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USD Index Price Analysis: Extra Losses Look Likely Below 104.00

USD Index Price Analysis: Extra Losses Look Likely Below 104.00

DXY manages to regain some composure following Tuesday’s sell-off. Losses are expected to accelerate below the monthly low of 103.98. DXY attempts a mild recovery to the 104.30/40 band after bottoming out just below the 104.00 support earlier in the session on Wednesday.The breakdown of the November low of 103.98 (November 14-15) should pave the way […]
Real Retail Sales Consistent With Continued Slow Growth, Aided By A Continuing Decline In Commodity Prices

Real Retail Sales Consistent With Continued Slow Growth, Aided By A Continuing Decline In Commodity Prices

Before I discuss today’s main course of real retail sales, let’s briefly ingest the ours d’oauvres of PPI and a brief update on chained CPI.The economy has greatly benefitted from the un-kinking of the pandemic supply lines. That continued in October, as commodity prices declined another -1.3%, and finished goods PPI declined -1.9%. From their peaks […]
Pipeline Pressures Support The US Soft Landing View

Pipeline Pressures Support The US Soft Landing View

Image Source: Pixabay  After yesterday’s big reaction to the benign CPI data, which saw risk assets rally hard and the dollar come off as interest rate expectations fell sharply, it is the turn of retail sales and producer price inflation today. It once again feeds the soft landing narrative with subdued price pressures and resilience in […]
Charting The Course Through Global Economic Waters: Insights And Trends

Charting The Course Through Global Economic Waters: Insights And Trends

In a world where economic dynamics are continuously evolving, our blog provides crucial insights and analysis to keep you ahead in the constantly shifting global economic landscape.  Global Economic Trends: An OverviewWelcome to our blog, your go-to source for the latest developments and trends shaping the global economy. Our goal is to offer valuable insights […]
EUR/USD Forecast: Reacts To CPI Numbers

EUR/USD Forecast: Reacts To CPI Numbers

Should the bearish momentum persist, further downside targets include the psychologically significant 1.05 level.  The EUR/USD showed signs of strength early on Tuesday as it approached a critical technical indicator, the 200-Day EMA. This development has grabbed the attention of forex traders and analysts; however, a more significant breakthrough is needed to confirm a bullish trend. The […]
YouTube’s New Policy On AI-Generated Music And Other Content

YouTube’s New Policy On AI-Generated Music And Other Content

YouTube is introducing a policy change that will require creators to label AI-generated videos, with a heightened emphasis on music content. The platform’s approach differentiates between general AI content and AI-generated music.FreepikFor the former, creators must label “realistic” AI-generated videos, a requirement crucial for sensitive topics. The specifics of what constitutes “realistic” content are yet […]
Elliott Wave Analysis: Commodity Markets – Wednesday, Nov. 15

Elliott Wave Analysis: Commodity Markets – Wednesday, Nov. 15

Image Source: Unsplash  Content: Bitcoin, US Bond Yields, USD, DXY, US Gold XAU, GDX, Silver XAG, Gold Stocks, Iron Ore, Copper, Uranium, Crude Oil, Natural Gas.Commodities Market Summary: Big moves across the board on Inflation data., that said, Gold could be the one that has the next long trade setup – however to call it, I […]
Stocks Rally Even Higher As S&P 500 Touches 4,500

Stocks Rally Even Higher As S&P 500 Touches 4,500

Stock prices rallied on CPI number yesterday, but will the uptrend continue?The S&P 500 index gained 1.91% on Tuesday, as investors reacted to the lower-than-expected Consumer Price Index release. It reached a new local high of 4,508.67 and it was the highest since mid-September. Recently the index broke above the resistance level marked by the […]
Buy These 3 Retail Stocks Now And Hold Forever?

Buy These 3 Retail Stocks Now And Hold Forever?

Today’s episode of Full Court Finance at Zacks digs into the rapid stock market rebound over the last two weeks and looks at the evolving earnings picture. The episode then explores three major retail stocks—Walmart (WMT) , Target (TGT) , and TJX (TJX) —that are all set to report quarterly earnings this week to see […]
Gold Price Preserving Gains After Downbeat US CPI Figures 
                    
 

Gold Price Preserving Gains After Downbeat US CPI Figures  

The bias is bullish as long as it stays above the upper median line. The US economic data should bring high volatility today. Taking out the static resistance activates further growth. Freepik The price of gold increased in the recent trading session, hitting a new high of $1,971. It did dip a bit in the short term […]