollar has been hit the hardest. It is off more than 1% today after the RBA lifted the cash rate by 25 bp (to 4.35%). Still, the US dollar’s gains have stretched intraday momentum […]
Asian Stock: Eco World Development Group
Company: Eco World Development Group BerhadBloomberg ticker: ECW MKMarket cap: US$676mBackground: Eco World Development Group Berhad is a Malaysian property developer. ECW has 20 development projects across three economic regions in Malaysia and has secured a landbank of about 8,000 acres. Its projects include townships, integrated commercial developments, luxury high-rise apartments, and green business parks. World Class Benchmarking of […]
