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GBP/USD Forecast: Faces Downward Pressure Amidst Challenging Conditions

GBP/USD Forecast: Faces Downward Pressure Amidst Challenging Conditions

In the end, the British pound faces ongoing downward pressure amidst challenging economic conditions and geopolitical uncertainty. The GBP/USD embarked on an initial rally during Wednesday’s trading session but swiftly surrendered those gains, succumbing to persistent downward pressure. As market dynamics continue to unfold, it appears that a bearish flag pattern is in the making. The crucial […]
Rising Treasury Yields Put A Damper On The Impact Of Tech Earnings

Rising Treasury Yields Put A Damper On The Impact Of Tech Earnings

Several mega-cap companies reported their quarterly earnings for Q3 over the past two weeks, with the majority posting better-than-expected results. However, the stock market hasn’t been very kind in response to those results; this pessimistic investor reaction came from unfavorable macroeconomic circumstances highlighted by record-high Treasury yields and persisting conflicts in the Middle East. Freepik S&P 500 Down 7% from 2023 […]
USD/JPY Forecast: Marks Fresh 2-Week High Amid Rising Yields

USD/JPY Forecast: Marks Fresh 2-Week High Amid Rising Yields

Thursday’s USD/JPY forecast points to bullish sentiments as the greenback stands tall, lingering near a two-week peak, powered by the surge in Treasury yields. Simultaneously, the Japanese yen surpassed 150 per dollar, leaving traders apprehensive about potential intervention.Notably, the Japanese yen hit a new one-year low of 150.48 per dollar. The level is not far […]
Tensions Run High Ahead Of ECB Meeting And US Q3 GDP As JPY150 Breached

Tensions Run High Ahead Of ECB Meeting And US Q3 GDP As JPY150 Breached

Overview:The market is on edge. Anxiety is running higher. It is partly geopolitics, and it is partly market stresses. The dollar is holding above JPY150 but so far, no reports or signs of intervention.FreepikBank shares are under pressure. An index of Japanese banks has fallen for five of the past six sessions and are off […]
Elliott Wave Technical Analysis: Meta Platforms Inc – Thursday, October 26

Elliott Wave Technical Analysis: Meta Platforms Inc – Thursday, October 26

Meta Platforms Inc., Elliott Wave Technical AnalysisMeta Platforms Inc.,  (META:NASDAQ): 4H Chart 26 October 23META Stock Market Analysis: We were looking for continuation higher into wave (5) after the triangle in wave (4), however we nearly reached wave count invalidation and as momentum indicators suggest we could have topped in wave (5).META Elliott Wave Count: Wave (5) […]
Large-Cap Stocks Continue To Lead US Equity Factors In 2023

Large-Cap Stocks Continue To Lead US Equity Factors In 2023

Large-cap shares remains on track to dominate US equity factor performance for 2023, based on a set of ETFs through Wednesday’s close (Oct. 25). Within the large-cap space, technology shares are the driving force behind the outperformance.FreepikYear-to-date factor results are currently led by two upside outliers: large-cap growth (IVW) and quality (QUAL). Each fund is currently […]
Profit, Politics, And Petroleum: Making Sense Of The Oil Industry

Profit, Politics, And Petroleum: Making Sense Of The Oil Industry

Good energy policy starts with a good understanding of energy issues. But both major political parties have glaring blind spots when it comes to understanding the energy sector.FreepikLet me preface this column by noting that I am a registered Independent. I have major disagreements with both political parties, and I strive to approach issues from […]
New Home Market Cap Closing In On Housing Bubble Peak

New Home Market Cap Closing In On Housing Bubble Peak

Political Calculations’ initial estimate of the market capitalization of new homes sold during the month of September 2023 is $30.62 billion. That figure is less than half a billion away from the nominal (non-inflation adjusted) peak of $31.05 billion that was reached in August 2005.FreepikWhile this figure will be revised over the next several months, […]
Bitcoin Commentary, Thursday, Oct. 26

Bitcoin Commentary, Thursday, Oct. 26

Freepik ETF FeverBitcoin (BITCOMP) prices continue to push higher this week with BTC futures now trading at 17-month highs. The driver behind the move is the ongoing speculation regarding potential SEC ETF approval. BTC bulls have been bolstered recently by the SEC’s decision not to appeal against a court ruling in favor of Grayscale’s ETF application. […]
The Commodities Feed: Operational Issues Tighten Copper Supply

The Commodities Feed: Operational Issues Tighten Copper Supply

Some of the major copper producers in the Americas have downgraded their copper production target for this year and next due to operational issues. Lower supply along with optimism around a revival in Chinese demand could support copper prices although broader economic concerns persist.Freepik Energy: EIA reports inventory gain for the weekICE Brent has been trading […]