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Market Briefing For Tuesday, January 9

Market Briefing For Tuesday, January 9

The Keystone Cops was a hilarious silent-film era (yes before I was born) about cops and robbers running around in circles, never quite sure which direction they were going.FreepikSo it seems to be with both politics and geopolitics these days, and that’s disturbing. As for S&P, it’s just a phase in correction.As to the ‘helter-skelter’ aspects […]
Markets Party Like It’s 2023

Markets Party Like It’s 2023

Image Source: PexelsMarket activity was so healthy today, you’d think it was still 2023! After taking the air out of valuations across the board over the past week of trading, market participants saw fit to run a bit higher ahead of Q4 earnings season, which unofficially gets underway later this week. The Dow gained +216 points […]
India Strikes ‘First Oil’ To Enter ‘World’s Deepwater Club’

India Strikes ‘First Oil’ To Enter ‘World’s Deepwater Club’

Photo by Timothy Newman on Unsplash India has developed and begun extraction of a significant oil and gas find in the Bay of Bengal. The site will contribute 7% to both India’s national oil and gas production. To further increase energy self-reliance, India is ramping up refinery capacities. After having identified substantial lithium resources last year, on 7th […]
Financial Markets Report For Monday, January 8

Financial Markets Report For Monday, January 8

Image Source: PexelsIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, January 8.Video Length: 00:19:11More By This Author:Metals Report For Monday, January 8Metals Report For Friday, January 5SPDR ETF Report For Friday, January 5
Exxon Mobil Inc. – Elliott Wave Technical Analysis, Tuesday, January 9

Exxon Mobil Inc. – Elliott Wave Technical Analysis, Tuesday, January 9

Image Source: PexelsExxon Mobil Inc., Elliott Wave Technical AnalysisExxon Mobil Inc., (XOM): 4h Chart 9 January 24XOM Stock Market Analysis: As we are trading around a Major level of $ 100- we need to be mindful, that there is a possibility we have five waves off the bottom in a leading diagonal and we could now […]
EURJPY : 1:2.5 Risk/Reward Target Hit

EURJPY : 1:2.5 Risk/Reward Target Hit

Image Source: UnsplashOn January 4 2024 EURJPY was showing signals that the pair would extend higher. Below I will explain the reasons why I entered the BUY/LONG trade.Buy Trade Setup1. Price enters the 1-hour bullish demand zone. (Gray box)2. Price sweeps a liquidity level faking out sellers and fuelling the buyers. (Black line/Liquidity Grab)3. A bullish […]
EUR/USD Price Analysis: Edges Lower To Near Major Support At 1.0950

EUR/USD Price Analysis: Edges Lower To Near Major Support At 1.0950

Image Source: Pixabay EUR/USD retraces its recent gains as the US Dollar trims its intraday losses. A break below 1.0900 could push the pair to navigate the 50-day EMA at 1.0887 followed by the 38.2% Fibonacci retracement level at 1.0867. The psychological level at 1.1000 appears as the key resistance followed by the previous week’s high […]
Inflation Nowcasts And Expectations

Inflation Nowcasts And Expectations

Image Source: PixabayNY Fed median expected y/y CPI inflation at 3%. Nowcast for core y/y at 3.9%.Figure 1: Instantaneous CPI inflation (bold black), y/y core CPI (blue), Bloomberg consensus (green square), median expected CPI y/y CPI inflation from NY Fed (red). December observations for CPI, core CPI 1/8/2024 Cleveland Fed nowcasts. NBER defined peak-to-trough recession dates shaded […]
Boeing’s $150 Billion Wipeout

Boeing’s $150 Billion Wipeout

Image Source: UnsplashPeaking at a quarter trillion dollar market cap, it has had quite a fall from grace.The last time Boeing (BA) went through a public relations nightmare, it lasted MONTHS and destroyed the stock. Don’t think today’s blip is the end of it.More By This Author:Nvidia: Soaring To New HighsETF Weekend Review OneReaction to Jobs […]
Asia Morning Bites For Tuesday, January 9

Asia Morning Bites For Tuesday, January 9

Image Source: PixabayGlobal Macro and Markets Global markets: US Treasury markets had another choppy day on Monday but finished roughly unchanged. 2Y yields traded in a 10bp range, but ended only 0.6bp lower than the previous day, and it was a similar story for 10Y yields, which ended only 1.5bp lower at 4.030%. EURUSD is similarly unchanged […]