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Yen Gains Stand Out As Week Gets Going

Yen Gains Stand Out As Week Gets Going

Image Source: Pixabay  We come into the new week with market participants refusing to take any cues from Fed officials, instead making bets the next move from the central bank will be a rate cut. Indeed, last week’s inflation data is supportive of a possible Fed policy shift.Video Length: 00:01:06More By This Author:Fed Still Hasn’t Bent […]
Rally In US Stocks Inspires Bullish Outlook

Rally In US Stocks Inspires Bullish Outlook

Animal spirits are reviving after US shares rallied for a third straight week, fueled by renewed speculation that the Federal Reserve’s rate hikes are done and cuts are near.The S&P 500 Index rose 2.2% last week, closing at its highest level since Sep. 1. Traders are watching to see if the market can decisively move […]
Bull Of The Day: Intel

Bull Of The Day: Intel

Intel (INTC) is one of the world’s largest semiconductor companies and a primary supplier of microprocessors and chipsets. The company is gradually moving into data-centric businesses such as AI and autonomous driving.The stock currently sports the highly-coveted Zacks Rank #1 (Strong Buy), with analysts bullishly revising their earnings expectations higher across the board. Image Source: […]
Nvidia Earnings, FOMC Minutes To Provide Further Insights Into The Sustainability Of The Market Rally

Nvidia Earnings, FOMC Minutes To Provide Further Insights Into The Sustainability Of The Market Rally

The upcoming Nvidia (NVDA) earnings report is poised to be a pivotal event, drawing the attention of investors eager to assess the sustainability of the November rally as the year approaches its end.Nvidia, a dominant player in the semiconductor industry, has experienced an impressive surge of over 200% in its stock value throughout the year. […]
The Dollar Index Falls Below The 103.50 Level On Monday

The Dollar Index Falls Below The 103.50 Level On Monday

Dollar index chart analysisDuring the Asian trading session, we saw a continuation of the dollar’s decline from last week. The support at 103.80 was broken, and the index began to retreat further, forming a low at 103.46. For now, we are in the zone around the 103.50 level and trying to gain support at that level. If […]
Dollar Retreat Extended, But Turn Around Tuesday May Have Already Begun

Dollar Retreat Extended, But Turn Around Tuesday May Have Already Begun

Image Source: Pexels  Overview:  Last week’s dollar losses have been extended today. The yen is leading the move, encouraged by talk of a buying by a large US real money fund. The Dollar Index is off about 0.35% after sliding 1.8% last week. It is below the 200-day moving average for the first time since late August. […]
Gold, Silver & Miners To Test Resistance

Gold, Silver & Miners To Test Resistance

Image Source: Unsplash  Gold closed at $1985 and faces important daily and weekly resistance at $2000. Silver traded up to $24.00 and faces resistance at $24.50 and $25.00. The miners (GDX & GDXJ) have a bit of upside before testing resistance at the 200-day moving average.Video Length: 00:07:53More By This Author:Mining Funds Puke Miners & Juniors […]
Natural Gas Forecast: Markets Continue To Price In Recession

Natural Gas Forecast: Markets Continue To Price In Recession

Personally, I have not leveraged my position but rather opted for participation through the ETF market. Natural gas markets made an initial attempt at rallying during Friday’s trading session but ultimately relinquished those gains as they continued to hug the lower boundary of the recent consolidation range. This ongoing pattern suggests that the market is poised […]
Twilio Adds AI Use Cases

Twilio Adds AI Use Cases

Photo Credit: Gerd Altmann from Pixabay  Communication Platform as a Service (CPaaS) player Twilio (NYSE: TWLO) recently announced its third-quarter results that surpassed market expectations. The outstanding performance helped take the stock 7% higher in the after-hours trading session.  Twilio’s FinancialsTwilio’s third-quarter revenues grew 5% to $1.03 billion, surging ahead of the market’s forecast of $985 million. Earnings […]
Analyzing Market Behavior: E-Mini S&P 500 Weekly And Daily Perspectives

Analyzing Market Behavior: E-Mini S&P 500 Weekly And Daily Perspectives

When we analyze the weekly perspective of the E-mini S&P 500, a double distribution profile structure comes into view, with the single print area potentially being a target to be filled. Traders may base their bias perception on the Point of Control (POC) level, while the upper distribution’s extremes could act as potential support or […]