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AUD/JPY Price Analysis: Remains Subdued Around 94.50/95.00, Amid Lack Of Catalyst

AUD/JPY Price Analysis: Remains Subdued Around 94.50/95.00, Amid Lack Of Catalyst

Image Source: Unsplash AUD/JPY trades at 94.98, down 0.02%, after failing to sustain gains above 95.00. Daily chart shows potential for downside, with first support at October 30 low of 94.65. Resistance levels to watch include 95.00, current week’s high at 95.52, and October 25 high at 95.89. The AUD/JPY continues to consolidate at around 94.50/95.00 […]
Checking In On ETFs

Checking In On ETFs

Image Source: PixabayLet’s catch up on some ETFs after this very, very green day. We begin with the biggest of the big, the SPY, which is re-approaching that terribly important red line, which marks a major Fibonacci level. It used to be support. Now it is resistance. Keep in mind, this is a huge week for the central […]
Stocks Jump… Everything Else Dumps

Stocks Jump… Everything Else Dumps

Image Source: PexelsOnce again the fact that WW3 didn’t actually break-out over the weekend sent VIX lower (after surging into the weekend for the 3rd week in a row), smashing stocks higher and havens/hedges such as oil, crude, bonds, the dollar, and bitcoin all declined.But, with the tsunami of potential catalysts for chaos this week such FOMC and payrolls (excluding geopolotical […]
Trading Is A Mental Game: How To Win It

Trading Is A Mental Game: How To Win It

Image Source: Pexels No matter who you are or what you do for a living, we are all victims to our own fears. This is especially true for traders and investors, because trading is a mental game more than anything else. So how do you overcome those fears, even when it seems like the cards are […]
Macro: Texas Manufacturing

Macro: Texas Manufacturing

Image Source: PexelsAfter a big optimistic jump in new orders in September there is a slight downtick in both survey categories. So, a few more respondents reported decreasing activity. Activity isn’t increasing, but the small change doesn’t indicate deterioration—status quo until next month’s releases.More By This Author:Macro: Personal Income And OutlaysMacro: Consumer Sentiment — K-Shaped Macro: […]
NIPA-Based Alternative Measures Of Economic Welfare

NIPA-Based Alternative Measures Of Economic Welfare

From BEA, median equivalized personal income, and net domestic product.Source: BEA, accessed 10/30/2023.Source: BEA, accessed 10/30/2023.For a time series plot of quarterly NDP compared to GDP (pre-comprehensive revision), see this post.More measures from BEA, BEA. Many have not been updated to reflect the 2023 comprehensive revisions.More By This Author:Requiem For A TechnocratInflation Persistence In The Pandemic EraReal Wage Growth […]
U.S. GDP Hides Weakness Behind Massive Debt

U.S. GDP Hides Weakness Behind Massive Debt

Image Source: Pexels The United States is borrowing its way to disguise recession.The headline economic figures for the United States look robust. However, details show concerning weaknesses.Real GDP growth surged to 4.9% in the third quarter, above the consensus estimate of 4.5%. However, some analysts, including Bloomberg, expected up to 5% growth based on the nowcast estimates.United States […]
NextEra Energy Partners Is A Screaming Buy Right Now

NextEra Energy Partners Is A Screaming Buy Right Now

Image Source: Pixabay In late September/early October, the NextEra Energy Partners (NEP) share price crashed after the company revised its dividend growth forecast. Last week, the company reported third-quarter earnings, giving a better picture of its financial health.And far from being a disaster, what I’m seeing is a huge buying opportunity. Let me show you why…On September 27, […]
President Biden’s Executive Order On AI

President Biden’s Executive Order On AI

Photo by Steve Johnson on Unsplash President Biden has issued an Executive Order that could redefine how the U.S. approaches artificial intelligence, outlining specific steps across multiple domains: safety, privacy, equity, and American competitiveness. It also provides a roadmap for developers, policymakers, and stakeholders, laying out actionable steps for responsible AI development and deployment.You should read the White House […]
Six Charts That Say A Lot About The Market’s Outlook

Six Charts That Say A Lot About The Market’s Outlook

CLUSTER OF POSSIBLE SUPPORTThe NASDAQ Composite’s anchored volume weighted average price (AVWAP) chart below, as of Friday’s close, says the market is at a very important juncture. It would be logical for buyers to become interested near the intersection of the AVWAPs tied to the COVID high, COVID low, 2021 high, 2022 low, and 200-day […]