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Economic Data Forecasts For The Weeks Of Oct. 30 & Nov. 6

Economic Data Forecasts For The Weeks Of Oct. 30 & Nov. 6

Photo by Towfiqu barbhuiya on Unsplash Here are my forecasts for upcoming economic data:           Forecast Prior Observation Consensus Week of October 30         October 30         Dallas Fed Manufacturing Index   -16.0 -18.1             October 31         Employment Cost […]
Latest Update On CoT, What Noncommercials Are Buying

Latest Update On CoT, What Noncommercials Are Buying

Following futures positions of non-commercials are as of October 24, 2023.10-year note: Currently net short 563.4k, down 147.4k.The FOMC meets next week. After this, there is only one scheduled meeting left this year – on December 12-13.The futures market expects no hike next week. This is in line with a nod and a wink from […]
USDX Weekly Technical Analysis – Oct. 28, 2023

USDX Weekly Technical Analysis – Oct. 28, 2023

Key moments in the USDX week ahead forecast:[0:00] – Intro [0:08] – Key moments in the USDX week ahead forecast: [0:00] – Intro [0:08] – USDX analysis of this weekUSDX analysis of this week More By This Author:USDX Weekly Technical Analysis Today – Oct. 21 US30 Analysis Today & US30 Week Ahead Forecast XAUUSD GOLD Analysis […]
Cannabis Investors Have Thrown In The Towel: American MSOs Down 21% This Week

Cannabis Investors Have Thrown In The Towel: American MSOs Down 21% This Week

Image Source: Unsplash  BackgroundIn the fall of 2020 the cannabis sector went parabolic, soaring 202% in just 4.5 months, peaking on February 9th, 2021 only to collapse by 71% over the ensuing 12 months to end up 13% below where the surge had begun. The sector decline continued over the next 12 months going down another […]
AbbVie Inc. Dividend Increase

AbbVie Inc. Dividend Increase

Image Source: UnsplashAbbVie Inc. (ABBV) recently announced its next dividend of $1.55 per share, a 4.73% increase over the company’s previous payout of $1.48. DivGro’s annual dividend income will increase by $28.00 as a result. I own 100 shares of ABBV at an average cost basis of $60.56 per share. Following this increase, my yield on cost is 10.24%. […]
Forex And Cryptocurrencies Forecast For Monday, Oct. 30 – Friday, Nov. 3

Forex And Cryptocurrencies Forecast For Monday, Oct. 30 – Friday, Nov. 3

EUR/USD: Awaiting the Pair at 1.0200? Having started the past week on a positive note, EUR/USD approached a significant support/resistance level at the 1.0700 zone on Tuesday, October 24, before reversing and sharply declining. According to several analysts, the correction of the DXY Dollar Index that began on October 3rd, which correspondingly drove EUR/USD northward, has come to an […]
Expect To Pay A Lot More For That Bag Of Halloween Candy This Year

Expect To Pay A Lot More For That Bag Of Halloween Candy This Year

If you haven’t yet purchased that big bag of Halloween candy this year, be prepared for sticker shock. CPI and PPI data from the BLS, chart from Fred, the St. Louis Fed data repository.The CPI for candy and gum is ripping higher. So is the PPI for cocoa, a key ingredient in chocolate. Cocoa Futures Cocoa […]
GBPUSD Analysis Today & GBPUSD Week Ahead Forecast – Oct. 28, 2023

GBPUSD Analysis Today & GBPUSD Week Ahead Forecast – Oct. 28, 2023

This is how I see Forex forecast analysis today for the GBPUSD week ahead, with my outlook and the setups I am looking to trade.Key moments in the GBPUSD week ahead forecast:[0:00] – Intro[0:08] – GBPUSD analysis of this weekMore By This Author:USDX Weekly Technical Analysis Today – Oct. 21 US30 Analysis Today & US30 […]
A Weekly Trend Break For The S&P 500

A Weekly Trend Break For The S&P 500

Image Source: PexelsThe daily charts have shown that indices have been in a bit of a free-fall recently, so the focus now shifts to weekly timeframes. The S&P 500 was the last of the leading indices to break weekly-trend support, lining up the 200-day MA for the next support test.Volume climbed to register as distribution, rubbing salt […]
Tesla: Reporting Solid Results Despite EV Price Cuts

Tesla: Reporting Solid Results Despite EV Price Cuts

Image Source: PexelsMarkets have been facing a 5% dilemma. The benchmark Treasury yield recently closed just above 4.9%, a fresh 16-year high. The market could likely turn broadly positive, and lower rates may be just around the corner. In the meantime, I still like Tesla (TSLA), which recently reported a good third quarter, outlines Carl Delfeld, editor of Cabot Explorer.While profits were […]