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Is The US Stock Market Set To Break Out Of Its Trading Range?

Is The US Stock Market Set To Break Out Of Its Trading Range?

For much of the past month and a half, the S&P 500 Index has rallied, recovering all of the lost ground from the summer/fall correction. The market is currently trading at just below its July high. A decisive rise above this level would strengthen the view that US equities are poised to break free of […]
USD/CAD Forecast: Loonie Loses Ground After BoC’s Pause

USD/CAD Forecast: Loonie Loses Ground After BoC’s Pause

The USD/CAD forecast suggests a positive shift favoring the pair as the Canadian dollar weakens after the BoC’s decision to maintain rates. On Wednesday, the Bank of Canada (BoC) kept its key overnight rate at 5%. Still, the bank indicated the possibility of another hike. Additionally, the BOC expressed ongoing concerns about inflation.Inflation in Canada […]
Bull Of The Day: Zoom Video Comms

Bull Of The Day: Zoom Video Comms

The Leader in Video ConferencingZacks Rank #1 (Strong Buy) stock Zoom Video Communications (ZM) is a video conferencing platform company that enables people to connect and communicate virtually. Zoom is the most popular conferencing platform and allows users to conduct online meetings, webinars, and virtual conferences through audio and video. Users can join Zoom meetings from various […]
Crude Oil Commentary – Thursday, Dec. 7

Crude Oil Commentary – Thursday, Dec. 7

Image Source: Pixabay  Crude Breaks SupportCrude oil prices sank to fresh 5-month lows yesterday as a combination of concerns over the Chinese economy and excess supply in the oil market weighed on sentiment. News that Moody’s has downgraded its credit outlook on China to negative, along with a slew of Chinese corporates, has caused some pause […]
Silver Forecast: Looks For The Bottom

Silver Forecast: Looks For The Bottom

The silver market has exhibited a back-and-forth movement during the Wednesday trading session, maintaining a position just above the critical $24 mark. This price level is not only psychologically significant due to its round figure but also historically important in the trading arena. As the market progresses through the Wednesday session, there is an increased focus on […]
Thoughts For Thursday: Waiting For Santa

Thoughts For Thursday: Waiting For Santa

Well, there are eighteen days left till Christmas which one supposes should allow enough time for Santa to visit the market and that appears to be just what the market is hoping for. With not strong signal from Fed Chair Powell hinting at the timing of the first rate cut, impetus in the market to […]
3 Technology Mutual Funds For Solid Returns

3 Technology Mutual Funds For Solid Returns

Image Source: Unsplash  Technology mutual funds are ideal for investors seeking long-term growth and impressive returns. Improving industry fundamentals and emerging technologies such as artificial intelligence, machine learning, robotics, and data science are the key catalysts to the sector’s growth.In addition, most funds investing in securities from the technology sector take a growth-oriented approach that focuses […]
Asian Stock: Siam Wellness Group

Asian Stock: Siam Wellness Group

Company: Siam Wellness Group Public Company LimitedBloomberg ticker: SPA TBMarket cap: US$298mBackground: Siam Wellness Group Public Company Limited is a spa and wellness company. The company operates day spas under its brand Let’s Relax, destination Spas under its brand RarinJinda Wellness Spa, and traditional Thai massage shops under Baan Suan Massage. The company also has a Thai massage school […]
The Bank Of Canada Left The Interest Rate Unchanged

The Bank Of Canada Left The Interest Rate Unchanged

Image source: Pixabay  At yesterday’s stock market close, the Dow Jones Index (US30) decreased by 0.19%, while the S&P 500 Index (US500) lost 0.39%. The Nasdaq Technology Index (US100) closed down by 0.58%. The broad market declined yesterday despite economic data out of the US on Wednesday proving dovish for Fed policy. The November US employment change from ADP rose by 103,000, weaker than […]
Gold And Silver Break Through Key Resistances

Gold And Silver Break Through Key Resistances

Gold’s resistance, which prevented any monthly close above $1,995, was breached, with a close at $2,035 on Thursday, November 30: The next day, Friday, December 1, those who had logically positioned themselves “short” at this resistance level, bought back their positions, causing the price to climb to $2,071, the historic high for gold touched 3 […]