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Some ETF Quick Takes

Some ETF Quick Takes

Happy Monday, everyone. There are just eight trading days left after today in the lovely, lovely year of 2023. I wanted to touch on three ETFs that had been covered over the weekend. First off, there is commodities (DBC) which I suggested would be in for a tumble following that nice tinted rounded top. Well, […]
Micron To Report Q1 Earnings: What’s In The Cards?

Micron To Report Q1 Earnings: What’s In The Cards?

Image Source: Unsplash  Micron Technology (MU – Free Report) is scheduled to report first-quarter fiscal 2024 results on Dec. 20.The company projects a fiscal first-quarter adjusted loss of $1.00 per share. The Zacks Consensus Estimate coincides with management’s guidance and is much wider than the year-ago quarter’s loss of 4 cents per share.Meanwhile, Micron estimates revenues of $4.7 billion. […]
Analytical Overview Of The Main Currency Pairs – Monday, Dec. 18

Analytical Overview Of The Main Currency Pairs – Monday, Dec. 18

Image Source: Pexels  The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0992 Prev Close: 1.0893 % chg. over the last day: -0.91 % Hawkish comments from the Fed officials on Friday provided support for the dollar. New York Fed President Williams and Atlanta Fed President Bostic indicated that it is premature to talk about a rate […]
GBP/USD Remains Limited Below 1.2700 Ahead Of UK CPI Data

GBP/USD Remains Limited Below 1.2700 Ahead Of UK CPI Data

 Photo by Colin Watts on Unsplash    The Pound drifts lower to the mid-range of 1.2600. Wednesday´s UK inflation might give a fresh boost to GBP volatility. GBP/USD is expected to find support at the 1.2600 area – Scotiabank. The Sterling is drifting lower on Monday, with upside attempts capped below 1.2700, following rejection at 1.2790 last Friday, […]
Have Wages “Really” Increased Since Before The Pandemic?

Have Wages “Really” Increased Since Before The Pandemic?

All of the remaining 2023 data – housing sales and construction, and personal income and spending, as well as the Index of Leading Indicators – will be reported this week. After Christmas, only initial claims will be reported next week.Today there is no significant data. But over the weekend, a little tiff erupted on another […]
Small-Caps Rallied Big On Fed Pivot

Small-Caps Rallied Big On Fed Pivot

Small-caps rallied huge last week in reaction to the so-called Fed pivot. That said, no sooner did Powell deliver that message last Wednesday, leading to futures traders now demanding six cuts next year, than three different FOMC members came out and said ‘not so fast’. They are warning the markets not to get carried away […]
USD/JPY Signal: ING Analyst Gives Forecast Ahead Of BoJ Decision

USD/JPY Signal: ING Analyst Gives Forecast Ahead Of BoJ Decision

The USD/JPY price rebounded on Monday as investors focused on the upcoming Bank of Japan (BoJ) interest rates decision. The pair rose to the important resistance at 143, which was much higher than this month’s low of 140.95. It has retreated by more than 5.8% from its highest point this year. BoJ decision previewThe biggest forex news of this week […]
Adobe And Figma Mutually Terminate $20B Deal After Regulatory Concerns

Adobe And Figma Mutually Terminate $20B Deal After Regulatory Concerns

Adobe and Figma agreed to terminate the $20 billion takeover due to numerous regulatory hurdles stemming from antitrust concerns.Over a year after it was announced, Adobe (NASDAQ: ADBE) and Figma mutually agreed to scrap the $20 billion acquisition deal amid mounting regulatory concerns in the US, UK, and Europe. Intriguingly, Adobe’s shares climbed 1.8% ahead of the […]
Elliott Wave Technical Analysis: Texas Instruments Inc. – Monday, Dec. 18

Elliott Wave Technical Analysis: Texas Instruments Inc. – Monday, Dec. 18

Image Source: Pixabay  Texas Instruments Inc., Elliott Wave Technical AnalysisTexas Instruments Inc., (Nasdaq: TXN): 4h Chart 18 December 2023TXN Stock Market Analysis: We have been looking for longs after we’ve seen 150$ acting as tested support. Looking for a series of wave threes and fours as we could head towards major level 200$.  TXN Elliott Wave […]
EUR/USD Analysis: Euro Gives Up Its Gains 
                    
 

EUR/USD Analysis: Euro Gives Up Its Gains  

The euro’s attempt to rebound last week failed. Despite the bulls’ success in moving the pair towards the psychological resistance of 1.1000, the dollar came back strong to close the week lower, stabilizing around 1.0893. The US Federal Reserve, the European Central Bank, and the Bank of England all left interest rates unchanged last week, […]