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Bull Of The Day: Shopify (SHOP)

Bull Of The Day: Shopify (SHOP)

As market participants price in interest rate cuts in 2024, growth stocks like Shopify (SHOP) , are likely to benefit, as investors move further out on the risk curve again.Furthermore, Shopify continues to grow at an impressive pace, with earnings expanding, analysts raising estimates, and a convincing technical setup forms on the chart. For investors looking to add […]
Best 4 Agriculture Companies For Your 2024 Investment Portfolio

Best 4 Agriculture Companies For Your 2024 Investment Portfolio

Photo by Jan Kopřiva on Unsplash  Agriculture is and remains, a crucial sector for sustaining life, offering investors diverse opportunities in this vital industry. This multifaceted sector is shaped by factors like global commodity pricing and technological advancements and encompasses a variety of sub-industries from crop production to livestock management.Despite challenges affecting prices and supply […]
Chart Of The Day: Merchants Bancorp – Banking On Real Estate

Chart Of The Day: Merchants Bancorp – Banking On Real Estate

 The Chart of the Day belongs to the regional bank Merchants Bancorp (MBIN). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart  feature to review the charts for consistent price […]
USDJPY Tests 200-Day SMA Resistance After BoJ Summary Of Opinions

USDJPY Tests 200-Day SMA Resistance After BoJ Summary Of Opinions

The Yen is slightly weaker against the US dollar following the release of the Bank of Japan’s (BoJ) summary of opinions.Today it was revealed that, at the BoJ’s policy meeting last week, one board member said that the central bank can afford to wait before triggering a rate hike. That prompted JPY to weaken slightly, as […]
Gold Forecast: With A Modest Rally On Tuesday 
                    
 

Gold Forecast: With A Modest Rally On Tuesday  

The gold market experienced a modest rally during Tuesday’s trading session, underscoring the persistent bullish sentiment. Of particular significance is the $2050 level, which has emerged as a key focal point. This level not only serves as a formidable support but also carries the weight of “market memory,” given its prior role as resistance. In light of these factors, […]
Stocks Moving Into A Dangerous Period

Stocks Moving Into A Dangerous Period

Image Source: Unsplash  A technical analysis of the stock market.Video Length: 00:08:23More By This Author:Thanksgiving Market Update Gold’s Battle At $2,000: A Test For The Intermediate Cycle The Major Crash Is Not Due Until 2024
EUR/JPY Nears 158.00 Favoured By Risk Appetite And A Dovish BoJ

EUR/JPY Nears 158.00 Favoured By Risk Appetite And A Dovish BoJ

The Euro keeps trading higher against a weak Japanese Yen on a calm post-Christmas session. The pair is paring previous losses fuelled by a risk-on mood and a dovish BoJ, that has frustrated market hopes of a major policy shift at December´s meeting. The dovish BoJ outlook hurts the YenThe BoJ Summary of opinions, released on Tuesday […]
Rates Sharply Higher Even As Consumer Credit Is At Record High And Sentiment Remains Suppressed

Rates Sharply Higher Even As Consumer Credit Is At Record High And Sentiment Remains Suppressed

Consumer credit is at a record high, including auto loans. Already stretched, consumers are now having to deal with higher rates. Evidently, consumer sentiment remains suppressed. This has the potential to seriously impact retail sales next year – negatively, of course. Consumer credit hit a new high in October, up 3.1 percent from a year […]
ETH/USD Forecast: Buyers Step In To Lift Ethereum Again

ETH/USD Forecast: Buyers Step In To Lift Ethereum Again

For Ethereum to thrive, there must be a willingness among investors to engage with the crypto markets and their associated ecosystems, a trend that seems poised to gain momentum in 2024. Ethereum experienced a downturn in the early hours of Tuesday, further underscoring the prevailing volatility in this market. In the grander scheme of things, […]
US Q4 GDP Nowcast Holds At Modest Growth Estimate

US Q4 GDP Nowcast Holds At Modest Growth Estimate

The outlook for the US economy is on track to close 2023 with a relatively upbeat outlook for the fourth quarter, based on a set of nowcasts compiled by CapitalSpectator.com.The official Q4 GDP release from the Bureau of Economic Analysis, due in late January, is expected to report the economy expanded by 1.6% (seasonally adjusted […]