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Brent Is Stressed Again Triggered By The Saudi Arabia

Brent Is Stressed Again Triggered By The Saudi Arabia

Image Source: Unsplash  For the last month and a half, the crude oil market has been under constant stress. Sentiment changes mostly because of the supply and demand forecasts. A Brent barrel price dropped to 75.65 USD yesterday.The decline was triggered by the decision of Saudi Arabia to decrease prices for its buyers starting in February, […]
Bear Market: Used Car Market Gives More Breathing Room For Fed

Bear Market: Used Car Market Gives More Breathing Room For Fed

Wholesale used vehicle prices, tracked by Cox Automotive, peaked nearly two years ago and have since plunged into a bear market. The declines are a welcoming sign and give the Federal Reserve much-needed breathing room for interest rate cuts this year. The Manheim Used Vehicle Value Index fell to 204 in December, marking a 7% decrease from […]
New Home Unaffordability Rises Despite Lower Mortgage Rates

New Home Unaffordability Rises Despite Lower Mortgage Rates

New homes became more unaffordable for the typical American household in November 2023. Even though mortgage rates dipped almost two-tenths of a percentage point from their October 2023 high, as expected, the median new home sale price rebounded by more than enough to offset both the potential reduction in mortgage payments from those lower rates and […]
Bitcoin Vs Ishares Bitcoin Trust ETF: Better Buy?

Bitcoin Vs Ishares Bitcoin Trust ETF: Better Buy?

Bitcoin price staged a strong comeback on Monday as the countdown to SEC’s approval of a spot Bitcoin ETF continued. It jumped to a high of $47,000, its highest level since January 2022. It was also up by over 200% from its lowest level in 2022, making it the best-performing major asset in the market.  The case […]
Bull Of The Day – MercadoLibre

Bull Of The Day – MercadoLibre

MercadoLibre (MELI) is one of the largest e-commerce platforms in South America. The company is a market leader in e-commerce in Brazil, Argentina, Colombia, Chile, Ecuador, Costa Rica, Peru, Mexico, and Uruguay based on unique visitors and page views.The stock is currently a Zacks Rank #1 (Strong Buy), with analysts raising their outlooks across all […]
Elliott Wave Technical Analysis: Cardano/U.S. Dollar – Tuesday, Jan. 9

Elliott Wave Technical Analysis: Cardano/U.S. Dollar – Tuesday, Jan. 9

Photo by Executium on Unsplash  Elliott Wave Analysis TradingLounge Daily Chart, 8 January 2024.Cardano / U.S. Dollar(ADAUSD)ADAUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: ZigzagPosition: Wave ADirection Next higher Degrees: wave (II) of ImpulseWave Cancel invalid level: 0.241Details: Wave (II) is Equal to 61.8% of wave (I) at 0.406Cardano/U.S. Dollar (ADAUSD) Trading Strategy: ADA’s rise appears to have […]
AUD/USD Outlook: Dollar On The Front Foot Ahead Of The US CPI

AUD/USD Outlook: Dollar On The Front Foot Ahead Of The US CPI

On Tuesday, the AUD/USD outlook took a bearish turn, influenced by a strengthening dollar as investors strategically positioned themselves in anticipation of the upcoming US inflation report. On Thursday, the US inflation reading will likely provide additional insight into the Fed’s policy outlook in the coming months. In Australia, November retail sales experienced the most significant […]
Asian Stock: Mitsubishi Motors

Asian Stock: Mitsubishi Motors

Company: Mitsubishi Motors CorporationBloomberg ticker: 7211 JPMarket cap: US$4,927mBackground: Mitsubishi Motors Corporation develops and manufactures passenger cars and their related parts. The Company has production facilities in Japan, Thailand, and other countries around the world.  World Class Benchmarking of Mitsubishi Motors Profitable Growth rank of 2 was same compared to the prior period’s 2nd rank This is World Class […]
Be Wary Of Not Letting ‘Good News” Be ‘Good News’

Be Wary Of Not Letting ‘Good News” Be ‘Good News’

 — Market’s tepid reaction to Friday’s good employment data frames the bearish narrative.— Beware! Fed rate cuts may not be as imminent as recent strong market action may be signaling.— I ask the question, is it about time we let good news be good news without Fed intervention? Bah! Humbug! Bad News…   Economy’s too good […]
Bad News Is Good News Still A Thing In 2024

Bad News Is Good News Still A Thing In 2024

Image Source: Pixabay  A New York Fed survey revealed the lowest year-ahead inflation expectations in three years and the market welcomed the news. Looking ahead, we get German industrial production, Eurozone unemployment, Canada trade, US trade, and some central bank speak.Video Length: 00:00:50More By This Author:Busy Friday Calendar To Close Out Ominous Week Digesting The Latest […]