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Ethereum Forecast: Looks Strong

Ethereum Forecast: Looks Strong

Currently, the trajectory for making profits in the Ethereum market appears to be on the upside.Ethereum’s recent performance has raised many questions about its potential for further upward movement. Over the weekend, Ethereum experienced a significant surge, indicating that the $2200 level, possibly extending down to the $2100 level, is now providing short-term support. This […]
Elliott Wave Technical Analysis: Johnson & Johnson

Elliott Wave Technical Analysis: Johnson & Johnson

Image Source: Unsplash  Johnson & Johnson, Elliott Wave Technical AnalysisJohnson & Johnson, (NYSE: JNJ): 4h Chart 6 December 2023JNJ Stock Market Analysis: We changed the count to a bullish scenario. At this stage, we are looking for upside in either a wave 3 or C that seems to be unfolding as expected. Looking for 5 waves […]
Real Consumer Spending Forecasts Continuing Jobs Deceleration

Real Consumer Spending Forecasts Continuing Jobs Deceleration

As I’ve written many times over the years, one of the best short leading indicators for the jobs market is real consumer spending. Usually I use real retail sales. In this post I’m going to expand the analysis to real personal spending as well.To begin with, it’s important to realize that in most recessions only […]
Sensex Today Ends At Record High, Gains 358 Points

Sensex Today Ends At Record High, Gains 358 Points

Image Source: Unsplash  After opening the day on a strong note, the Indian share markets continued their record run for the seventh straight trading session and the markets ended firmly in the green.Equity benchmark indices hit new highs boosted by moderating crude oil prices and a rally in Adani Group and PSU banks.At the closing bell, […]
Bank Of Canada Policy Decision On Tap

Bank Of Canada Policy Decision On Tap

Photo by sebastiaan stam on UnsplashOne of the big events on the North American calendar today comes out of Canada, with the Bank of Canada policy decision due. Given how sensitive global markets are to interest rates and monetary policy outlooks, it will be interesting to see which way the BoC leans.Video Length:00:41:00More By This […]
Back To NDX Safe Haven

Back To NDX Safe Haven

S&P 500 rebounded on underwhelming JOLTS data just as I looked for the index to go up, overcame the key 4,575 support turned resistance, but got rejected at more crucial 4,585 level. The rally was driven by the Magnificent 7, resp. Nasdaq again – and there are signs Russell 2000 is starting to struggle. The […]
Dutch Central Bank To Align Equity And Corporate Bond Portfolios With Paris Agreement Goals

Dutch Central Bank To Align Equity And Corporate Bond Portfolios With Paris Agreement Goals

De Nederlandsche Bank (DNB), the central bank of the Netherlands, announced today a new commitment to align its reserves, including its investments in equities and corporate bonds with the Paris Agreement.FreepikAccording to the new commitment, DNB will aim to cut the carbon footprint of the investments in its portfolio in half by 2030, on a […]
Nasdaq 100 Forecast: Stocks Rise As Weaker Jobs Data Supports A Dovish Pivot

Nasdaq 100 Forecast: Stocks Rise As Weaker Jobs Data Supports A Dovish Pivot

Image Source: Pixabay  US futuresDow futures +0.23% at 36117S&P futures +0.35% at 4587Nasdaq futures +0.48% at 15696In EuropeFTSE +0.45% at 7522Dax +0.64% at 16635 ADP payrolls miss forecasts at 103k down from 113k Data comes after weaker JOLTS job openings yesterday Oil falls to a 5-month low    Weak jobs data could see the Fed cutting […]
BTC/USD Forecast: Still Looking Higher

BTC/USD Forecast: Still Looking Higher

Despite the market seeming a bit extended at present, the longer-term outlook for Bitcoin remains positive.  During the early part of Tuesday’s trading session, Bitcoin exhibited a slight pullback but soon attracted buyers, indicating resilience and potential for further growth. This market, known for its volatility, requires traders to be cautious with their position sizing. Despite the […]
NFP Report In Focus, BoC Decides On Interest Rates

NFP Report In Focus, BoC Decides On Interest Rates

The US Nonfarm Payrolls (NFP) report due on Friday stands out from important financial data releases for the rest of this week. The latest US Job Openings and Labor Turnover Survey (JOLTS) published on Tuesday revealed that the ratio of job openings to the number of unemployed workers fell to 1.34, its lowest reading in […]